WhatsApp Payments - How does it work?

In one of its recurring updates, the whatsapp payments emerged as a new tool to make people’s daily lives easier.

However, many still don't know about its use or still have doubts about how to use it correctly. 

WhatsApp is an application that allows you to exchange instant messages over an internet connection.

Additionally, users can also forward files like photos, videos and receive voice and video calls. 

Today, it is almost impossible to live without it. In this way, the whatsapp payments It will play yet another important role in our routine: transferring money.

What exactly is WhatsApp payments?

O whatsapp payments Or else, WhatsApp Pay is a new tool in this messaging application that allows the user to make bank transfers of money within the personal conversations tab.  

This service is now available to all users in Brazil and also in India, which are the main countries that use it.

The service is enabled in the app through Facebook Pay, which is a method authorized by the Central Bank, and is processed by Cielo. 

Through a registration on the platform, it is possible to send and receive money through whatsapp payments, without paying fees.

Furthermore, all transfers are monitored through the messenger app itself. 

How does WhatsApp payments work?

As whatsapp payments, it is possible to make your transfers to another Individual. They are free to run 24 hours a day, any day of the week.

But, to use it, you need to pay attention to some specifications. 

With this, we can say in advance that this service is available to those who register with a prepaid or debit card or dual-purpose cards issued by partner institutions. 

Therefore, for your information, the partner banks of this tool are: Banco do Brasil, Bradesco, Banco Inter, Itaú, Mercado Pago, Neon, Next, Nubank, Santander, Sicredi and Woop (a Sicredi digital account). 

Are there any transaction limits or fees applied to these bank transfers?

Regarding the transaction limit of the whatsapp payments, if you already use a service similar to this in other banks, you know that it is common.

This type of action works mainly to maintain the security of your bank account. 

In the application, the daily bank transaction limit that a user can carry out is R$1 thousand reais, and receives a limit of up to 20 transactions per day.

In the month, the maximum amount is R$5 thousand. Therefore, if the limit runs out, the tool will not work. 

In other words, this is not a payment solution for companies that have a high cash flow.

Its objective is to assist the daily lives of ordinary people and individual workers, who move small amounts of money. 

See how to transfer WhatsApp payments correctly

Now that you know the main points about the whatsapp payments, it's time to check out a small step-by-step guide on how to activate the tool in your application.

To do this, follow the following: 

• When opening a conversation on WhatsApp or in its settings, look for the “Payment” option;
• Choose “New payment”, enter the amount and confirm;
• The app will forward you to the Facebook Pay page, where you must accept some terms of use and service;
• You will then be asked to create a PIN;
• Then, fill in your personal data, such as your full name and CPF;
• Lastly, add a card that meets the aforementioned requirements. Validate the check and confirm;

With that, you finish configuring the whatsapp payments and, the next time you use the services.

With this, you will only need to enter the transfer amount, the PIN and validate your operation for the correct user. 

It is worth remembering that whenever a transfer is made, the history is available both in a “general” tab as well as in the conversation of the person with whom the payment was made.

Whenever a transfer from whatsapp payments is carried out successfully, its status will be “Completed”.

As you use the service, you will notice that there will also be the statuses “Requested”, “Processing”, “Pending”, “Not carried out” and “Expired”. 

Download and WhatsApp and enjoy all its free features 

After checking out this content and learning more about the WhatsApp payments tool, we've put together a small step-by-step guide on how to download the app on your cell phone.

For to go down, first go to your application store, which is the App Store on the IOS system and the Google Play Store on the Android system.

Then, still on the home screen, go to the search field located at the top and type “WhatsApp”, without the quotation marks. 

Once the search result appears, check all the information and, when everything is ok, click on the “Install” option.

The download takes a few seconds but, as soon as it finishes, the app will appear in your cell phone menu as available.