how much money can you send through facebook messenger
How much money can you send through Facebook Messenger
Facebook Messenger is a popular social media platform that allows users to communicate with friends and family. In addition to sending messages, photos, and videos, users can also send money to each other using the platform's integrated payment feature. This article will discuss how much money you can send through Facebook Messenger.
Personal Payments
Facebook Messenger allows users to send personal payments to friends and family. The maximum amount that can be sent through personal payments is $9,999. However, it is important to note that there may be limitations set by the user's financial institution or local regulations that could affect the maximum amount that can be sent.
Group Payments
In addition to personal payments, Facebook Messenger also allows users to send money in group chats. This feature is particularly useful for splitting bills or collecting money for a group gift. When sending money in a group chat, the maximum amount that can be sent is $9,999. Similar to personal payments, any limitations imposed by financial institutions or regulations may apply.
Transaction Limits
Facebook Messenger has certain transaction limits that users should be aware of. Within a rolling 30-day period, the total amount that can be sent and received through personal payments is $20,000, while the total amount for group payments is $40,000. These limits apply to all transactions made through Messenger, not just a single transaction.
Security Measures
When sending money through Facebook Messenger, the platform implements security measures to protect users' financial information. These measures include encryption technology to secure data and prevent unauthorized access. Users are also required to enter their personal identification number (PIN) or use biometric authentication, such as fingerprint or face recognition, to authorize transactions.
Conclusion
Facebook Messenger provides a convenient way for users to send money to friends and family. The maximum amount that can be sent through personal payments and group payments is $9,999. However, there are overall transaction limits set by Facebook, with $20,000 for personal payments and $40,000 for group payments within a rolling 30-day period. It is important for users to be aware of any limitations imposed by their financial institutions or local regulations. With implemented security measures, users can feel confident in sending money through Facebook Messenger.
