Published: Wed, April 12, 2017
Electronics | By Lorenzo Hawkins

Advertising, Not Payments will Drive Facebook's Messenger Revenue

Advertising, Not Payments will Drive Facebook's Messenger Revenue

Facebook has gradually been improving the features for group chats over the past few months and it's now bringing the ability to transfer money in group chats to Messenger.

Like Venmo, sending payments in Facebook Messenger is free, however Venmo only offers group payments in beta at the moment.

Facebook suggests the new feature would be useful for groups where everyone is chipping in on a purchase - like a group gift - or are splitting a restaurant bill.

To make use of this service, simply tap the plus sign in the bottom left hand side of the group conversation.

For the last couple of years you've been able to send and receive money on Facebook Messenger, but you've only been able to make those transactions between you and another person.

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A message will be displayed in the conversation showing who in the group chat has paid. Furthermore, the use of this feature is free. You can choose to request the money from all members of the group or choose only certain members. So for example, if you are collecting the money for a movie on a Sunday night, you can request $20 from each member of the group in Messenger. You can also see the full details by viewing them in full-screen mode.

The feature was first made available today (April 11) only on Android phones or via desktop for U.S. users, so it's not available for all Messenger users just yet.

Payment is a vital feature of a messaging app. Snapchat and WeChat have already supported in-app payments.

The app now allows users to play a number of classic video games within the service, with more than 15 games, including Pac-Man, Space Invaders and Track and Field, with more titles expected to arrive soon.

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