Facebook may soon announce friend-to-friend payments on Messenger

Facebook may soon announce friend-to-friend payments on Messenger

The system has not yet been introduced, but recently leaked screenshots suggest that Facebook is getting close to that point.

Facebook Messenger has not exactly experienced the most positive reputation thus far. On the contrary, many Facebook users are still upset that they were required to download a second Facebook mobile app in order to exchange instant messages with their friends.

According to a report from Tech Radar, though, Facebook is blazing ahead with new plans for Messenger, regardless of the backlash. Currently, the social media company is in the process of preparing a new friend-to-friend payment system for Messenger. The system has not yet been introduced, but recently leaked screenshots suggest that Facebook is getting close to that point.

Like other electric payment methods, Facebook Messenger will require users to to register a debit card with their accounts. Those users will also need to input a security pin code, to make sure that anyone with their phone cannot simply transfer money to a new account.

This new discovery sheds a lot of light on what Facebook may have been going for by unveiling Messenger in the first place. Facebook even named David Marcus as the head of Messenger recently. Marcus, of course, is an ex PayPal president.

Still, there are kinks that Facebook has to iron out, which might explain why the company has not yet launched the payment method. For one thing, users will want to make sure that there is plenty of security in place before connecting their bank accounts to Facebook. This is particularly true given the fact that most users have a negative opinion of the Messenger app going in.

The other issue is how Facebook will be able to turn the friend-to-friend payment system into anything other than a money loser. The person who leaked the screenshots speculated that each transaction could cost the social media company between $40 and $50. That means that users will almost certainly have to pay some sort of fee to use the system, but Facebook will still have to make it affordable or users will simply pass it by.

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