Facebook has announced a new feature for their messaging service, Facebook Messenger. It now enables users to send and receive money at no cost to them. By simply pushing the “$” icon that appears in the Messenger window, one can now type in an amount that they would like to transfer to the user who is on the receiving end of the message. According to the announcement, the money may take a few days to show up in the bank, however, it is sent right away.
Since the Facebook Messenger release (especially as a separate app) there have been many comments on how much it is disliked. We can’t help but wonder how the Facebook community will react to this new feature.
Facebook has stressed that the security that is built into the system makes it safe for users to use.
“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.”
If you’re still uneasy about it, there is a way to add a PIN code or Touch ID if you want to take an extra step of precaution.
When you first go to use the payment system, you’ll have to add a Mastercard or Visa debit card that is issued through US Bank. Facebook is looking to avoid the use of credit cards in this new feature in order to minimize fraud and fees.
If you’re curious to use this service, it will be implemented for Android, iOS, and desktop users over the next few months.
Facebook’s product manager, Steve Davis, spoke with Re/Code and assured them of the company’s motive for this type of service.
“We’re not trying to make a profit out of payments.”
What do you think geeks? Will you use this feature once it has been implemented in Facebook Messenger? Does this make sending money convenient for you? Let us know in the comments below!