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Facebook has introduced a method of transferring money known as Facebook Pay in several countries, but not yet in Australia. Luckily, there are several easy alternatives already in place for you to use with your friends.
Facebook Pay is a service introduced by Facebook to allow people to instantly transfer money to their friends or pay for items. It's accessible via Facebook, Messenger, Instagram and WhatsApp in some countries, but is not currently available in Australia.
There has been speculation about when Facebook Pay may be unveiled in Australia, especially after Facebook got an Australian patent for peer-to-peer Messenger payments in 2017. But for now, there is no set release date or confirmation that it will be released.
Fortunately, if you need to pay back a friend or split a bill, there are several other convenient payment methods available for Australians. These include:
Facebook Marketplace doesn't actually have an inbuilt payment system in Australia, unlike some other countries. This makes it a somewhat risky proposition. Facebook recommends that you arrange a payment in cash or by bank transfer to pay for a Facebook Marketplace item, but you must arrange it yourself with the seller.
It's worth noting that Facebook's payment protection policies don't apply in Australia, and there's no money-back guarantee if you get scammed, unlike other marketplace sites such as eBay.
Keeping your financial details safe on Facebook is much the same as with any other online platform. Here are a few general tips:
Using Facebook Pay in a country where it is supported is fairly simple.
If Facebook Pay is available in other apps like WhatsApp or Instagram, you can set it up separately in those apps. In Messenger, you can send or request money from a friend by hitting the "$" sign on the bar along the bottom. Then, you can enter in a dollar amount and confirm it.
Pictures: Shutterstock and Facebook
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