Facebook Messenger’s “Split Payments” aim to organize expenses

–
–
–

Although Facebook Messenger Entry into personal finance is not new, I never really managed to imagine it as a payment platform. It’s more of an inbox than aunts, uncles, and friends of High school is exploding with posts even though I haven’t posted on Facebook in a while. But now it’s getting clearer and clearer Dies world will happily manage my money if i allow it.

The Facebook Messenger team gave a preview of theirs New “Split payments ” Functionality in a News announcement Friday. It’s basically a way to organize and pay for the common expenses you have Friends, roommates, co-workers, or anyone you share your bills with. Similar to apps like Divided, Split Payments allows you to create a joint expense, split the invoice evenly, or change the contribution to suit each person. You also have the option to include or exclude yourself from the costs.

Once all the information is in the app, you can send a request in Messenger to the people you need to pay and receive the payment via Pay on Facebook (the enterprise version of Venmo), and transfer it to your bank account.

“If you’re struggling to split (and get paid for) group meals, shared household expenses, or even the monthly rent, it will soon be easier,” the Facebook Messenger team said in the press release.

The company didn’t provide much detail about the split payments. It appears from the promotional image provided that it is designed for use in Messenger group chats. Person to Person Payments are already possible by Facebook Pay im Messenger, but it is not clear whether in these cases split payment features such as

I’m not going to lie, Facebook, or should I say Meta, toll on privacy, Data-Mining, Gut, everything else don’t really inspire me to give my credit card information to Messenger. Also, as I mentioned earlier, Messenger isn’t positioned that way in my brain. Of course, it’s super obvious that he wants me to trust him with my money, but I have other apps for that. More secure solutions with multi-factor authentication and excellent customer service.

Messenger starts testing Split payments next week for users in the US is offered free of charge. No information has been provided on when the feature will roll out for everyone in the US or internationally.

–