How to Send & Receive Money by WhatsApp in India
With over 2 billion active users, WhatsApp has become one of the world’s most popular messaging apps. Several features have been added to the app over the years. This feature, which is only available in a few countries, allows users to send money to relatives and friends as well as make payments to companies. Money can be sent over WhatsApp using the platform’s payment feature. This tutorial will go through how to send and receive money by WhatsApp.
Sending Money through WhatsApp
Sending and receiving money has become an essential part of our daily life in the digital world. With the development of technology, several digital payment options are now available in the marketplace. The WhatsApp payment function is one such way. This feature is a revolutionary method of sending and receiving money that is both convenient and secure.
You need a bank account linked to your WhatsApp account in order to send money over WhatsApp. Here are the steps for sending money over WhatsApp:
Step 1: Open WhatsApp and navigate to the chat of the person to whom you want to send money.
Step 2: Choose “Payment” from the attachment icon (paperclip icon).
Step 3: Add the amount you wish to send and add a message if desired.
Step 4: Confirm your payment by using your UPI PIN (Unified Payments Interface Personal Identification Number).
Step 5: The money will be completed, and you will be notified by a confirmation message.
Things to Keep in Mind
Here are some factors to consider while sending or receiving money over WhatsApp:
- This feature is currently only available in selected countries.
- Both the sender and the recipient must have bank accounts linked to their WhatsApp account.
- WhatsApp does not have any charges for sending or receiving money.
- The UPI PIN is a 4-6 digit code that you set with your bank in order to approve transactions. Keep this PIN safe and do not disclose it to anybody.
- Payments cannot be reversed, so make sure you enter the right amount before confirming the payment.
- If you are having trouble sending or receiving money using WhatsApp, contact your bank for assistance.
Benefits of WhatsApp Payment Feature
Using the WhatsApp payment function has several advantages:
Convenience: The WhatsApp payment option is quite useful for users who like to pay using their phones. To make payments, they do not need to visit a second app or website.
No fees: Making payments using WhatsApp’s payment feature is free of charge. However, Users may be charged by their bank or card issuer.
Fast: The payment feature is quick, and money is transferred quickly. Users do not have to wait for the payment to be completed for several hours or days.
Secure: The payment feature is safe because it uses end-to-end encryption, which ensures that only the sender and the receiver have access to the payment information.
Availability: The WhatsApp payment feature is available to everyone who haas a WhatsApp account, regardless of location or device.
Conclusion
Sending and receiving money over WhatsApp is a handy option to pay friends, family, and companies. You may safely and conveniently send or receive money by following a few easy steps. Yet, it is important to remember the points indicated above in order to ensure a seamless and safe transaction. If you have any more questions or concerns, please contact your bank or WhatsApp customer service.
Overall, the WhatsApp payment function is a game changer that has revolutionized the process of sending and receiving money. It represents a step towards a cashless economy and a future in which digital payments will be the standard.
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