Finally WhatsApp has launched a better way of online payment in 2020
You can now send and receive payment via WhatsApp if you're leaving in this country.
This payments are enabled through Facebook Pay, the parent company Facebook, also said last year, that this payment method will be rolled out to Instagram, Messenger, Facebook, and eventually WhatsApp.
The WhatsApp payment system was supposed to be launched in the fourth quarter of last year but was postponed. Thank God, it is available now,we're you can now send and receive money through WhatsApp securely within your chat with friends, families, and businesses if you live in Brazil for now.
WhatsApp says that payments services will be free
- which currently is free for consumers using it. (that is, no commission fee taken) but businesses pay a 3.99% processing fee to receive payments
- the payment services will be completed by a way of a six digit PIN or fingerprint to complete transactions.
According to WhatsApp, the payment was built with security, and a six digit PIN or fingerprint will be required before transactions can be completed. This will prevent unauthorized transactions.
At the moment, WhatsApp payment is supported by Visa and Mastercard debit and credit cards from Banco de Brasil, Nubank, and Sicredi. WhatsApp also says it is working with Brazil’s leading payments processor, and has built an open model to make it easy for more partners to join in the future.
The service is already rolled out to users and should arrive for everyone in the upcoming weeks.
No words yet on when the payment feature will be rolled out to more countries but we are hoping it will roll out to all other countries soonest.
I think this will be a better alternative to PayPal, Payza and others. Kindly drop your comments below and share the post via the below share buttons.