Whatsapp launched a new feature of payment method and started testing its payment feature from Brazil. It is the first time Whatsapp adds this feature in it and first introduced it in Brazil.
Whatsapp is a great app for communicating with people all around the world. We can text and call through this app freely, only an internet connection is required. More than 2 billion people from all over the world are using Whatsapp for text and calls. Many people using Whatsapp for small business deals with connecting with their customers by means of this app called Whatsapp.
This app helps people so much for communication with each other, it helps people to generate sales for their business growth but the only thing which is people is payment system though they can do their deals with advanced payment and use a simple way. Finally, Whatsapp launched its payment feature and first testing in BRAZIL.
WHY WHATSAPP CHOOSE BRAZIL FOR FIRST TESTING
Whatsapp features a payment method in its app and first released it in Brazil because Brazil has a wide range of internet markets in the sense of trade.according to some researches Brazil has the second largest internet market. In Brazil, there are too many small businesses that run through the internet so it’s very beneficial for those small businesses. Now they can be able to get paid on their chat by using this new feature of Whatsapp.
Whatsapp includes some partners with them which help them in transactions in Brazil, they are Banco do Brasil, Nubank and Sicredi. Cielo, a payment processor, Whatsapp makes a combination by including some partners with them and working together for the progress of this payment feature.
HOW IT WORKS
Customers can use this feature by linking their visa, MasterCard or debit card with Whatsapp in the above paragraph we mentioned the bank names those are working with the Whatsapp you can receive your payment from such banks.
According to the Whatsapp blog, there are no charges on transactions. Customers can use this service freely no commission fees are taken from the users but small businesses or businesses people should pay a 3.99% fee for receiving their amount.
BENEFITS OF THIS FEATURE
This feature of whatsapp is very beneficial for the small business, they can easily transact payments on their chat boxes. This is the very demanding feature which is now launched and passing through the process of testing in Brazil. Whatsapp introduced this feature to the world very soon by including the banks in his open business model.
“Payments on WhatsApp are beginning to roll out to people across Brazil beginning today and we look forward to bringing it to everyone as we go forward”
FACEBOOK’S SPOKESPERSON SAID:
As we’ve said previously,
“our goal is to bring Facebook Pay to more people and places over time.”