Facebook Pay is a payment system designed for Facebook users to send money to their friends and families, or make payment to another Facebook user.
Facebook pay was introduced by Facebook on November 12, 2019, as a means to offer a secure means of payment.
Facebook pay utilizes the Facebook messenger platform. The payment system is very easy to do and secure.
However, to use Facebook pay, you and your receiver must have an account with Facebook.
This is an article on how to send and receive money online with Facebook pay.
Facebook Pay App – Facebook Payment Account Setup
There is no Facebook pay app. However, Facebook pay allows users to make payments across Facebook Messenger, WhatsApp, and Instagram.
With the Facebook pay app, you easily make payment using your debit or credit.
Facebook pay also allows you to make use of Facebook messenger app to make payments for things like; fundraisers, in-game purchases, person to person payments, event tickets, and a few pages on Facebook Marketplace.
Sending and Receiving Money with Facebook Pay Via Facebook
One advantage of sending and receiving money via the Facebook pay app is that it is stress-free.
If you have been using the Facebook messenger app for just chatting with friends and families, then you definitely have been missing a lot as there are a lot of features packed in it.
Facebook pay can be done both on the messenger web and app. This means that you are not only restricted to using Facebook pay with only a mobile device.
How to Send Money with the Facebook Payment App
To send money via the Facebook pay app, follow the process below.
- Start a conversation with whosoever you want to pay.
- Tap the dollar “$” icon.
- Enter the amount you wish to pay
- Tap “Next” and the money would be on its way to the receiver’s account
Note: if you can’t find the $ icon then make sure to contact Facebook customer care.
Also, the first time you make any payment, you would need to provide funding information.
Submitting this information is very easy while you go through the payment process. You can also alter the funding process by updating your payment settings.
During the transfer, you will either make use of your debit card number or your PayPal account.
How to Receive Money With Facebook Pay
Receiving money via Facebook messenger is also easy and free.
When a friend sends you money via the Facebook messenger, you will be sent a notification by Facebook immediately.
If you have a Paypal or debit card associated with your Facebook account, your money will immediately be sent into any of them.
In a situation where you don’t, then Facebook will have you provide these details to them, and then your money wired to you.
Please note that it may take a while before your money is seen in your local bank.
That’s all on Facebook pay. If you like this article, please share it using any of the share buttons below.