In a recent development, PayPal has proclaimed that its partnership with the social networking giant, Facebook to enable P2P payments feature in Facebook Messenger. Through this very feature, a user would be able to send and receive money through PayPal while using Facebook Messenger. What makes this development even more significant is the fact that now sending funds through the Messenger would be as easy as sending a picture.
While speaking about the partnership, PayPal said in a statement:
“The ability to send and request money in Messenger – one of the most widely used apps in the world – gives people more choice and more convenient ways to get things done in different contexts. Whether it’s splitting a bill for a cab ride or a night out, paying for your share of the rent, or making sure you get paid back for Mom’s birthday present, PayPal makes exchanging money between friends and family simple”
Procedure of sending funds
This is how you can send money to anyone:
- Select ‘+’ in a particular chat you want to send money to
- Choose the green ‘Payments’ button
- Enter the amount you wish to transfer
- Press enter
Additionally, a user can also receive the money from anyone via Facebook Messenger.
At present, the feature is available for iOS users and in the U.S. only. However, it will soon be available for Android users too.
PayPal has also launched a customer bot which will essentially escort a user and assist him in sending and receiving funds. Moreover, the utilization of PayPal can also be made in shopping on Messenger and booking rides through various ride-hailing services.
This newest peer-to-peer (P2P) integration introduced by PayPal is expected to be of service to over 1.3 billion monthly users of Messenger internationally, by allowing them to transfer funds on person-to-person basis without having to leave the Messenger app.