Facebook has just introduced a new feature in the chat application. Yes, this feature will most probably replace the Google Wallet, Paypal and others. It has announced the Facebook Pay option in the Facebook Messenger chat application which allows you to integrate your Debit card/VISA card and send payments directly to your friends.
When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and tap a “$” button to send friends money on iOS, Android, and desktop with zero fees. Facebook Messenger payments will roll out first in the US over the coming months.
The app now features a small ‘$’ sign above the the keyboard which will lead you to a payments interface. Just enter the amount you want to send and tap pay to send money. You’ll be prompted to enter a debit card number (Mastercard or Visa) if you haven’t already, and on iOS devices you can use TouchID to secure your payments. Alternatively, you can just use a PIN.
Money is briefly held through Facebook, after which it’s transferred to the respective friend’s bank account. If your friend doesn’t have a bank account linked, it’s simply held at Facebook until he or she does so. Facebook says the feature will soon roll out on Android, iOS and Web in the US, there was no word about the availability of this new feature in other countries. We will keep you updated, cheers!