Published: Wed, November 08, 2017
Science | By Eileen Rhodes

Facebook Messenger payments roll out for the UK

Facebook Messenger payments roll out for the UK

Peer-to-peer payments have just launched on the Messenger app in the United Kingdom, two years after the feature arrived in the US.

A Facebook spokesperson didn't share details with Recode but also didn't deny the existence of the mobile payment test, which was first discovered on November 3 by The Next Web's Matt Navarra.

David Marcus is the head of Messenger at Facebook, and he explained that most people in the U.S. use the service to send less than $50 per transaction and it is mainly used during social situations.

It further added: "Plus, since payments in Messenger use debit cards, as with any other debit card payment, if there are unauthorized charges, people have recourse with their bank".

Facebook Messenger P-to-P payments also have a long way to go in the USA before they are successful.

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To send money through the free new feature, users press the blue plus symbol within a chat and select the payment option. Also, India is one of the most important markets for the social network and such a service may add few more active users to its kitty.

David Marcus is the head of Messenger at Facebook and a senior executive there.

From there, users can tap the Pay button and add their debit cards. Skype lets users in almost two dozen countries send cash within its mobile app via PayPal and PayPal has a bot that let's you send money within Slack.

Because the service is not a direct bank-to-bank offering, it is not part of the Faster Payment scheme, which could mean 1-3 days wait before money is in the recipient's account - though, we're assured it is not "simply resting in Facebook's account", Father Ted style. They link their account to their debit card and can request payments to friends in seconds by messaging them and entering... "Finally, Messenger payments are offered as a regulated payment service, meaning they're directly subject to consumer protection requirements". According to recent survey of almost 4,000 USA consumers by 451 Research, just 1% of them had used P-to-P payments in Facebook Messenger - less than Venmo, Square Cash, Google and FI payment solutions such as Zelle.

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