The payments feature is available for Signal users who use the app version 5.27.8 or later on Android smartphones or app version 5.26.3 or later on iOS devices. Users also need to have their Signal PIN enabled to access the feature. To activate the payments feature you can go to Settings > Payments > Activate Payments > Accept and Agree to Terms.
According to Signal, Transaction details, including the payment amount and time of transaction, are part of the MobileCoin ledger and are unknown to the platform. All fees are determined by and collected by MobileCoin, not Signal. Coin Cleanup Fee is charged when the coins in your possession can not be combined to complete a transaction. It is also known as a defrag fee.
If you want to send a payment to someone using the Signal app, you can follow these steps:-
- Go to Signal Settings profile_avatar.png > Payments > Send Payment.
- Select a contact that accepts payments.
- Enter the amount you want to send.
- Add a note and select the check mark.
- Tap Pay.
- Tap Confirm Payment
You can not cancel a payment once you have hit send. You can message your contact and ask them to send you a payment. If you hit Send, your payment will process. Turning your phone off or disabling your connection will not stop the payment if you have hit send.