Published: Sun, October 22, 2017
Research | By Derrick Holloway

You can now send and receive money with PayPal in Facebook Messenger

You can now send and receive money with PayPal in Facebook Messenger

To date, over 2.5 million users have linked their PayPal account with Messenger, PayPal says, and that number is expected to grow with today's news. "Whether it's splitting a bill for a cab ride or a night out, paying for your share of the rent, or making sure you get paid back for mom's birthday present, PayPal makes exchanging money between friends and family simple", the company said in a statement late Friday.

PayPal has announced that they've expanded their collaboration with Facebook by adding their service for P2P payments in the social networking giant's Messenger application. Yes, Facebook Messenger lets you send money through PayPal to your friends and relatives who are there in your Facebook.

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Facebook Messenger initially introduced the payment service option inside the App in 2015 which allows users to transfer money to their friends using a debit or credit card. For the operation to work, all you have to do is simply tap on the "+" icon which will bring up a green payment button.

The move makes sense for PayPal, which already processes over $80 billion in peer-to-peer payments - the kind of payment method popularized by PayPal-owned services such as Venmo.

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PayPal joins businesses ranging from Bank of America to Burberry with bots on Messenger.

This PayPal bot will assist people in having helpful interactions with the customer service for jobs like resetting passwords, help needed for payments or refunds issues and handling account related queries. Trulia's bot, for instance, serves up rental listings to users who put in their zip code and price range, while Kayaks bot helps Messenger users find flights, places to stay and rental cars. You can access the feature the same way you'd pay with a card.

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This feature is at present only available for the United States and only accessible to the users of iOS. However, it will soon be available for Android users too.

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