Money transfers on VKontakte: what do you need to know about the service?

The social network VKontakte needs no introduction - all Internet users in Russia have encountered it in one way or another. The developers of this project are trying to diversify it with new functions that will be useful and convenient for users. One of these functions is money transfers.

Not everyone realizes that such a possibility exists. However, money transfers to VK are very convenient and some people may find them useful. In this article I will explain how this service works and tell you how to use it.

How are transfers organized in VK?

The service, which allows money transfers through VKontakte, was launched in 2021. It is available on the website vk.com and in mobile applications for Android, iOS and Windows Phone. The transfer system is maintained by VTB Bank and the MultiCarta company. A similar system works in another major Russian social network – Odnoklassniki.

Any user who has a Visa, MasterCard or MIR bank card can send and receive a transfer. The transfer size can be from 100 to 75,000 rubles. For transfers from Visa and MIR cards, a 1% commission is charged; transfers from MasterCard are free.

You can transfer money not only to Russian cards, but also to some foreign ones. Translations work for Belarusian, Kazakh, Moldavian, German, French and some other cards. All payments are carried out in rubles, the exchange into the currency of the receiving card is carried out by the bank that issued it.

How it works

In fact, the system is very simple. You can transfer funds via VKontakte and withdraw them later to your card in just a couple of clicks. And the person you send money to will be able to use it almost immediately.

How to transfer money to VK to a friend

Like many other VK services, money transfers work in both the web and mobile versions of the site. Therefore, we will give you instructions for both of these options.

On the computer

So, you can transfer money to a friend via VK as follows:

• Sign in to your account.
• On the main profile page, under the avatar, click on the three dots.
• Select "Money Transfers".

• You need the “Sending transfer” tab, open it.
• On the top line, enter the recipient's name. Or select him from your friends list by clicking on the arrow on the right side of the line.
• Below, enter the amount of the shipment (minimum 50 rubles).
• Click "Submit".

• In the window that appears, enter your bank card details.
• Click "Submit" again.

You can select a recipient directly from messages. To do this, open a dialogue with the user, hover over the paperclip icon and click “Money”. Or go to the user’s profile and under the main photo find “Send money”. The same window for the transfer will open, but the recipient's name will already be entered.

On a smartphone

Now let's talk about how to send money to VK from your phone. For this:

• Log in to the mobile version of VK.
• Click on the three horizontal stripes in the lower right corner.
• Expand the menu by tapping on the blue “More” inscription and click “Money transfers”.

• Now tap the “Send money to a friend” button.

• Select a recipient from the list.
• Enter the amount (minimum 50 rubles).
• Click "Submit".

In the mobile version, you can also select a recipient through a dialogue. To do this, click the paperclip in the bottom corner and scroll through the top icons to find “Money.”

How to request money

You can not only transfer some amount to a friend, but also ask him for the same. Let's find out what this function is and how transferring money to VK works in this case.

From computer

The sequence of actions is as follows:

1. Log in to VK.
2. Click on the three dots below your avatar.
3. Select "Money Transfers".
4. Open the Request tab.
5. Select your “lender” from your friends list.
6. Enter the desired amount.
7. Click Request.

After this, your friend will receive a notification of your request. He will be able to accept it or reject it.

From a smartphone

If it is more convenient for you to use the mobile version, then do this:

1. Sign in to your account.
2. Open a conversation with the friend you want to send a request to.
3. Click on the paperclip in the lower left corner.
4. Scroll through the symbols that appear at the top of the window.
5. Click "Money" and then "Request".
6. Enter the amount and click the appropriate button.

How to receive and where to transfer

Once a friend decides to transfer a certain amount to you, you will receive a notification. Now you can either accept this transfer and withdraw money to the card, or reject it.

1. Open the notification you received.
2. Click the "Accept" button.
3. Next, money will be transferred from VK to the card.
4. A window will appear where you need to enter your bank card details (number, expiration date and cvv).
5. After this, the funds will be credited to your account.

How to cancel a money transfer via VK

If you suddenly started to create an application, but then changed your mind, then canceling it is as easy as shelling pears - just stop further processing.

How to cancel a money transfer to VK if you have already sent the funds? You can get your money back in three cases:

• The recipient will personally reject your transfer.
• The recipient has not yet accepted the transfer. You can cancel it by clicking on the button that appears.
• The recipient will not accept the application within five days. Then the funds will automatically be returned to your account.

Are you a recipient yourself? You just need to click the “Decline” button when you receive a notification that someone wants to top up your account. Then the payment will not be processed and will be automatically cancelled.

