As far back as November 2011 there have been methods to send money through Facebook. However in 2015, payment using credit or debit cards was made quite simple. Within Messenger one would just hit the “$” icon enter the appropriate amount and hit pay. The money would be transferred to the designated recipient immediately although it could take a couple of days so show up in their bank account. A detailed account of the process can be found here.
Before the feature can be used, a debit or credit count must be added to the accounts of both senders and recipients. Once you have a credit card entered you must create a PIN number that you will enter every time you send money. IPhone and iPad users can enable Touch ID for added security. The connection between your device and Facebook servers is encrypted along with any financial details stored in the app. Its access may be limited to Android and IOS devices.
A recent article describes the process used: You can access the feature the same way you’d pay with a card. Simply tap the blue plus icon and then tap the green Payments button to bring up the two existing options.If you’d previously set up the feature to pay using your card, just tap the Change button and choose PayPal to connect your account with Messenger. The feature is now live on iOS and will soon be available on Android. Unfortunately, you can only use it if you’re in the US — everyone else will just have to find other ways to spend their PayPal balance.
Facebook has provided users with suggestions as to how they can keep their transactions safe and secure. The appended video shows how money is sent using credit and debit cards linked to Messenger.
