Meta Pay, formerly Facebook Pay, is an online payment service on any of Meta's sites, including the Facebook Messenger app, Instagram, and WhatsApp. The Meta Pay button also appears as a payment option on other websites, but its primary function is to help users of Meta's social sites send and receive money from online friends and groups.

Meta (META), formerly Facebook, launched its social network in 2004, and its features have expanded significantly.

Meta and Facebook

When Facebook launched, it was a tool for college students to link profiles, hence the term 澳洲幸运5官方开奖结果体彩网:social network. The site did not produce revenue and its initial funding came from venture capitalists. In 2023, Meta platforms including Facebook and Instagram brought in about $134.9 billion in revenue, mostly from advertising sales. Only Google makes more money selling ad space online.

In 2019, Facebook allowed users to send money to friends and business associates using Facebook Messenger, the site's instant messaging component. The site requires users to have a major credit or debit card or an account with PayPal or ShopPay. Meta acts as a conduit between your bank and your friend's bank, channeling the money from one to the other.

How It Works

Meta Pay can be used to donate to charity, make in-game purchases, buy event tickets, make person-to-person payments, and buy goods on certain Pages and businesses on Facebook Marketplace. Meta Pay is available through the Messenger mobile app but can no longer be accessed at Messenger.com.

Users open 😼a new or existing Facebook Messenger conversation with the friend to whom they wish to send money. An icon with a dollar sign appears at the bottom of the screen. Users tap or click that icon and prompts them to enter the amount of money they wish to send.

Most major credit cards are accepted, as is PayPal. Users enter the card number, expiration date, 澳洲幸运5官方开奖结果体彩网:validation code, and billing zip cꦍode. The site stores debit card information, so users do not enter it each time they use Meta Pay. Users click or tap the Pay button to🔯 complete the transaction. The app transfers the funds to the friend immediately. Users should see the money deducted from bank account balances on the same day.

Receiving Money

When a friend sends money to another, they receive a Facebook notification. If payment information is already stored in the app, the money is transferred instantly. Users who haven't stored payment information on Meta Pay will be prompted to enter the information.

Though the money is transferred instantly, it may take a day or longer to appear in a receiver's available balance depending on the bank. Banks maintain different hold time rules for electronic deposits.

The Bottom Line

Meta Pay is an easy and free way to instantly send or receive cash among a circle of friends and associates using Facebook, Instagram, or WhatsApp. Users can use 🎉credit or debit cards or services like PayPal to make se🦋cure transactions.