Facebook messenger will let you transfer money to others

Most of the people irrespective of ages, people are using Facebook for a long time. Of course, Facebook forced to use messenger to chat with other people. It's the other way. But, Mark Zuckerberg gave a good chance for you to transfer money from messenger. Surprised right....??? So, let's see, how to use and the safety measures to be taken while transferring money.


Facebook users can now send money to another through the company's standalone messaging app, messenger.


How to use it...???

Users can tie their debit card to their Facebook in order to pass money through messenger. The messenger app now includes a small " $ " icon above the keyboard which opens a payments screen where users can type the amount they wish to send.

What the Facebook is doing for you...???

The money is then transferred through Facebook, which holds the money for " seconds " before sending it along to the other user's bank, according to the Facebook product manager Steve Davis. If the recipient doesn't have a card attached to his or her account, Facebook will hold money until they've set one up.


                                                        



Competitors :

As Facebook is recently added this transferring money feature, other companies like Venmo, Square and even Snapchat which is started recently in November, last year are all became a competitors for Facebook. But, as the Facebook is a high social network, no one beats this company.


Steve Davis Words :

He is the product manager in Facebook. He said, " we realized that there were all these conversations ( on messenger ) that were forced to go somewhere else in order to actually finish it. You've to go another platform to actually pay another person ".


Database :

To handle the actual money transfers, Facebook built its entire system in house. That means that debit card info will be housed on Facebook Servers.

The company has stored data like this for years already when people pay for games or gifts through the platform.


Safety measures :

You know already that, hackers are easily finding victims passwords to retrieve the online banking password and gaining their money.

But, Facebook did add extra safety for messenger payments : A user PIN or TOUCH ID, if the user is on the iPhone, no payment can be sent without that PIN, which the user will create when they set up their account ( or with the thumbprint scan ).


Why this is introduced in Facebook...???

May be you think that, Zuckerberg is going to take money ( tax ) from you. But, No transaction fee to pass money to another user. To manage this transactions, Facebook hired " David Marcus ", from the PayPal's company.
Facebook is just providing the need for you to transfer money to others.


Final Words :

I hope you understand all these process, but you've to be careful while sending the Money to other people ( typing correct transaction, adding your card, etc..., ) So, from now don't reveal your Facebook password. It is risk for your life..

Friendsy app for students is better than Facebook

Of course, Facebook, Twitter, LinkedIn are the top most social networks for connecting the world. But, we don't know the persons who are added by you may be a fake persons. For example, if I created a fake account on Facebook or twitter by giving my designation as software engineer. People from different places, may think I'm a software engineer and start sending friend requests and following me. In this way people can make friends and may create problems in future.

Particularly, this is the case mainly in students. Then can attracted by these fake accounts easily. Facebook failed in this condition.

To give more accurate and trusted persons for students, the two students from Princeton university developed an app. And also you can get connected with friends from different universities and can gain good knowledge regarding subjects.


How this app useful...???

Friendsy app which is launched national wide, aims to connect college students. It'll help for you in the cases like...,.

1. Making Friends
2. Date
3. Hook Up


How many people are using...???

Friendsy launched on about 40 campuses before its national launch. With in 2 weeks, the app raises to more than 45,000 users.


Need to install...???

To use this app, it is essentially tinder meets vintage Facebook. You need a " .edu " email address to sign up.


How to select users...???

He app allows users to swipe through profiles, swiping left to discard someone. But rather than simply swiping right to match with someone, users select if they want to friend, date or hook up with another college student.

You can filter profiles by school, gender, year, major or group. When you logon, you can decide to be seen only on your campus or on other campuses as well.


How we can trust people...???

The app also have " hint " feature, where users can give hints to people they want to match with to increase their chances of being matched back.

It is closely monitored to only include positive comments about individuals.

You can send anonymous invitations to other friends. By inviting them, people can easily understand that, you are a particular university students.

ChitChat :

Like the Facebook, you can also chat with the friends in this app. Because, the app additionally has a function called ChitChat, which matches you with a random student who is also currently online and allows you to have a live chat with him or her.

Users :

Friendsy now has more than 50 users at more than 70 American campuses. The average user spends about 26min on a friendsy in a given session.


Final Words....!!!

As we are logging in with .edu account, no person can cheat us. We can make friends with the people from different universities. And you can share knowledge as a student.

To get the app, go to play store and just type " Friendsy ", then download and use it.. Connect with the amazing world....