![]() ![]() ![]() Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. However, if Facebook opens this service for international users, it will be one of the most convenient and the cheapest way to make international payments as compared to high-fee remittance services.Most stock quote data provided by BATS. Wrap Upįor now, Messenger’s payment service is only available in the U.S. WeChat allow its users to make payments, e-commerce purchases, hail taxis and more. As of November 2014, WeChat has 468 million active users and it is the number one social messaging app in China. You don’t have to switch to another app.”Ĭlearly Facebook Messenger seems to be following the trails of WeChat. What we want to do is make it easy to finish the conversation in the same place you started. “People chat about bar tabs, splitting dinner bills, and sharing the cost of an Uber. “Conversations about money are already happening on Messenger,” said Steve Davis, Facebook’s product manager. Users can see all their previous payments and funds received in the Payments History section of the Messenger’s settings. In case anything looks strange or suspicious, Facebook will ask users some extra security questions before allowing you to complete a transaction. Both users see a confirmation message detailing the transfer status and time. However, it may take a couple of days before the recipient can actually withdraw that cash, as banks usually take a few days to transfer funds. The money will be instantly transferred from their debit account and delivered to the recipient’s account. Once the $ button is pressed, users enter the dollar amount and hit Pay. If users already have a debit card on record with Facebook from gaming, ads or donations, they can use that too. ![]() ![]() Facebook is not allowing credit cards to avoid any additional charges to their users.Īs for security, users will be asked to set an in-app payments passcode or Apple TouchID fingerprint to confirm transfers. For now, users can only use Visa and Mastercard debit cards. Upon tapping that button, Messenger will ask them to enter their debit card info. Once launched, users will see a “$” sign next to send photos and sticker button. Facebook Messenger payments will be rolled out first in the U.S. After that, all you have to do is tap a “$” button to send friends money on iOS, Android, and desktop, with zero fees. The new payment feature lets you connect your Visa or Mastercard debit card with Facebook Messenger. In this post, we will discuss this payment method and what it actually means for Facebook. However, this didn’t come as a surprise to many of us, as a couple of weeks ago Facebook introduced a payment method within its Messenger enabling users to send money to people in their friends list. This means developers can now create third party applications that can utilize information the Messenger platform offers, and create feature rich experiences for users. One of these announcements was to introduce Facebook Messenger as a separate platform and opening it up for developers. Facebook’s F8 conference has announced a lot of things this year. ![]()
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