Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc.
Some businesses already use WhatsApp, with 1.3 billion users, to answer inquires from customers.
Business accounts will allow them to set up automatic greetings, see statistics about their messaging and set up a profile page with hours of operation and other information, WhatsApp said.
Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc
The accounts are aimed at businesses that receive a high volume of WhatsApp messages and need help keeping up, WhatsApp Chief Operating Officer Matt Idema said.
‘What we saw was a need for businesses to have more efficient tools,’ Idema said in an interview.
Idema, who was a Facebook executive before he joined WhatsApp last year, said WhatsApp intends to charge businesses in some form in the future.
But, he said it was too soon to discuss when that would happen or what the future business services would look like.
Facebook bought WhatsApp, a pun on the phrase ‘What’s up?’, in 2014 for $19 billion, attracted by the size of its user base.
Business accounts will allow them to set up automatic greetings, see statistics about their messaging and set up a profile page with hours of operation and other information, WhatsApp said. Stock image
WhatsApp used to charge a $1 annual subscription fee but dropped it in 2016, leaving the service without a source of revenue.
Options for future revenue are narrow because WhatsApp CEO Jan Koum and Facebook CEO Mark Zuckerberg have ruled out advertising on WhatsApp, a factor that adds to the service’s popularity.
WHATSAPP BUSINESS
WhatsApp announced two new tools for business in September.
One – a spinoff app called WhatsApp for Business – will allow small business to field customer questions and send them updates.
The company has also unveiled a tool that will let larger companies plug directly into the WhatsApp platform.
While the two business tools announced today are free, WhatsApp will soon start charging companies to use some of their features.
WhatsApp has officially announced two business tools including a standalone WhatsApp Business app and will soon charge companies – from local shops to global airlines – to use some of the tools’ new features
WhatsApp is also now verifying businesses on the platform.
The company hopes green check mark badges will make businesses appear more trustworthy and encourage companies to use the platform to communicate with customers.
When talking with a business account, the message bubbles will be yellow.
Facebook rolled out the features as an attempt to finally monetize and earn back some of the $22 billion it spent acquiring WhatsApp three years ago.
WhatsApp competes in a crowded market that also includes Facebook’s Messenger application, Tencent Holdings Ltd’s WeChat and numerous other messaging services.
WhatsApp said its business accounts would be available beginning on Thursday through a WhatsApp Business application in the Google Play store in Britain, Indonesia, Italy, Mexico and the United States.
The company said it plans to roll out the accounts to other countries in the coming weeks, and eventually to have a version for Apple iPhones.