141–150 of 262 posts
So,... NotMetaPay? Seems like this is 3 years behind everyone else... Which is a bigger issue than the branding itself. I couldn't find one aspect that made it have a competitive advantage over already established brands.
I wonder if this relates to the huge earnings miss.
Seems unlikely, it takes quite a while to put something like this together.
This 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.
I've been waiting for this for 3 years. After using Instagram a bunch, I found the targeted ads got pretty good: most were for things I was interested in, such as tech gadgets or crafts for my kids. However, clicking on an ad and buying something was so much higher friction than the rest of the mobile Instagram experience that I often just gave up. Since then, I assumed FB must be working on some sort of payment serv…
The small print is scary, at least compared to a service like PayPal. There's absolutely no consumer protection unless you're actually buying something from Facebook themselves, and for any kind of returns or refunds the advice given is "contact your bank". Yikes.
> How secure is Facebook Pay in online stores?
> To keep your information secure, your debit and credit card numbers are encrypted for safe and secure storage. This information won’t be shared with sellers.
> With Facebook Pay, you can create a PIN or use your device's face or fingerprint recognition to confirm payments. Learn how to set up a PIN for Facebook Pay.
> For transactions you make with Facebook Pay, you’ll receive payment confirmation details in an email. If you see a transaction you don’t recognize, please contact your bank or financial institution.
And
> Is there Purchase Protection for online shopping?
> Purchases made through third-party sites, local pickups, Messenger transactions, or through other messaging services don't qualify for Purchase Protection. Learn more about how Purchase Protection works on Facebook.
I 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?
Facebook doesn't sell your information outright, Credit Card companies do.
Facebook having another set of datapoints on my personal life does.
Earlier quoted context omitted.
> Safe to assume Facebook is going to milk this data for all it's worth. I'm no Facebook fan, but let's be honest. Your bank, credit card company, and merchants are all doing exactly the same thing. Perhaps the bank is regulated tightly enough that it isn't quite as bad, but the others definitely are.
Yeah but Facebook is primarily an advertising company, and one of the biggest advertising companies at that. They can much better leverage this data and milk it to a much greater extent. People aren't going to your bank or credit card company in order to buy ads targetting you.
But they do ?
https://www.aclu.org/blog/privacy-technology/consumer-privac...
> In 1999, Congress passed the Gramm-Leach-Bliley Act (GLB).
...
> Under GLB, companies can sell their customers’ financial data to anyone they choose, including credit card information such as the date, amount, and recipient of charges, and the personal details consumers provide when they fill out applications. Consumers have no privacy under federal regulations unless they affirmatively take steps to “opt out” of this sharing, repeating the process for each and every financial service provider who may have data about them.
...
> Even this opt-out option is not available for consumers to stop credit card companies and issuing banks from sharing this data with their financial affiliates and financial “joint marketers,” a vaguely defined term that provides a giant loophole in privacy protections.
PS. Just to make sure - I'm not trying to defend Facebook here, or credit card companies.
The small print is scary, at least compared to a service like PayPal. There's absolutely no consumer protection unless you're actually buying something from Facebook themselves, and for any kind of returns or refunds the advice given is "contact your bank". Yikes.
Why not Meta Pay? Applies to all the apps, sounds shmancier. Not that I want to help this company.
It's so fucking confusing now with "Facebook Pay on Instagram". WTF.
Meta Pay is even a catchier name.
Off topic, but I really hate this trend of using animate-in transitions for _every_ _single_ _section_ of the page. Why I do always have to scroll into a half a window's worth of blank background before the content appears with some cutesy slide-in animation? I could perhaps forgive it if it was just badly implemented lazy-loading images but it also does this for simple section titles and body text as well. It ends u…