Facebook Messenger Payments: Everything you need to know

How to send money to your friends using Facebook Messenger.

Last updated: 9 April 2018 - 5.20pm

Facebook Messenger may have started life as a humble messaging app, but it’s now so much more than that. As well as letting you play games with friends, it now lets you transfer money to them too - which should help if you’re paying them back for last night’s restaurant bill.

So how does it work? Read on for all the essential info.

[Read more: How to play games in Facebook Messenger]

What is Facebook Messenger Payments?

Facebook Messenger Payments set up

Put simply, it’s a way of transferring money to your friends, just like a bank transfer. But instead of asking them for their bank details, you can do it from within Facebook Messenger. You don’t even need to leave the chat to do it.

How does it work?

It’s simple. The first time you want to do it, just enter your bank details. The app will store them for future use, so you never have to enter them again. Then you’re set up to send and receive money. Your friends will have to do the same – enter their details once, then they’re all set up.

Is there a limit?

There is. Each transfer can’t be more than £2,500, and there’s a rolling 30-day limit of £10,000. But if you’re transferring more than that, you’ve got pretty lavish taste.

How long does the money take to transfer?

Up to three business days.

How do you use Facebook Messenger Payments?

Facebook Messenger Payments icon

It’s simple. To send money, tap the blue + icon from within a chat, then tap the green Payments icon. The first time, you’ll have to enter your bank details. Enter the amount you want to send, tap Pay and then add your debit card. And that’s it. To confirm the payment has been successful, you’ll see the amount rain down on the screen.

To receive funds, tap Add Card from within the chat, then enter your card details. And that’s all you need to do. If someone tries to send you money and you’re not set up, the app will prompt you to enter your bank details.

[Read more: Everything you need to know about Facebook Messenger]

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