Zoom has risen in popularity as a vital video conferencing tool for staying connected during the COVID-19 pandemic. But, were you aware that Zoom also offers the option for users to transfer money through its platform? In this piece, we’ll delve into the functionality of sending money via Zoom and the security protocols established to safeguard users’ financial data.
How Does Zoom Send Money?
Zoom has partnered with PayPal to allow users to send money through its platform. To send money, users need to have a PayPal account and be logged in to their Zoom account. Once they are logged in, they can click on the “Send Money” button located in the chat section of the meeting. From there, they can enter the amount they want to send and the recipient’s email address or phone number.
Security Measures in Place
Zoom takes security seriously and has implemented several measures to protect users’ financial information. When sending money through Zoom, all transactions are encrypted and processed by PayPal. This means that users’ financial information is not stored on Zoom’s servers and is only accessible to the recipient of the payment.
Conclusion
In conclusion, Zoom has made it easy for users to send money through its platform by partnering with PayPal. With several security measures in place, users can feel confident that their financial information is protected during transactions. Whether you need to send a payment to a client or split the bill with friends, Zoom’s money transfer feature makes it simple and secure.