Facebook yesterday added a free Person-to-Person (P2P) payments option to Facebook Messenger for U.S. users. Facebook, which already processes transactions for online games and advertisers, has been itching to get into the payments arena big time.
Here is the Facebook message posted yesterday:
Send Money to Friends in Messenger
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.
Worldwide, there are over 1.39 billion monthly active Facebook users (MAUs) which is a 13% increase year over year.
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