Fast and secure financial transactions . That’s what the WhatsApp payment system promises. Whether between regular users or for paying company bills on WhatsApp Business.
Image representing online financial transactions
WhatsApp is used by more than 2 billion users worldwide. At first, it was just a messaging app. However, the company recently launched a feature that allows people to make payments and transfers during a conversation. In this context, Brazil took the lead and was the first country in the world to make the service available.
Image showing an example of a transfer made via WhatsApp
In this article, we will explain how WhatsApp Pay works and how it promises to make the lives of people and companies more practical.
WhatsApp Pay: what is it?
WhatsApp’s new feature is an online payment service within the messaging app. However, the activation of the function, which can be used directly in the chat window, will be gradual.
First, let’s understand the idea behind country email list WhatsApp Pay. It is directly linked to the globally widespread concept of automatic and agile electronic payments. Like Pix, for example.
This is undoubtedly a major step forward for companies and individual entrepreneurs who use the app as a form of customer service. In this sense, the payment option will allow them to boost sales with a quick, secure and formal option via WhatsApp.
But be careful, only people aged 18 or over and with a prepaid card, a debit card or a multiple card with a debit function issued by one of the participating banks or partners are eligible to use Facebook Pay and to send and receive money via WhatsApp.
How do WhatsApp payments work?
Everything is done in the chat window generate more leads and sales environment that users are already familiar with and has the characteristic simplicity of WhatsApp.
First, both regular users and Business accounts will need to register their payment information with Facebook Pay. This step is necessary so that the data is saved in the central database: the same place that records information for billing sponsored links, Facebook ads and Instagram ads.
Once you have registered, the rest of the process south africa numbers is automatic. However, to make a payment or transfer, you will be asked for a six-digit PIN code to confirm your identity. It is a kind of password, like those on bank cards.
Furthermore, depending on the Smartphone, identity confirmation may be done via biometrics, eliminating the need to type in the code.
What are the advantages of this service for businesses?
WhatsApp Pay offers a number of advantages in terms of making financial transactions easier and simpler. Since you use WhatsApp’s own chat window for the procedure, you don’t need to use banking apps, making everything faster and more functional.
In terms of security, just like a credit card security code, there is a PIN. An authorization system for protection without making the procedure time-consuming.