Does Facebook pay have a limit? Like all other recently released Facebook features, Facebook pay is limited to certain regions. This means Facebook pay has not been released in some countries or regions yet. Thus users in those regions cannot access or use the feature to run any transaction.
Then there is also the question of whether Facebook pay set down limit on the amount of money you can send or receive using its services. Most online money transfer services or e-wallet services have varying set transfer limit, why shouldn’t Facebook have?
Let’s find out, shall we?
Does Facebook Pay Have a Transfer Limit?
The Facebook e-wallet system allows Facebook users to send and receive money within the Facebook app as the feature can be found in the Facebook app for IOS or Android devices. It also doesn’t support international transfers. This implies you are going to have to stick to sending money locally while using this service.
Facebook hasn’t really published any limits on the amount of money one can transfer or receive while using Facebook pay may be because the service is relatively new. Facebook on releasing the feature made it clear that it was solely for peer to peer payment.
While it is unlikely that any Facebook user will use Facebook pay to make huge transactions, Facebook has limits in place to caution such users. Moreover, the maximum amount of money that can be transferred via this tool is $9,999.
Does Facebook Pay Charge Fees For Using It Service?
The answer is a straight no. Facebook pay is free to use given that you have a Facebook account although without a Facebook account you will not be able to access Facebook pay.
The service is mainly for transactions between closely related individuals and can help with issues like bill splitting, little payments, random money sending and so on. Therefore it makes sense that its free.
Is Facebook Pay Safe?
Facebook pay was released in 2015 and since then there have been little or no reports about the security breach of any sort from users. Even when there are, it’s as a result of carelessness from such users.
Be cautious with your Facebook pay details, do not click on unknown links, do not offer to send money to people you do not know, and do not give people access to your device, Facebook, or Messenger account.
No matter how secure Facebook pay might seem, there are bound to be one security issue or the other like almost every other online money transfer service out there. However since Facebook pay supports more off simple transactions, its payment platform might be the least troubled by security problems.