Send Money to Friends in Messenger • Hacker News Board

Re: Send Money to Friends in Messenger

#31

Post by kamilszybalski » Tue, Mar 17, 2015, 7:28 PM UTC

FreakyT wrote: post #14

It's an interesting feature, but it seems unlikely that enough people will add their card information to Facebook to make it worthwhile, considering that both the payor and payee need CC information included for the payment to work. On a related note, this continues Facebook's unfortunate user-interface decision to replace the simple "send" button in Facebook Messenger with a row of increasingly crowded and not-parti…

Why is it unlikely that enough people will add their card information to Facebook?

Re: Send Money to Friends in Messenger

#32

Post by blhack » Tue, Mar 17, 2015, 7:30 PM UTC

zacharypinter wrote: post #6

At this point, I just want one of these pay-with-your-phone solutions to win and be ubiquitous. The current situation is almost comical. "Do you have Venmo? Haven't set that up yet, can you send over Paypal?. No, what about Square Wallet? Nope, what about Gmail?"

Simple dominates all of these, in my opinion. It is perfect from a user experience side. (If people already have the service, but people really want the service for more than the mobile payments part)

Re: Send Money to Friends in Messenger

#33

Post by cwilson » Tue, Mar 17, 2015, 7:31 PM UTC

heathermiller wrote: post #21

Given the number of people that have their fb accounts hacked every day, I'd be pretty concerned about giving Facebook my credit card info too.

If I were Facebook I'd require anyone using the Pay feature to turn on two factor authentication.

Re: Send Money to Friends in Messenger

#34

Post by [deleted] » Tue, Mar 17, 2015, 7:32 PM UTC

blhack wrote: post #32

zacharypinter wrote: post #6

At this point, I just want one of these pay-with-your-phone solutions to win and be ubiquitous. The current situation is almost comical. "Do you have Venmo? Haven't set that up yet, can you send over Paypal?. No, what about Square Wallet? Nope, what about Gmail?"

Simple dominates all of these, in my opinion. It is perfect from a user experience side. (If people already have the service, but people really want the service for more than the mobile payments part)

[deleted]

Re: Send Money to Friends in Messenger

#35

Post by Navarr » Tue, Mar 17, 2015, 7:32 PM UTC

cyborg wrote: post #11

dsugarman wrote: post #3

does this say something about how fast snapchat is innovating?

Snapcash. Send money that disappears after a few seconds.

http://blog.snapchat.com/post/102895720555/introducing-snapc...

Re: Send Money to Friends in Messenger

#36

Post by wongarsu » Tue, Mar 17, 2015, 7:32 PM UTC

bobsky wrote: post #5

A natural addition. And just like Square Cash, just enter bank issued debit card for fee-free transactions. Now if it would work outside the US and in-between different countries, that'd be the killer app. Is there anything close to that dream?

I guess that's what https://www.circle.com tries to be. I haven't personally tried them tough.

Re: Send Money to Friends in Messenger

#37

Post by guelo » Tue, Mar 17, 2015, 7:33 PM UTC

dvcc wrote: post #15

bobsky wrote: post #5

A natural addition. And just like Square Cash, just enter bank issued debit card for fee-free transactions. Now if it would work outside the US and in-between different countries, that'd be the killer app. Is there anything close to that dream?

How often do international transactions actually occur though (for small payments between friends)? I feel like it is such a small market it probably is not worth the extra hassle from a legal/fraud standpoint. As for outside the US, I was under the impression that most banks provide a free service for these transactions.

Remittances are one of the largest capital flows to developing countries totaling $400 billion in 2014.

As they say, if you could capture 1% of that market ...

Re: Send Money to Friends in Messenger

#38

Post by superuser2 » Tue, Mar 17, 2015, 7:33 PM UTC

FreakyT wrote: post #14

It's an interesting feature, but it seems unlikely that enough people will add their card information to Facebook to make it worthwhile, considering that both the payor and payee need CC information included for the payment to work. On a related note, this continues Facebook's unfortunate user-interface decision to replace the simple "send" button in Facebook Messenger with a row of increasingly crowded and not-parti…

Square Cash and Venmo are quite popular. I wouldn't be so sure.

Re: Send Money to Friends in Messenger

#39

Post by ddoolin » Tue, Mar 17, 2015, 7:34 PM UTC

kamilszybalski wrote: post #31

FreakyT wrote: post #14

It's an interesting feature, but it seems unlikely that enough people will add their card information to Facebook to make it worthwhile, considering that both the payor and payee need CC information included for the payment to work. On a related note, this continues Facebook's unfortunate user-interface decision to replace the simple "send" button in Facebook Messenger with a row of increasingly crowded and not-parti…

Why is it unlikely that enough people will add their card information to Facebook?

I'm curious, too. Given that they have hundreds of millions of users and most (that I know) don't seem to care one way or the other about the privacy implications, I don't see usage being an issue at all.

Re: Send Money to Friends in Messenger

#40

Post by serve_yay » Tue, Mar 17, 2015, 7:34 PM UTC

I use Square cash sometimes and I think it's pretty good, I don't think I would use this. A Facebook account is already a target for hacking, let alone bringing payment info into the situation.

If a friend had this but didn't have Square, that wouldn't be enough to sway me to put my CC in Facebook. I just don't think I can bring myself to do that.