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Learn how to Set up WhatsApp Payments on iPhone and Android in this guide. WhatsApp’s long-awaited payment service is now available for both Android and iPhone users. The UPI (Unified Payments Interface) is used by WhatsApp Payments to make it easy for users to send and receive money. Well, it’s a very useful feature, but not everyone has it yet, and you can’t just update the app to get it because it’s being rolled out on the server side. Payment through WhatsApp has been in the works for a long time.
Unified Payments Interface (UPI) is now being used to send and receive money. Taking into account how eager many of you are to use this feature. WhatsApp, which is owned by Facebook, just released a big update to the app. The update adds two long-awaited features: messages that disappear after a certain amount of time and WhatsApp Pay. In later articles, we’ll talk about the Disappearing Messages. Today, we’ll talk about the new way how to Set up WhatsApp Payments on iPhone and Android.
What is WhatsApp Payments?
WhatsApp Pay is a way to send and receive money through the Facebook app WhatsApp. It is based on the unified payments platform (UPI) and competes with Google Pay, Paytm, PhonePe, and other online payment platforms. In the most recent version of WhatsApp, the button for sending money is right next to the button for sending attachments. Before, you had to click on the attachment icon to see this option.
| Feature | Details |
|---|---|
| Text messaging | Send and receive text messages, photos, videos, and documents. |
| Voice calls | Make and receive voice calls over Wi-Fi or cellular data. |
| Video calls | Make and receive video calls over Wi-Fi or cellular data. |
| Group chat | Create groups of up to 256 people to chat and share photos, videos, and documents. |
| Status updates | Share your status with your contacts, such as what you’re doing or how you’re feeling. |
| Disappearing messages | Send messages that disappear after they’re read. |
| Google Play Store | Download Now |
| iOS Store | Download Now |
Well, if you follow tech news, you might already know that WhatsApp has been testing its payment service in the country for more than a year. WhatsApp has said that all users will be able to use its payment services by the end of 2020. This promise was made earlier this year. It looks like WhatsApp has done what it said it would do. The company released an update that added a new payment service for users in India. With WhatsApp Pay, you can send and receive money with your UPI ID.
Why Use WhatsApp Pay?
- Anyone on your contact list can be paid easily at any time and from anywhere. All you need is a mobile or wifi connection to the internet and a bank account number that is registered.
- It has an easy-to-use interface that makes sending money as easy as sending a photo or video on WhatsApp.
- When the transfer is done, a message will appear in the chat window to let the recipient know.
- It’s easy because you don’t have to ask the payee for their bank account number or IFSC code.
- What’s the best? You don’t need to add an extension or download a new app to use this payment feature. It’s right there in chat. Yes, it really is that simple.
How to Set up WhatsApp Payments on iPhone and Android
- Open WhatsApp and go to Settings > Payments.
- Tap Add Payment Method.
- Select your bank from the list.
- Verify your phone number using SMS or your bank’s app.
- Select the bank account you want to use for WhatsApp Payments.
- Create a UPI PIN (Unified Payment Interface PIN).
- Tap Done.
How to send money using WhatsApp Payments
- Open WhatsApp and go to the chat with the person you want to send money to.
- Tap the Attachment icon (paperclip) and select Payment.
- Enter the amount you want to send and a description (optional).
- Tap Send Payment.
- Enter your UPI PIN and tap Submit.
How to receive money using WhatsApp Payments
- Open WhatsApp and go to the chat with the person who is sending you money.
- Tap the Payment notification.
- Review the payment and tap Accept.
- Enter your UPI PIN and tap Submit.
Benefits of using WhatsApp Payments
- Convenience: WhatsApp Payments allows users to make payments directly within the WhatsApp messaging app. This makes it convenient for people to send money to friends and family without switching to a separate payment app.
- Easy Setup: Setting up WhatsApp Payments is typically straightforward. Users can link their bank accounts to the app, and they’re ready to send and receive money.
- Security: WhatsApp Payments employs end-to-end encryption, similar to its messaging feature. This means that your financial transactions are highly secure and private.
- Wide User Base: WhatsApp has a massive user base worldwide, making it easier to send money to a wide range of people without worrying about whether they have a specific payment app.
- Familiar Interface: If you’re already familiar with WhatsApp, using WhatsApp Payments will be intuitive. You can send money to contacts just as easily as sending a message.
- No Additional Fees: WhatsApp Payments typically does not charge additional fees for transactions, making it cost-effective for users.
Requirements for using WhatsApp Payments
| Requirement | Description |
|---|---|
| Smartphone | You need a smartphone with WhatsApp installed. |
| WhatsApp Account | You must have an active WhatsApp account. |
| Supported Country | WhatsApp Payments must be available in your country. |
| Bank Account | You need a bank account linked to your WhatsApp number. |
| Debit Card or UPI | You should have a debit card or UPI (Unified Payments Interface) account linked to your bank account for transactions. |
| Latest WhatsApp Version | Ensure you have the latest version of WhatsApp installed. |
| Mobile Number Verification | Your mobile number must be verified in WhatsApp. |
Questions and Answers
The new payments feature on the messaging app uses the UPI gateway to let WhatsApp users send or receive money from each other. But the Facebook-owned chat app is giving cashback to get more people to use its Payments feature. Users of both Android and iOS can use the feature.
Make sure your WhatsApp business account is verified. Make sure that WhatsApp Payments is available in your country. Connect your business WhatsApp account to a bank account.
Add a debit, credit, or prepaid card to the Wallet app on your iPhone, Apple Watch, or another device that works with Apple Pay. For Apple Pay to work, you need: A device that is compatible1 and has the most recent version of iOS, iPadOS, watchOS, or macOS. A supported card from a card issuer that is taking part.
Mark Zuckerberg, CEO of Meta, recently added UPI payments to WhatsApp Business messaging. This is a big change that is meant to improve interactions between businesses and customers.