The newest service of Facebook will start soon; using this service, money can easily and quickly be transferred to our acquaintances through the messaging application. But the new function will currently be utilized in the United States only.
This innovation will widely spread among the users of the application, probably due to its comfortable and simple use. It is necessary to push a button only a few times in order to start the transfer within the application. Clicking first on the “Dollar” sign (next to the “Like” sign) that appears in the chat window, and pushing then the “Pay” button after selecting the amount, the amount entered by us has already been sent. Certainly, before taking these steps, bankcards of both parties must be registered into the service. From then on, receiving of the money will also function smoothly.
It is known from the statement of Facebook that this option will be available by using a Visa or MasterCard debit card issued in the United States. In the U.S.A., however, it will be accessible on both the Android- and iOS-based devices and the desktop computers.
The use of the functions for sending and receiving the money will be highly secure according to Facebook, since a whole team of bank security experts will continuously monitor the transactions in order to filter out misuses. After the card registration, entering of a unique PIN code or using of the Touch ID ensures that the transfers will be even more secure. It is important to note that this process will be absolutely independent of the Facebook network.
This service is expected to start within a few months in the United States, and no information is yet known regarding the further expansion. Practically, there is no doubt that this Messenger function would spread in Hungary as well. In addition to the continuously increasing number of our payment options, in our fast world there would also be the same demand for this money transfer mode in Hungary, mainly due to its quickness. Presumably, it would especially be popular among young people who would use it to send smaller amounts only. Success of the similar money transfer services does not primarily depend on the technical implementation, but the extent of the commission charged for the transactions. In fact, the today’s modern techniques are still based on the 30-year-old card systems. The breakthrough is expected in and due to this in the near future by the spread of digital money.