Ever heard of WhatsApp Pay? It’s a feature on the messaging app that lets you send and receive money. You know, everywhere we go, everything we purchase is done through some type of electronic payment. Even our morning cup of coffee is purchased using our debit or credit card. So, it’s no surprise that WhatsApp would want in on the action too! Here’s everything you need to know about WhatsApp Pay, including how it works, if it’s safe, and more!
WhatsApp Pay is a feature that allows you to send and receive money using the messaging app. You can add your bank account to WhatsApp and then send money to your contacts. The recipient must have a bank account linked to their WhatsApp account to receive the money.
You can also remove your bank account from WhatsApp Pay if you no longer want to use the feature.
Read on to learn about all these features in detail, as well as my personal experience with WhatsApp Pay!
Whatsapp Pay
Whatsapp Pay is a digital payment system that allows you to send and receive money through the Whatsapp application. You can use Whatsapp Pay to pay for goods and services or to send money to friends and family. In order to use Whatsapp Pay, you must have a bank account with a supported financial institution, and you must link your bank account to Whatsapp. Whatsapp Pay is available in India and Brazil for now.
With Whatsapp Pay, you can send money to anyone in your Whatsapp contacts list. The recipient will need to have a bank account linked to their Whatsapp account in order to receive the money. When you send money through Whatsapp Pay, the recipient will receive a notification informing them that they have received the money. The notification will also include information on how to claim the money.
How Does Whatsapp Pay Work?
Whatsapp Pay uses your phone’s internet connection (Wi-Fi or your data plan) to send and receive money. When you set up Whatsapp Pay for the first time, you will be asked to enter your bank account details. Once you have entered your bank account details, you can send and receive money through Whatsapp Pay.
Once you have set up Whatsapp Pay, you can go on to the Whatsapp application and start a chat with the person you want to send money to. You can also create a group chat and add the people you want to send money to.
Both the sender and recipient need to have Whatsapp Pay set up on their phone to send or receive money.
Is Whatsapp Pay Safe?
Whatsapp Pay is a secure way to send and receive money. Your bank account details are encrypted, and only your contacts who also have Whatsapp Pay will be able to see your bank account details. In addition, Whatsapp Pay uses two-factor authentication to verify your identity when you send or receive money.
Two-factor authentication is a security measure that requires you to enter a code that is sent to your phone when you try to send or receive money. This code helps to verify that it is you who is trying to send or receive money. So even if someone knows your password, they will not be able to go through your Whatsapp Pay.
Whatsapp Pay is a secure way to send and receive money, but you should still take care when sharing your bank account details with others. Only share your bank account details with people you trust, and never share your bank account details with anyone you don’t know.
How to Add Your Bank Account to Whatsapp
In order to use Whatsapp Pay, you must have a bank account with a supported financial institution, and you must link your bank account to Whatsapp. Adding your bank account to Whatsapp is the basic process of setting up Whatsapp Pay. It’s, in fact, a pretty simple and straightforward process that only requires you to have your bank account number, IFSC code, and UPI PIN handy.
Here are the steps you need to follow in order to add your bank account to Whatsapp:
Step 1: Open Whatsapp
Firstly, you need to open the Whatsapp application on your phone.
Step 2: Tap On The “Menu” Button
Once you have opened Whatsapp, you need to tap on the menu button. The menu button is the three dots that are located in the top right-hand corner of your screen.
Step 3: Tap on “Settings”
When you have tapped on the menu button, a list of options will appear. From this list, you need to tap on Settings.
Step 4: Select Payments
After you have tapped on Settings, another list of options will appear. From this list, select the Payments option.
Step 5: Tap on “Add Payment Method”
Once you have selected the Payments option, you will be taken to the payments settings page. On this page, you need to tap on “Add Payment Method.”
Step 6: Select Your Country And Currency
When you have tapped on Add Payment Method, a list of countries and currencies will appear. From this list, you need to select your country and currency.
Step 7: Enter Your Bank Account Details
After you have selected your country and currency, you will be asked to enter your bank account details. You will need to enter your bank account number, IFSC code, and UPI PIN.
