Facebook launches it,s new feature sending money through your debit/credit card. Now you are able to send money to your Facebook friends and family. It,s a great feature you can benefit from and the applications that you already use through these applications send money across the world. Now you are able to send money through Facebook messenger WhatsApp Instagram.Millions of people already using their debit and credit cards to buy things and advertising on Facebook. So Facebook team makes it easier now that you just need to connect your debit/credit card or PayPal account. So you will link it once and use it forever this feature has 24/7 support if you are facing any issue you can live chat with to customer care center. Don,t be worried about it,s a new feature you might be skeptical about using it. But it has extra security and protection as Facebook said.
Guide to install and use Facebook pay:
Hopefully, you are already using Facebook if not just create a Facebook account and signup a new one
create a new account and fill in the information of your first name last name email address and password. That,s how simple it is.Once you created a Facebook account or if you have already just go to the right top bar you will see this option
Just click here and then click the setting and privacy option once you click the setting and privacy option in the left slide bar scroll down until you see the Facebook pay option.
Click on the Facebook pay button and then you will see this page
Just click this option payment method. Then the next step you will get for the payment method like debit/credit card or PayPal.If you have a debit card you can use it to connect with Facebook pay. The second option is a credit card Yes; you can connect your credit card to your Facebook account as well. The method for credit and debit cards is the same. Now next step to connect your debit card or credit card to facebook pay you have to choose the first option credit/debit card
Once you click here you will see these options
How simple it is to connect your debit or credit card to your facebook pay. Now you just need to fill these options your card number expiry date of your credit or debit card your CVV code that is written on the backside of your credit or debit card and choose the country where the bank account has belonged and you are good to go. You will get soon the confirmation of your card linked to facebook pay.
If you want to link your PayPal account to your Facebook pay there are two ways to connect with it. Through a billing agreement or through receipt notifications. Through billing agreement, you can set a specific amount that you are willing to use with Facebook pay for example you want to put $200 billing you can only be able to use through your Facebook pay those $200 and if you want you can add more money whenever you need to use it. using this message you will get a notification to your PayPal account and email that you transferred the money $200 to Facebook pay. The second option through receipt notifications you will get notifications each time whenever the payment has used through facebook pay. These are the 2 methods by that you can use and link your PayPal account with Facebook pay.
How To Send Money To My Facebook Friends Using Facebook Pay?
You need to have a master card visa card or PayPal account to send money through Facebook to your friends. First, you will connect your debit card or PayPal account to your Facebook pay which is very easy and explained in detail above with step by step guide. Then if you want to send money to your Facebook family or friends. It is very easy to send money on Facebook to your family or friends it,s as simple as you send a message to any one of your Facebook friends lists.
Start a conversation in Messenger with the person you want to pay.
Tap the “+” icon for more actions.
Use the “$” icon to view the payment screen.
As you can see from the above photos. And then push the “ Pay ” button to send the money to your friend that,s how simple it is…Now the thing you might be thinking that how do I know the person to whom you are sending the money will receive the money or not.
How your Facebook friend will receive the money?
The answer is Yes your friend can receive the money by just doing few steps. He needs to link his bank account with Facebook pay just by following the same steps we did above. To receive the Facebook money he needs to go to the top right bar of facebook click the drop-down arrow and go to privacy and settings then add card details and once he successfully added the card he/she will be able to receive the money.
How long Facebook will take to receive send or receive the money?
Once you connected your bank account to Facebook pay then you only need to write the money you desire to send and instantly it will reach to your friend’s account. It,s the bank that will take 3 to 4 days to send money to your friend’s account. Facebook sends money instantly as you send a text message to any of your friends. Once you send money to any of your friends if they don,t added credit or debit cards yet they will get a notification that someone sends you money to receive it you need to link your bank account debit/credit card or PayPal to your Facebook account.
Facebook Security: Is Facebook Pay Safe?
Do you know Facebook is the #1 social network? See below Top active social platforms with it,s revenue.
Facebook has 2.7 billion monthly active users since it is the #1 platform in social so what do you think they can start something that is insecure? If any platform that exists has any small issue what you think it can stand in the market? So don,t think that Facebook might not be secured. It is 100% secure you never lose money if you linked any debit card or credit card. They will securely save the information and encrypt your bank card and the information and they will perform anti-fraud monitoring. Millions of people already using this service and there is no issue yet. You just need to be sure that the password you are using only you know it and always put it with 2 step verification authenticates always on. In this way, once you login into your account it will always ask you for second step verification it can be a 4 digit code that you receive on your mobile you just confirm it and your account will be open successfully. You will always have this option whenever you will open it in this way your account cannot get hacked by hackers. You can set fingerprint instead of password or both.
FAQ | Frequently Asked Questions:
How Does Facebook Pay Work?
Facebook pay is a great instant and secure platform to send or receive money instantly. Simply if you have already an account on Facebook just go to privacy and setting click the Facebook pay option enter the detail of your visa or master credit/debit card link with it that, that,s how simple it is. It will take a while and once it,s done you will get a notification your account successfully added with that bank account and then you will have a $ symbol to your messenger just simply add the money you want to send and it will send instant money to your Facebook friend easy fast and secure system.
What is the Facebook cash app?
There is no Facebook cash app it,s a new feature from Facebook that is called facebook pay. You can use it to send or receive money once you linked your bank account to your Facebook account.
Is Facebook Pay Instant?
Yes, Facebook pay sends and receive money quickly as you send message to your Facebook friend but it depends on your bank they normally take 2 to 3 days to send you money that you received from someone.
Does Chime Work With Facebook Pay?
Yes, the chime card works with facebook pay. Before it,s not but right now since Facebook launched new feature facebook pay it will work because now Facebook accepts all type of visa card master card American express and Discover cards as well.
Method to add your chime card to Facebook pay:
These steps you need to follow:
- Login to your Facebook account
- Go to the privacy and setting option
- Left sidebar scroll down you will get Facebook pay option
- After clicking facebook pay it will ask you to add debit/credit card details
- Enter your chime card detail
- Save the card detail
- It will be added within few minutes and you will get a notification
- Once it,s successfully added now you are able to send or receive money
Are there any fees to send or receive money using facebook pay?
No, it’s free of cost whether you send the money or if you want to receive the money there will not be any charge by Facebook.