Facebook today announces its new feature in Messenger that allows people to send and receive money in a secured process. According to the company it will be free to use, and will soon be rolling out in the coming months.
In this time of hacking and intrusion of personal files, Facebook values security above all else and that’s what they’re implementing upon rollout of this new feature.
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.
To send or receive money, the user just needs to follow these simple steps:
Sending money
- Start a message with a friend
- Tap the $ icon and enter the amount you want to send
- Tap Pay in the top right and add your debit card to send money
Receiving money
- Open the conversation from your friend
- Tap Add Card in the message and add your debit card to accept money for the first time
As of now, only those residing in the United States are slated to receive this new update in the coming months. Stay tuned as we wait for any development on its global release.
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