How to Send and Receive Money via Facebook App – Guide

Facebook plans to launch its own cryptocurrency next year. One stated goal is to enable more people to send money to each other over the Internet. Libra, an open-source digital currency, and Calibra, a Facebook digital wallet where Libra can be stored and exchanged, are important initiatives for Facebook, as the company seeks to integrate even more into the digital lives of its users.

Facebook has introduced the ability to send and receive money as a feature for its Messenger app in 2015. If you’ve ever used Venmo or Square Cash, the Facebook service works in a similar way. Even though this feature never picked up, it’s still available, and it’s useful for sending or requesting money from friends. ..

How to Send and receive money via the Facebook app

how to send money

  1. Open the Facebook app on your phone or computer.
  2. Go to the main menu and select “Messenger.”
  3. In the “Message” section, select the person you want to send a message to.
  4. On the right side of the screen, under “Type a Message,” click on “Send Money.”
  5. Enter the amount you want to send and click on “Send.”
  6. Your recipient will receive a notification asking them to accept or decline your payment. If they accept, they’ll be able to see the money in their account immediately; if they decline, your money will be returned to you within 24 hours. ..

Hey, I’m looking for someone to pay me. What’s your name?

  • Add a new contact
  • Edit an existing contact
  • Remove a contact

The $ icon on the payment screen shows you how much money you have left.

Enter the amount you want to send and your name.

Please push the “Pay” button to send the money.

your first payment

To use Messenger Payments for the first time, you will need to provide funding information. It’s easy to submit this information during the checkout process, but you can also add or change funding methods in your Facebook settings.

To add a funding method, you must enter your debit card number or PayPal account information, as well as any other required information. You also have the option to set up a personal identification number (PIN), which can help prevent unauthorized payments. Choose a code that is difficult to guess and that no one else knows. If you want additional security, you can order fingerprint matching or facial recognition on some devices.

how to receive money

When you receive a payment, Facebook immediately sends the money to your linked debit card or PayPal account. However, it may take up to three business days for the money to appear in your bank account.

Final note

How to Send and Receive Money via Facebook App: If you’re like most people, you probably use Facebook to keep in touch with friends and family. But what if you want to send money to them too? There are a few ways to do this, but the best way is probably through the Facebook app. Here’s how:

  1. Log into your Facebook account and open the app.
  2. Type in the recipient’s name or email address and hit send.
  3. If you’re using a phone, make sure to tap on the “Send” button at the bottom of the screen. If you’re using a computer, just hit “Submit.”
  4. The money will be sent right away!