Send Money to Friends in Messenger • Hacker News Board

Re: Send Money to Friends in Messenger

#131

Post by grubles » Tue, Mar 17, 2015, 8:27 PM UTC

smackfu wrote: post #103

grubles wrote: post #101

Earlier quoted context omitted.

The points are that you don't need 1. a bank account 2. a debit/credit card 3. facebook messenger in order to send money instantly.

You just need a bitcoin balance and the recipient needs a bitcoin address. Which practically seems like way more friction than the three items you listed.

So that is 2 requirements for bitcoin versus 5 requirements for sending via facebook: bank acct, debit/credit card, email acct, facebook acct, facebook messenger (let's not forget the immense amount of personal information you willingly give away).

Yet, bitcoin seems like way more friction?

Re: Send Money to Friends in Messenger

#132

Post by macleanjr » Tue, Mar 17, 2015, 8:28 PM UTC

EC1 wrote: post #17

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…

Like the thumbs up? Why is that the DEFAULT button there?

It turns into the send button as soon as you start typing

Re: Send Money to Friends in Messenger

#133

Post by mschuster91 » Tue, Mar 17, 2015, 8:29 PM UTC

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?

He got 40€ out and paid 4€ in fees. Thats not uncommon in Germany, where different bank groups (eg Deutsche Bank, the Raiffeisen cooperative association and the Sparkasse) charge nothing for withdrawals but other bank customers get charged. Couple of years ago it was introduced that the fees had to be displayed prior to withdrawal but they're still high.

Re: Send Money to Friends in Messenger

#134

Post by Mikeb85 » Tue, Mar 17, 2015, 8:30 PM UTC

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?

In Canada there are dirt simple ways to transfer money. Every bank has an app. Every card has a chip. And so on.

Re: Send Money to Friends in Messenger

#135

Post by asdffgagsfaswg » Tue, Mar 17, 2015, 8:30 PM UTC

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Re: Send Money to Friends in Messenger

#136

Post by click170 » Tue, Mar 17, 2015, 8:30 PM UTC

Mister_Snuggles wrote: post #127

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?

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

I would feel a lot better about using email transfers if my bank had better security than my bloody smartphone, but as it stands my pin can't be any more complex than the pin to my smartphone. Canadian banking security is embarrassing, though I understand its not much better elsewhere.

Re: Send Money to Friends in Messenger

#137

Post by aembleton » Tue, Mar 17, 2015, 8:30 PM UTC

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.

You don't have to be friends with someone to send them a message. If they're a friend of a friend then they'll be easy to find.

Re: Send Money to Friends in Messenger

#138

Post by matwood » Tue, Mar 17, 2015, 8:31 PM UTC

bluetidepro wrote: post #57

gk1 wrote: post #43

Earlier quoted context omitted.

"You owe me $20" "OK, hold on, here's an ATM." ... "Here you go."

"Oh wait, that's not my bank's ATM. I don't want to be charged a $4 fee. Oh well, I'll get you next time." ATM's are not a good solution. I don't want to pay $24 to give someone $20 because of ATM fees. Or wait in a long line (assuming you are at a busy location/area) to get the money.

Why is anyone still paying ATM fees??? Change to a bank that refunds the fee.

Re: Send Money to Friends in Messenger

#139

Post by ForHackernews » Tue, Mar 17, 2015, 8:34 PM UTC

grubles wrote: post #121

ForHackernews wrote: post #104

Earlier quoted context omitted.

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 ?

The point is that 95% of adults have already done #1 and #2 and half of #3, and they have experience giving their credit card info to other websites.

Maybe if you were starting tabula rasa with eleven year old children who'd never had a bank account or used a website before, maybe then bitcoin would be easier (provided they didn't get hacked and have their coins stolen[0]).

[0] https://twitter.com/Coinapult/status/577892916309291008

Re: Send Money to Friends in Messenger

#140

Post by andrewstuart2 » Tue, Mar 17, 2015, 8:34 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?"

It's inevitable:

http://xkcd.com/927/