You may be wondering about withdrawals. Read our article about this: how to withdraw money from VK Pay

How to send money to VK

You can send money through a social network in private messages to people or groups.

To do this, before sending a personal message, open the attachment menu and select “Money”

In the window that appears, enter the transfer amount.

Then enter your bank card details. Don't worry about security - reliability is ensured by 3D Secure technology. This means that the transfer must be confirmed with a code that you will receive in an SMS message on your phone.

In a few seconds, the recipient will receive the money attached to the message. Now he can choose which of his cards they will go to.

Some banks count this transaction as a cash withdrawal. Therefore, an additional commission from the bank may be charged for the transfer. This is especially true for credit cards.

The money will transfer to the recipient’s card from a few minutes to 2-3 days - it all depends on the banks.

Alternative to VKPay

Now VK has an excellent service called VKPay. With its help, you can also transfer money through this social network.

To do this, you just need to log in and attach your bank card. In addition, you can transfer money from VK to both Qiwi and Yandex Money or Web Money. All these operations will be available in your personal account.

Sending funds to other users through this system is as easy as using regular money transfers. You can read more about VK Pay in our article.

Who can take advantage of the innovation?

For now, you can only send rubles. If a person decides to make a transfer in foreign currency, the recipient will see an equivalent amount in rubles in his account, corresponding to the current rate of the servicing bank. Therefore, it is still more profitable to throw money in the national currency of Russia.

By the way, about who will supervise the translation made. This includes several organizations. These include:

• "VTB 24";
• "MultiCard";
• Mail.Ru Group.

VKontakte launched money transfers for owners of Mastercard, Maestro and Visa bank cards. It is noted that a commission will be charged for transactions, which is 1% of the transfer amount, but it cannot be less than 40 rubles. However, Mastercard and Maestro holders received a kind of “tax holiday” until January 8, 2021. Therefore, you should think before sending money whether this “tax” suits you.

Another pleasant surprise awaits the “beneficiaries”. When transferring, you will be able to choose a free set of stickers. Which one is decided by the social network itself. But you can only take advantage of the offer once a week.

What is needed to receive funds?

To receive money sent through a payment service, the recipient must:

1. Have information about the transaction number and listed.
2. Visit a Contact partner branch.
3. Provide the employee with a passport.
4. Sign the application for receipt.

Expert opinion

Alexander Ivanovich

Financial expert

The issuance of funds takes place without the collection of commission charges. You can find out information about the transfer on the official portal of the electronic system.

There are 3 sending options:

• an application on the phone using a mobile operator;
• payment terminal;
• transfer from plastic to card.

If you comply with the service requirements, there should be no problems when making a transfer.

Is it possible to cancel a transfer to a card?

To cancel a money transfer or over the phone, follow these instructions:

1. Tell the specialist about your problem and ask to cancel the payment.
2. Dial the hotline number (the telephone number is the same for all mobile operators, including MTS, Beeline Megafon and others).
3. Answer all the operator’s questions by providing the following basic information: your personal data (full name, passport number and series, residential address); number of the card (account) from which the shipment was made; plastic details entered incorrectly; the amount sent and the exact time of the operation.

For security purposes, the operating procedures of financial companies are organized in such a way that all transactions are necessarily verified by employees. And if you promptly report the mistake, the transaction will be blocked and the money will not be debited. Instructions for canceling a money transfer through the Sberbank Online service look like this:

How can I delete the VK Pay application from the VK page or from the store?

The new payment system VK Pay, launched on the VKontakte social network platform, is still far from perfect and is not convenient for online payments for all users.

To delete a link to the application, move the cursor to the left of the VK Pay item.

In this case, a menu settings button in the form of a gear will appear on the screen. They click on it. The menu item settings window will open.

Find VK Pay in this list and click the mouse to uncheck the box next to it. Then click on the “Save” button. After this, the unnecessary link will disappear from the list of menu sections on your page.

By the way, nothing irreversible will happen.

Where can I receive transfers?

Expert opinion

Alexander Ivanovich

Financial expert

Partner banks that receive funds represent a large network.

The list of addresses of financial institutions is published on the official website of the payment system. Here are some points in Moscow:

1. Sberbank.
2. URAL FD.
3. Credit-Moscow.
4. AK Bars.
5. MOSOBLBANK.
6. Russian loan.
7. Globex.
8. Loko.
9. ROSTFINANCE.
10. URALSIB.
11. Metropol.
12. Russian capital.
13. Capital loan.

