Andre Yoskowitz
18 Mar 2015 12:54
After being rumored for months, Facebook has officially added the ability to send and receive money through its Messenger application.
The service is completely free and all you have to do is hit the "$" icon in Messenger to get started. The funds are sent immediately but depending on your bank, could take 1-3 business days to show up. You will need to use a Visa or MasterCard debit card for the service, as it does not accept credit cards as of writing.
"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," and users can add an additional PIN or iOS Touch ID for added protection.
Facebook is so transparent about the security that it has even created teams separate from its normal employees for the new system. "These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control. A team of anti-fraud specialists monitor for suspicious purchase activity to help keep accounts safe," added the company.
Source:
FB