I want friction when I pay for things. Why make it easier for others to get my money?
Facebook Pay
111–120 of 262 posts
Re: Facebook Pay
#112Does Facebook, as a product, even has userbase for this?
I find it weird that they used this branding. For some time now, FB has the "old people social media" label. Also would they create a new brand (or MetaPay or whatever), some people might not connect it to Zuck's trash mentality, morality and overall creepiness.
I wouldn't be surprised if folks working at Meta consider themselves the good guys, like Google cultists do. But I was under the impression that FB->Meta name change was due to public's completely trashed opinion on Facebook.
Re: Facebook Pay
#113This should have happened for a long time. Facebook's properties are the places where my friends naturally ask for money from me to help. Even with all the negativity I see here in other comments, this is the natural way for Facebook to grow, not trying to compete with the Federal Reserve.
Facebook had a multimillion dollar business (yes, million, not trillion, but this was solid) in the form of FB marketplace. That was the one part of FB that was super useful and if they hooked it up with a secure payment system that worked with these kinds of transactions it could have been amazing. Instead they squandered it on ads, as they always do. The platform is now unusable.
FB marketplace is pretty much the goto place for most people. For the most parts its valid users.
Re: Facebook Pay
#114I wonder how they're doing this in AU, can't see any info about APRA registration as an ADI/ERS user...
Prepaid accounts, just like Bunnings, Target, Woolies, your favourite restaurant. You are not making a deposit as you don’t earn interest and you do not have FCS protection. Given the size of FB I don’t think this is a problem.
But because it's redeemable on demand for Australian currency shouldn't that make them a PPF provider? eg: PayPal is a registered PPF provider
https://www.brightlaw.com.au/regulatory-challenges-for-purch...
https://www.apra.gov.au/sites/default/files/PayPal-auth-and-...
Re: Facebook Pay
#115I can’t think of another company I’d want less to know my transaction and purchase history than FB/Meta. What happened to Zuckerberg’s shift to “video” or are they truly throwing anything and everything at the wall now?
E-commerce (mostly for IG) and payments (mostly for WA, somewhat for Messenger) have been parts of the Facebook bull case for a long time. Why do people think companies of >70k people can't focus on more than one product/service? Not you in particular, just generally, I spend more time than I'd like to admit on "fin-Twit" and people expect FB has suddenly buried every plan aside of VR since they rebranded. I would say however the spaghetti analogy is a bit dismissive considering that, when their projects do "stick to the wall", they spawn business-lines with 10 digit users.
Not that I have any objection to the hive mind thinking Reels and VR is the end-all be-all, I want it to think it's a dead business.
Re: Facebook Pay
#116Send money to friends is definitely a feature that facebook should have implemented early. Now it feels very late in that “pay” game. It makes them look like the google+ of payments.
Re: Facebook Pay
#117Does Facebook, as a product, even has userbase for this? I find it weird that they used this branding. For some time now, FB has the "old people social media" label. Also would they create a new brand (or MetaPay or whatever), some people might not connect it to Zuck's trash mentality, morality and overall creepiness. I wouldn't be surprised if folks working at Meta consider themselves the good guys, like Google cult…
This would fit in nicely with the FB marketplace and help it become more like WeChat. I have family that uses WeChat. In China it`s an all in one app. The payment features are very convenient.
Re: Facebook Pay
#118Earlier quoted context omitted.
I'm confident the UI for their customers works great. Problem is you're not the customer.
It’s really not. I’ve managed Facebook and Instagram ads for a non-profit educational group, sending Meta thousands of dollars for ad campaigns, and the UI for purchasing ads is poor, by the metric of whether the software “just works.” There are separate webpages for creating a Facebook ad campaign (Ads Manager is one, plus there is a separate option with less features; I believe this is the Boosted posts function).…
Facebook ux has been on a downward spiral all decade.
Re: Facebook Pay
#119Earlier quoted context omitted.
I agree. The terrible thing is is that it's the easiest solution for me and my friend group to send money via Messenger. The US has _really_ dropped the ball on any sort of easy-to-use, standardized money transfer. Zelle is the closest thing and it is a joke for every day usability.
US instant payments drop in 2023. Definitely sucks it took this long, but it’ll be ubiquitous and replaces ACH. https://www.frbservices.org/financial-services/fednow/about....
Sounds promising but I will believe it when I see it (and use it).
Re: Facebook Pay
#120Earlier quoted context omitted.
Facebook had a multimillion dollar business (yes, million, not trillion, but this was solid) in the form of FB marketplace. That was the one part of FB that was super useful and if they hooked it up with a secure payment system that worked with these kinds of transactions it could have been amazing. Instead they squandered it on ads, as they always do. The platform is now unusable.
FB marketplace is pretty much the goto place for most people. For the most parts its valid users.
I`m a big fan.