Step 8: Tap On Verify
Once you have entered your bank account details, you need to tap on the Verify button. Whatsapp will then verify your bank account details.
After you have followed these steps, your bank account will be successfully linked to Whatsapp Pay, and you will be able to send and receive money through Whatsapp.
How to Remove Your Bank Account from Whatsapp
Are you not happy with Whatsapp Pay? Do you want to remove your bank account from Whatsapp? If so, then you can follow the steps below to remove your bank account from Whatsapp.
Step 1: Open Whatsapp
Firstly, you need to open the Whatsapp application on your phone.
Step 2: Tap On The “Menu” Button
Once you have opened Whatsapp, you need to tap on the menu button. The menu button is the three dots that are located in the top right-hand corner of your screen.
Step 3: Tap On “Settings”
When you have tapped on the menu button, a list of options will appear. From this list, you need to tap on Settings.
Step 4: Select “Payments”
After you have tapped on Settings, another list of options will appear. From this list, select the Payments option.
Step 5: Tap On “Remove Bank Account”
When you have selected the Payments option, you will be taken to the payments settings page. On this page, you need to tap on “Remove Bank Account.”
Step 6: Confirm Removal
After you have tapped on Remove Bank Account, you will be asked to confirm the removal of your bank account from Whatsapp. If you are sure that you want to remove your bank account from Whatsapp, then you need to tap on the Remove button.
Your bank account will now be successfully removed from Whatsapp Pay, and you will no longer be able to send or receive money through Whatsapp.
How Much Does Whatsapp Pay Cost?
Whatsapp Pay is a free “META” service that allows you to send and receive money through Whatsapp. There are no fees for sending or receiving money through Whatsapp Pay. However, your bank may have charged if you send or receive money internationally.
There is no charge through Whatsapp end whatsoever.
How to Send Money Through Whatsapp Pay?
Now that you have added your bank account to Whatsapp, you may be wondering how you can send money through Whatsapp Pay. If so, you can follow the steps below to send money through Whatsapp Pay.
Step 1: Open A Conversation With The Person You Want to Send Money To
Firstly, you need to open a conversation with the person you want to send money.
Step 2: Tap On The Three Dots
Once you have opened the conversation, you need to tap on the three dots that are located in the top right-hand corner of your screen.
Step 3: Tap On “Payments”
When you have tapped on the three dots, a list of options will appear. From this list, you need to tap on Payments.
Step 4: Enter The Amount
After you have tapped on Payments, you will be taken to the payments page. On this page, you need to enter the amount that you want to send.
Step 5: Tap on “Send”
Once you have entered the amount, you need to tap on the Send button. Your money will now be sent to the person you are chatting with.
Limit of Whatsapp Pay
The limit for sending money through Whatsapp Pay is IC: Rs 100000 per day. You can also only send a maximum of 20 transactions in a day.
Personal Experience
I used Whatsapp pay when I was back in India, and it was working just fine. I have not used Whatsapp pay since I moved back. During the time that I was using it, I had no issues whatsoever.
I am not sure if Whatsapp pay is available in my current country, but I will check it out and update this post if it is!
Frequently Asked Questions(FAQs)
Q: What is Whatsapp Pay?
A: Whatsapp Pay is a free ‘META” service that allows you to send and receive money through Whatsapp.
Q: Which bank accounts are supported by Whatsapp Pay?
A: SBI accounts are currently supported by Whatsapp Pay.
Q: How much money can I send through Whatsapp Pay?
A: The limit for sending money through Whatsapp Pay is IC: Rs 100000 per day.
Final Lines
Whatsapp Pay is a great ‘META” service that allows you to send and receive money through Whatsapp. It is safe, easy to use, and best of all, it’s free! I would definitely recommend using Whatsapp Pay if you are looking for a way to send or receive money.
Have you used Whatsapp Pay before? If so, let me know your experience in the comments below!
Do you have any questions about Whatsapp Pay? If so, feel free to ask them in the comments below, and I will do my best to answer them!
