CURIOSITIES
How to Transfer Money via Whatsapp: See how Easy it is
Whatsapp is one of the most popular social networks in the world. With over 2 billion active users, the platform is used for everything from everyday conversations to shopping and payments. And now, transfer money via Whatsapp It's as easy as sending a text message!
With the launch of WhatsApp for Windows 10, you can now do much more than just chat with your friends. You can also send and receive money via WhatsApp! The main advantage of sending money via WhatsApp is its simplicity.
All you have to do is tap the “Add Money” button on the toolbar and follow the on-screen instructions. Additionally, WhatsApp is integrated with Facebook Messenger, which means you can easily send money to any of your Facebook friends who also use WhatsApp.
How to transfer money via WhatsApp?
WhatsApp is an instant messaging application that allows users to send text messages, images and videos to their contacts. WhatsApp also allows you to make voice and video calls, but these functions are limited to contacts who also use WhatsApp. Starting with version 2.18 of the application, WhatsApp launched a new function called “Money Transfer”, which allows users to send money to their WhatsApp contacts quickly and securely.
To send money via WhatsApp, you will need to have an account with Facebook Payments, which is an online payments platform created by Facebook. To create a Facebook Payments account, you will need to provide your name, email address, and a valid payment method (such as a credit or debit card).
After that, follow the following steps:
- Select the contact where you want to transfer the money;
- On the chat screen, click on attach and then on payments;
- Enter the desired amount for transfer
- Now follow all whatsapp instructions
- Register your card and that's it.
WhatsApp also allows you to send money to other WhatsApp users. However, WhatsApp charges a fee of 2% on the total transfer amount.
Advantages and disadvantages of transferring money via WhatsApp
The new money transfer tool via WhatsApp is becoming more popular with each passing day, and it is natural that doubts arise about its security and efficiency. Therefore, we have gathered here the main advantages and disadvantages of transferring money via WhatsApp so that you can decide whether or not it is worth using this tool.Advantages:
- Practicality: the main advantage of transferring money via WhatsApp is its practicality. It's very easy and quick to send or receive money through the app, you just need to have the recipient's number registered in the contact.
- Security: another important advantage is security. WhatsApp uses the same data encryption system as Facebook, thus ensuring that information exchanged through the application is completely secure.
- Money transfer via WhatsApp is done using the user's debit card and the process is quite simple. However, there are some advantages and disadvantages that users need to consider before using this feature.
- WhatsApp transfer is extremely quick and easy. Simply add the recipient's debit card to the “Payments” section of the app and send the desired amount. The entire process takes just a few seconds.
The first disadvantage is the limited number of transactions that can be made. WhatsApp limits the number of transactions you can make to 20 per day. This could be a problem if you need to transfer more than that. Another disadvantage is the fee charged for each transaction. WhatsApp charges a fee on the transaction amount, which can be a significant cost if you are sending large amounts of money.
Is transferring money via Whatsapp safe?
Since Facebook is one of the most monitored companies in the world, you can rest assured that your information is safe. However, there are some risks involved in transferring money via WhatsApp, especially if you don't take proper precautions.
Even though WhatsApp is a very safe platform, it is important to take some precautions when using it to transfer money. The first and most important thing is to check that the contact you are sending the money to has the same phone number as that in your contact list. Additionally, always confirm the name of the transfer recipient before confirming the sending.
Another important tip is to use the end-to-end encryption option, which prevents third parties from viewing the messages exchanged between you and your contact. This option can be activated in the app settings. Finally, always remember to back up your WhatsApp conversations, as this ensures that you will be able to access them even if your cell phone is lost or formatted.
