Facebook expands its mobile Messenger payments service beyond the US

Nov 08, 2017, 00:40
Facebook expands its mobile Messenger payments service beyond the US

It further added: "Plus, since payments in Messenger use debit cards, as with any other debit card payment, if there are unauthorized charges, people have recourse with their bank".

The ability to send money to contacts has existed in the United States since 2015, but this marks the first time the feature is being launched outside of the US.

"In the US most people use payments in Messenger to send less than $50 at a time", explainedhead of Messenger, David Marcus, reports Bloomberg. In February, global money transfer service TransferWisebuilt a "bot" for Messenger, letting its users send money to each other through the platform.

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Facebook has reportedly launched its money transfer service in the UK.

David Marcus is the head of Messenger at Facebook and a senior executive there. Facebook Messenger also lets you send payments through PayPal and introduced a group payment option earlier this year. This opens the chat extension drawer, and the first thing you see should be a green "Cash" icon in order to send money without leaving the chat app. They link their account to their debit card and can request payments to friends in seconds by messaging them and entering...

It's a win-win situation: Facebook continues its relentless quest to take over the universe, and you'll eventually get to recklessly blow all your money on shite while you're drunk - without needing to change service.

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Payments will be protected by a PIN system to prevent fraud and augmented by its M digital assistant, which will issue a handy prompt when someone asks for money.

Facebook says money will be transferred right away, but may take one to three business days to become available, "depending on the person's bank".

Other firms in the US market include Square, which lets users swap money via its "Cash" app, and Paypal, which acquired payment service Venmo.

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