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Send Money to Friends in Messenger

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Re: Send Money to Friends in Messenger

#121

Post by grubles »

ForHackernews wrote: post #104
grubles wrote: post #92

Earlier quoted context omitted.

Instead, let's be dumbfucks[0] and use Facebook to send money! [0] http://www.businessinsider.com/embarrassing-and-damaging-zuc...

It's not an either-or proposition here. But let's get real, bitcoin combines the ease-of-use of sendmail.cf with the stable value of the Russian ruble.

So you think bitcoin is harder than:

1. Learning how to open a bank account (requires tons of personal information)

2. Learning how and why to use a debit/credit card (insecure)

3. Signing up for (requires e-mail) facebook and tying your credit card to it to send money

?

Re: Send Money to Friends in Messenger

#122

Post by Mandatum »

squiguy7 wrote: post #51
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?"

I wonder what incentives these new players have to provide a medium to transfer money on their platform? Why should I give my credit card to Facebook or Snapchat? It doesn't really make sense for me. I would much rather use a vendor that's sole purpose is to provide a means of money transferring. I don't need the convenience of typing a sigil followed by the amount to send money to friends. If I really can't electron…

Do one thing. Do it well. vs Do everything. Do it OK.

Companies have always started in the former, and expanded to the latter to not only diversify their "investments" (using that very loosely), but increase revenue.

It just makes sense. And from a tech company it makes sense in a world where internet banking is still only adopted by ~60% of consumers. (I know, surprised me too.)

Re: Send Money to Friends in Messenger

#123

Post by joshstrange »

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)

Simple lover here, I agree, I love being able to Simple Instant money to friends but I agree with the reply to your comment about how it's a bank and not a payment service. While I will stay will Simple for the foreseeable future (AMAZING customer support, beautiful app and website, goals, and instant transfer) I am somewhat disappointed in Simple as a company. They came out saying they were going to be a full bank and have an API and all of that and then backtracked on a lot of it. They are just a layer over an existing bank (which limits them somewhat) and there is still no API to be seen.

Also it feels like improvements have been VERY slow coming. Goals finally got some much needed attention but it's still lacking. I have to do everything manually when my paycheck comes in because their goals come out daily. I don't get paid daily, why would I want that money coming out daily? I just want to set aside money for car/rent/insurance/etc when I get paid, maybe things like "wants" (a new TV, computer, etc) work better for the daily pull but even then I'd rather just set aside $XXX when I get paid through goals.

Re: Send Money to Friends in Messenger

#124

Post by mmanfrin »

stephen-mw wrote: post #102

The thing I don't like about this is that I'm forced to become Facebook friends with someone to send or receive money. That's an unnecessary layer of consideration. I want to send and receive money quickly, easily, and cheaply. Now I'm also seeing what Ted is up to on my news feed. He's my Facebook friend now because we were all at a restaurant last week and they didn't let us split the bill.

I think the idea is to get adoption for friend-to-friend transfers first; I have no doubt that if this gains traction, then you'll soon be able to send to non-friends.

Re: Send Money to Friends in Messenger

#125

Post by tuna-piano »

astazangasta wrote: post #117
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?"

It's bizzare that our financial sector is the largest area of the economy and yet has not managed to produce any innovation in this regard. Shouldn't banks be giving us easy ways to transfer money? Isn't this their function? Financial services?

Chase actually has a great solution, Chase QuickPay. Here in Chicago it is very popular. https://www.chase.com/online-banking/quickpay

Re: Send Money to Friends in Messenger

#126

Post by meplusplus »

stephen-mw wrote: post #102

The thing I don't like about this is that I'm forced to become Facebook friends with someone to send or receive money. That's an unnecessary layer of consideration. I want to send and receive money quickly, easily, and cheaply. Now I'm also seeing what Ted is up to on my news feed. He's my Facebook friend now because we were all at a restaurant last week and they didn't let us split the bill.

I don't think you need to be friends with a person in order to do this. You can send normal messages to users who are not friends so I think payment will also have this ability.

Re: Send Money to Friends in Messenger

#127

Post by Mister_Snuggles »

astazangasta wrote: post #117
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?"

It's bizzare that our financial sector is the largest area of the economy and yet has not managed to produce any innovation in this regard. Shouldn't banks be giving us easy ways to transfer money? Isn't this their function? Financial services?

Here in Canada, I can do an email money transfer to virtually any financial institution. All the recipient needs to do is bank with one that supports it and use online banking.

I don't know how innovative it is, but it works relatively well.

https://www.interac.ca/en/interac-etransfer/etransfer-detail

Re: Send Money to Friends in Messenger

#128

Post by taytus »

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?"

Never heard of Venmo.

Re: Send Money to Friends in Messenger

#129

Post by Mister_Snuggles »

tuna-piano wrote: post #125
astazangasta wrote: post #117

Earlier quoted context omitted.

It's bizzare that our financial sector is the largest area of the economy and yet has not managed to produce any innovation in this regard. Shouldn't banks be giving us easy ways to transfer money? Isn't this their function? Financial services?

Chase actually has a great solution, Chase QuickPay. Here in Chicago it is very popular. https://www.chase.com/online-banking/quickpay

Canada has a similar solution, but it works across all of the big banks. Chase's solution is only for Chase customers, though it appears that the recipient doesn't necessarily need to be a Chase customer.

https://www.interac.ca/en/interac-etransfer/etransfer-detail

Re: Send Money to Friends in Messenger

#130

Post by macleanjr »

yen223 wrote: post #118
anuragbiyani wrote: post #79

Earlier quoted context omitted.

"The total for both of us was $55, so you owe me $27.5." "OK, here is some random bank's ATM which charged me $44 to get $40 (2 x $20) out, and now you say you don't have $12.5 in change on you ... well, shit." ... "What will you prefer: GWallet or FB ?"

Which horrendous country are you living in where ATMs charge $44 for a withdrawal?

$4 in fees
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