• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home General App

You could be sending money to friends soon using Facebook messenger

Martin Odinuwe by Martin Odinuwe
October 6, 2014
in App, Commerce, Enterprise, Internet, Mobile
Share on FacebookShare on Twitter

So according to hacked screenshots by Stanford computer science student Andrew Aude. The story here is that payments would be send the same way you can now send a photo. A debit card would be added to your Facebook profile. Facebook will also give you the opportunity to add a PIN for extra security.

aude

Aude told TechCrunch how the payments work (at least so far):

Aude played around the with feature and its code. He tells me you simply hit a button to initiate a payment, enter the amount you want to send, and send it. Facebook keeps the transaction private and doesn’t publish anything about it to the News Feed.
In the version Aude investigated, Messenger payments only worked with debit cards, not credit cards or bank accounts. That’s likely because money transfers are cheaper to process when they come from debit cards and don’t require approvals or numbers some people don’t know off-hand like connecting a bank account. Aude speculates that “based on my understanding of the debit interchange rates, each transaction will cost roughly $0.40 to $0.50 (Durbin swipe fee + ACH fee). The app didn’t mention a fee to end, so it’s probably free, at least initially. Over time they might add a $1 fee.” This can’t be confirmed, though.

 

Related Posts:

  • twitter-payments
    Twitter Pay? Elon Musk Applies To Get Payment…
  • 631099b5df75a62dc60fc961_33
    Have A Business? Use This App For Payments
  • WhatsApp-Video-Messaging_Header
    Meta Introduces In-Chat Short Video On WhatsApp —…
  • WhatsApp Rolls Out New Feature Called 'Message…
  • Meta's Parental Control To Give Visibility Into Teens Social Media
    Meta's Parental Control To Give Visibility Into…
  • Zazuu, An Africa-focused Fintech, Secures $2 Million In Funding To Scale Its Operations
    Zazuu, An Africa-focused Fintech, Secures $2 Million…
  • Nigeria's Payment Platform Abeg Rebrands Into Social Commerce Platform Pocket By Piggvest
    Nigeria's Payment Platform Abeg Rebrands Into Social…
  • With So Many E-Wallet Options, Which One Is Best For You?
    With So Many E-Wallet Options, Which One Is Best For You?

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Martin Odinuwe

Martin Odinuwe

I am Martin Odinuwe, a logo identity designer, Graphic designer, Video editor and a professional videographer based in Abuja, Nigeria with over five years experience. I am currently a consultant with Reachout Multiservice company ltd a multimedia company in Abuja

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1 May 9, 2025
    • Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges May 8, 2025
    • Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo May 8, 2025
    • Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier May 8, 2025
    • WhatsApp Developing AI Chat Wallpapers & Message Summaries May 8, 2025
    • Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts May 8, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (466) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (835) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    May 9, 2025
    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    May 8, 2025
    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    May 8, 2025
    MTN Recovers ₦32 Billion in USSD Fees

    Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier

    May 8, 2025
    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    May 8, 2025
    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    May 8, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok