How to receive money through WhatsApp?

How to receive money through WhatsApp - briefly?

To receive money through WhatsApp, you need to use a payment service integrated with the app, such as WhatsApp Payments in India or Novi by Meta (formerly Facebook) in other regions. The recipient will need to have their bank account linked to the payment service for successful transactions.

How to receive money through WhatsApp - in detail?

To receive money through WhatsApp, you need to use the payment feature integrated into the app. This functionality is available in certain countries and requires both sender and recipient to have compatible bank accounts or digital wallets linked to their phone numbers. Here’s a step-by-step guide on how to set up and use this service:

  1. Update Your WhatsApp: Ensure you are using the latest version of WhatsApp, as the payment feature is only available in updated versions.
  2. Check Availability: Verify if the payment feature is supported in your country by visiting the official WhatsApp website or consulting local news sources.
  3. Link Your Bank Account or Digital Wallet:

    • Open WhatsApp and navigate to the "Settings" menu.
    • Look for the "Payments" option (this might be under different names depending on your region, such as "WhatsApp Payments").
    • Select your bank from the list of supported banks or digital wallets.
    • Follow the prompts to verify your account details. This may involve entering a verification code sent by your bank via SMS.
  4. Receiving Money: Once your bank account is linked, you can start receiving money:

    • Open any chat with the person who wants to send you money.
    • Tap on the "Attachments" icon (usually represented by a paperclip) next to the text input box.
    • Select the "Payment" option from the list of attachments.
    • Enter the amount you wish to receive and confirm the transaction.
    • You will receive a notification once the money has been successfully transferred to your linked bank account or digital wallet.
  5. Security Tips: To ensure the security of your transactions:

    • Always use WhatsApp's official payment feature and avoid any third-party apps or services claiming to offer similar functionality.
    • Double-check the amount and recipient details before confirming a transaction.
    • Keep your WhatsApp app and device software up to date to benefit from the latest security features.

By following these steps, you can easily receive money through WhatsApp in a secure and convenient manner.