wait , wait, wait… I am still catching my breath here because this is just it. As a Kenyan, we are into mobile money so its actually east to work, order and pay via mobile money but as the days go by and the diversity of your client base grows, you find that you have payments that need to come from geographical areas that offer logistical challenges to prompt payment, so here comes Facebook with a secure payment option that has just invented a new revenue collection idea in my head!
I mean like everyone I know, is on Facebook, so if i offer service or provide product for shipping, then its so cool if we can just clear this payment issue as we chat-Right?
so this is what Facebook posted on their newsroom in regard to this;
Send Money to Friends in Messenger
Today we’re adding a new feature in Messenger that gives people a more convenient and secure way to send or receive money between friends. This feature will be rolling out over the coming months in the US.
It’s easy and free.
To send money:
- Start a message with a friend
- Tap the $ icon and enter the amount you want to send
- Tap Pay in the top right and add your debit card to send money
To receive money:
- Open the conversation from your friend
- Tap Add Card in the message and add your debit card to accept money for the first time
The money you send is transferred right away. It may take one to three business days to make the money available to you depending on your bank, just as it does with other deposits.
A dependable and trusted payments processor for game players and advertisers since 2007, Facebook processes more than one million transactions daily on the site and also handles all the payments processed on Messenger.
Incorporating security best practices into our payments business has always been a top priority. 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. We use layers of software and hardware protection that meet the highest industry standards. 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.
The first time you send or receive money in Messenger, you’ll need to add a Visa or MasterCard debit card issued by a US bank to your account. Once you add a debit card, you can create a PIN to provide additional security the next time you send money. On iOS devices you can also enable Touch ID. As always, you can add another layer of authentication to your account at any time.
The new payments feature is rolling out in the coming months in the US across Android, iOS, and desktop.
This is so cool.
At KayTouch Solutions we will keep track of this new development and make sure we assist ans many people and brands as possible to fully understand and integrate this technology for their own benefit.
- Improving your website structure by using MicroData - January 27, 2021
- Apple’s seismic change to the mobile ad industry nears, and it’sgoing to shift the ecosystem - December 19, 2020
- Apple product and policy changes may significantly limit your marketing efforts - December 19, 2020