Facebook Messenger has supported sending money for a bit of time now, with group payments getting support earlier this year.
But if you use PayPal to manage payments and other online money-related needs, then this latest announcement may be just for you. Today, PayPal and Facebook announced that their combined efforts are expanding to handle peer-to-peer money transfers. Messenger has supported PayPal for online purchases since last year, so this is indeed a natural extension of the partnership and a logical next step.
Facebook Messenger and PayPal allow for direct one-on-one transfers to a contact. According to PayPal, the feature also supports group chats, which it says will help handle bills and more. To make it work, there is a new blue “+” icon, that, when pressed, will bring up a green payment button. Once a user touches that, simply follow the onscreen instructions to send money.
“We’re excited today to announce an expansion of our relationship with Facebook with the addition of PayPal as a funding source for peer-to-peer (P2P) payments, right in Messenger. People will have the option to send and request money using their PayPal account, and this integration in Messenger is starting to roll out to U.S. consumers today.”
If a user does have multiple means of payment attached to their PayPal account, from credit/debit cards and bank accounts, the user will be able to choose which one they want to pull from to send funds to their desired recipient.
What’s more, there is a new PayPal-specific customer service Messenger bot that will begin rolling out today as well. With it, Messenger users and PayPal account holders will be able to get support for their account without leaving the Messenger app. This will even let users reset their password if they feel the need to.
Facebook and PayPal P2P money transfers arrive ahead of Apple’s own effort, called Apple Pay Cash. The company showed it off earlier this year as part of features built into iOS 11, but, since then, iOS 11 users have been left waiting for the feature to arrive. It’s unknown when Apple plans on launching it, but rumors have suggested it could arrive with iOS 11.1.
Do you think you’ll use the new P2P feature in Facebook Messenger from PayPal?
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