The participants of the payment service include the following states:

1. Baltic and CIS countries:
   Georgia;
2. Moldova;
3. Ukraine;
4. Belarus;
5. Kazakhstan
6. Latvia;
7. Lithuania;
8. Estonia.
9. Israel.
10. China.
11. USA.
12. Poland.
13. Italy.
14. Spain.
15. United Kingdom.
16. Germany.

The list is not exhaustive.

Step-by-step instruction

Here are detailed instructions on how to transfer money to VKontakte. We open the personal messages of the person to whom we want to make a transfer and click the button on the left. In the list that appears, select “Money”.

Then we enter all the details of the card from which the transfer will be made. And click on the “Send money” button.

After this, you will receive a password on your mobile phone, which you will need to enter in a special line. Upon completion of this operation, information will appear that the transfer has been successfully completed. Now all that remains is to wait for the money to reach the recipient.

When conducting financial transactions, users have repeatedly encountered scammers who demand advance payment for services that have not yet been provided. In this regard, a fair question arises: is it possible to cancel a payment made through the Contact payment system, popular in Russia?

The answer is yes, and in our article we will tell you not only how to cancel a payment, but also whether the sender can return the amount sent and how he can do this quickly and technically safely.

Rates

Conclusion

VKontakte money transfers are useful not only for paying for purchases within the network, but also for regular transfers to a bank card to relatives and close people. You can transfer money to your cards, you just need to create another account.

If you have a Mastercard card that receives income, you can redistribute funds from it to other cards for free. The money arrives within a few seconds.

But never transfer large sums of money to VKontakte; it is better to split them into small ones. In case of any failure, the money may freeze for some time (for example, a week). Making transfers is very simple, so it is better to make several transactions and not risk the entire amount at once.

Happy translations! Nina Polonskaya

Where can I send it?

By the way, citizens of 17 states, mainly countries of the former USSR (now the CIS), will be able to act as recipients. But the list also includes Germany, Italy, the Czech Republic and France. There is no need to worry about safety, because the money transfer will be carried out under the supervision of 3-D Secure - the most reliable security system for this kind of “event”.

Credit card owners should approach this process carefully and thoughtfully. There is a possibility that the holding bank will regard the operation as a cash withdrawal, for which it will charge the card owner a commission due in such cases. In addition, the grace period for lending does not apply to such transactions.

Why do you need money transfers on VKontakte?

VKontakte transfers will help out when there is no information about the bank details of the transfer recipient.
The recipient himself chooses how it would be more convenient for him to receive the payment. You can send money through VK with a minimum commission or without it at all. No problem if the recipient is in another country. 4 reasons to send payments via VKontakte:

1. Save on commissions.
2. Avoid errors when filling out payment details.
3. Be sure that the translation will arrive as intended.
4. Use the application at any convenient time from your mobile phone.

How to recall a payment Sberbank Online

Moreover, a transaction made late in the evening will be processed only the next morning, and Sberbank will undertake to execute it no earlier than 09:00.

In the history of transactions in the user's personal account, you can see the current status of the transaction.

You can independently revoke a transfer through the online customer service system only if the status is “Executed by the bank”.

Not all is lost even when the status “Pending Processing” is indicated next to the erroneous operation.

In this case, you need to wait until this status changes to “Executed by the bank” and cancel the transfer. Expert opinion Anastasia Yakovleva Banking credit expert Right now you can apply for a loan, credit or card to several banks for free.

Hello, friends! A new opportunity has appeared - transferring money in Contact, we will talk about it today in the article. After all, many people are concerned about the question of how to transfer money without commission quickly enough. In addition, many people are interested in the question of how to transfer money to Ukraine from Russia, and the proposed method solves this problem. The main thing is to have a Mastercard, Maestro or Visa bank card.

Conditions for transfers through the Contact system

Money transfers through the Contact international network can be carried out at more than 500,000 service points, the list of which consists of bank branches, terminals and partner offices. There are several ways to make a transfer:

1. Visit the operator's representative office;
2. Online mode, in which a phone number is used for SMS text information.
3. Using a self-service payment method - a terminal.

Transfer via Contact is implemented in:

• US dollars;
• Russian rubles;
• Euro.

Money transfers are carried out in strict accordance with the established program conditions - restrictions.

The contact system operates taking into account the provisions of the sender's legislation. These restrictions may not be met if the recipient country has not set limits.

Contact practices simplified transactions between individuals and legal entities without the need to open a bank account.

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