Facebook offers feature to exchange money - WFSB 3 Connecticut

Facebook offers feature to exchange money

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Facebook offers feature to exchange money (WFSB) Facebook offers feature to exchange money (WFSB)
HARTFORD, CT (WFSB) -

A warning is going out for parents because now it is easier than ever to send friends money, all thanks to a new feature on Facebook.

However, even though it is easy, it doesn’t mean it is safe.

All a Facebook user has to do is start a conversation in the messenger, click the money icon and enter the amount to be sent.

Then, the user clicks ‘next’ and then enters debit card information.

"Man, let the hackers have a good time. That's what I say,” said Chuck Poules, of Florida.

"I would be concerned about the potential for hacking my account,” said Karen Weaver of Longmeadow, Ma. “I really don't agree with it. I don't think it's a good idea."

Security experts warn that there are a lot of safety concerns, especially for children.

Internet Safety Concepts President Scott Driscoll said parents have a lot more to worry about than just hacking.

Not only can children be offered money for an inappropriate photo, there are other serious concerns too.

"Maybe a teenager doesn’t have a job yet and looking for ways to make money,” Driscoll said. “It could be that. It could be a blackmail situation -- send me money or I'm going to tell your parents what you did in the hallways of the school."

Others said the pros outweigh the cons, and some think of this as a convenient and quick option to pay back a friend or receive money.

"I think after a while, it's going to be an easy way to transfer money fast...and a great idea,” said Moslah Alharthi, of Storrs.

Driscoll said parents should monitor their child’s Facebook page frequently, and even sign in as them.

Also, parents should check their debit card to make sure they are not trying to use it.

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