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In October 2014 we informed you that Facebook is working on a service that will allow us to send small amounts of money in Messenger application.

I just received the new FB Messenger function for transferring remittances, informed by ReCode. The application already has a small dollar sign (“$”) at the keyboard, which when pressed will take you to interface payments. The money goes first to Facebook, then transferred to the bank account of the intended recipient. If the recipient does not have a bank card attached to their account, Facebook will keep the money until he register an account.

The new product makes Facebook an immediate competitor to other companies with payments between partners as Venmo, Square and even Snapchat, which launched a similar service in November called Snapcash.

Facebook product manager Steve Davis told ReCode: “We realized that there are calls [on Messenger], in which we are forced to go elsewhere to complete the payment. We have to go to another platform to pay another person .”

Unlike Snapchat, which partnered with Square, to deal with the real money transfers, Facebook built its internal system. This means that information on the debit card will remain on Facebook servers.

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The company already stores such information for years, as people pay for games and gifts through the platform. Payments in FB Messenger are a good way to gather data on more debit cards in case that Facebook decided to further expand the market. Facebook has partnered with Stripe for placing on the “BUY” button.

To have things really sure from Facebook are secured by payments in Messenger user PIN or Touch ID, if you use an iPhone or iPad. Payments can not be made without this PIN, which the user creates himself when registering with your profile. “Consumers will be able to opt out of this service if they so wish,” says Davis.

Service payments will come as a thunderbolt to those who follow Facebook closely. Last summer, Facebook hired David Marcus of PayPal, to manage all Messenger products, and later CEO Mark Zuckerberg hinted that payments are on time.

An interesting fact is that David Marcus said that Facebook does not plan to implement a function for business payments. Now Davies told that the difference between product payments and payments business revenues. “We are not trying to profit from payments” and adds that “Facebook provides many tools as stickers and pictures for that purpose.”

Facebook will not charge users for their transactions. So far, the company will use its new service payments Messenger, to accrue earnings. It is not excluded in the future be able to buy movie tickets or gifts for friends in Messenger application. Steve Davis has refused to comment on the future of the product.

The function will be gradually deployed in the cities in the US and will work in iOS and Android. Work and coverage of locations outside the United States, but there is no concrete data and dates.

https://i1.wp.com/szlifestyle.com/sz/wp-content/uploads/2015/03/sz_facebook-messenger-payments.jpg?fit=640%2C439https://i1.wp.com/szlifestyle.com/sz/wp-content/uploads/2015/03/sz_facebook-messenger-payments.jpg?resize=150%2C150Nicolas T.TECH NEWSfacebookIn October 2014 we informed you that Facebook is working on a service that will allow us to send small amounts of money in Messenger application. I just received the new FB Messenger function for transferring remittances, informed by ReCode. The application already has a small dollar sign ('$') at...