How to send money on fb messenger

The company last month announced Libra, an open-source digital currency, and Calibra, a Facebook digital wallet that can be used to store and exchange Libra. These two projects are key initiatives for Facebook as the company seeks to embed itself further into the digital lives of its users.

But you don't have to wait until 2020 if you want to send money to your Facebook friends.

Facebook actually introduced the ability to send and receive money back in 2015 as a feature for its Messenger app. If you've ever used Venmo or SquareCash, Facebook's service works similarly. Though the feature has never quite become a hit, it's still available and useful for sending and requesting money from friends.

Facebook has allowed users to send and receive money via Messenger since 2015.

Salvador Rodriguez

To do so, open Messenger on your smartphone, go to the Messenger tab on the Facebook desktop website or simply initiate a Messenger conversation with a friend. Look for the $ icon at the bottom of the chat window and tap on it. You'll see a screen pop up with information about this feature where you can tap "Next" or "OK."

On the next screen, you'll be prompted to enter how much money you want to send or request. You can also add a text or emoji description of the payment. If you're on a smartphone, you can add an additional decoration layer by swiping from the right of your phone screen.

Facebook has allowed users to send and receive money via Messenger since 2015.

Salvador Rodriguez

Once you finalize the payment, you will be asked to enter a payment method. You can enter either a debit card or a PayPalaccount. After you've sent money to a friend, the recipient will be notified about the payment and prompted to enter a debit card to accept it. The money will be made available within one to three business days.

You can add a pin code security layer to your Facebook payments by going into the settings of the Messenger app on your smartphone. To do this, tap on your profile photo at the top left corner of the screen. Scroll down and tap on "Payments" and then tap on "Pin" to enter your code. This will prompt you to enter your code before it allows you to send someone a payment.

Note that while Facebook already offers money exchange over Messenger, Libra is meant to make it easier for people who don't have bank accounts, or who can't easily afford the fees associated with sending money between countries using different currencies.

Sending and receiving money can be done with a tap thanks to money sharing applications such as Cash App and Venmo, where users can transfer funds without having the need to whip out their wallets and use cash. 

Similarly, the Facebook Messenger app allows users to send or receive money once they have have either a debit card or PayPal account on file. 

Here's how you can send money on Facebook. 

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How to send money on Facebook using your computer

1. Open Facebook on your Mac or PC.

2. Start a conversation with the individual that you'd like to send money to by either clicking the messenger icon in the top menu or finding the individual by using the "Contacts" list located on the right side of your screen.

3. Click the dollar sign located at the bottom-right corner of your screen, below the text box of your conversation. 

Today we’re adding a new feature in Messenger that gives people a more convenient and secure way to send or receive money between friends. This feature will be rolling out over the coming months in the US.

It’s easy and free.

To send money:

1. Start a message with a friend
2. Tap the $ icon and enter the amount you want to send
3. Tap Pay in the top right and add your debit card to send money

To receive money:

1. Open the conversation from your friend
2. Tap Add Card in the message and add your debit card to accept money for the first time

The money you send is transferred right away. It may take one to three business days to make the money available to you depending on your bank, just as it does with other deposits.

Secure Network

A dependable and trusted payments processor for game players and advertisers since 2007, Facebook processes more than one million transactions daily on the site and also handles all the payments processed on Messenger.

Incorporating security best practices into our payments business has always been a top priority. We use secure systems that encrypt the connection between you and Facebook as well as your card information when you ask us to store it for you. We use layers of software and hardware protection that meet the highest industry standards. These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control. A team of anti-fraud specialists monitor for suspicious purchase activity to help keep accounts safe.

The first time you send or receive money in Messenger, you’ll need to add a Visa or MasterCard debit card issued by a US bank to your account. Once you add a debit card, you can create a PIN to provide additional security the next time you send money. On iOS devices you can also enable Touch ID. As always, you can add another layer of authentication to your account at any time.

The new payments feature is rolling out in the coming months in the US across Android, iOS, and desktop.

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