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Facebook Pay

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Re: Facebook Pay

#151

Post by slopirate »

hericium wrote: post #112

Does 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…

I think you need to step outside of your bubble.

More than half the population of Earth logged into a FB product at least once last month. They don't use it out of love or pity for Zuckerberg. They use it because they fucking love to.

Re: Facebook Pay

#152

Post by sjtindell »

BbzzbB wrote: post #115
uncomputation wrote: post #17

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?

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 sa…

Isn’t this because in China some chat and payments app is absolutely massive, WePay I believe?

Edit: It’s WeChat. The SV giants are chasing the ubiquity that app enjoys.

Re: Facebook Pay

#154

Post by squiggy22 »

hinoki wrote: post #88
paulcole wrote: post #64

Earlier quoted context omitted.

> Problem is you're not the customer. What do you mean by this?

Meta Ads Manager has a much higher app review score than the Facebook app ;)

No surprise there. Consumer apps versus business apps reviews are hilarious.

'My boyfriend dumped me on this app last week. One star.'

'This app listens to my conversations and serves me ads. One star'.

At best it's the product not the applcation being reviewed. At worst, it's the general public howling at the moon.

Re: Facebook Pay

#155

Post by Bancakes »

BbzzbB wrote: post #115
uncomputation wrote: post #17

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?

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 sa…

Financial bloat and dependency creep. "5% discounts for loyal users" situations. No thanks

Re: Facebook Pay

#156

Post by Gentil »

I am very genuinely curious about whether we disagree on the "Facebook is a bad company" part or not.

And if you think FB is not a bad company. Can the below examples convince you?

If the below examples cannot convince you. Where do you disagree and where do you think I am wrong?

I know this could be way too real for some folks to answer. Especially for folks who use FB for a living (marketing etc) and for FB employees. So hopefully I can encourage some genuine conversations. :)

[1] - How toxic instagram is for teens - https://www.cnbc.com/2021/09/14/facebook-documents-show-how-...

[2] - I have blood on my hands - https://www.buzzfeednews.com/article/craigsilverman/facebook...

[3] - Facebook knew about Russian interference in 2016 US election - https://www.thesun.co.uk/news/7749740/facebook-knew-russian-...

[4] - Facebook Shadow tracking through FB SDK - https://www.privacyinternational.org/sites/default/files/201...

[5] - Cambridge analytica scandal - https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Ana...

[6] - Facebook misled EU about Whatsapp acquisition - https://arstechnica.com/tech-policy/2017/05/facebook-fined-e...

[7] Mark lied to Congress (This is the only case I am not sure about AFAIK. So correct me if possible please) - https://thehill.com/policy/technology/390530-dem-lawmaker-sa...

Update: Just got my first down voter. It would be great if whoever down voted could say why. Thanks.

Re: Facebook Pay

#157

Post by icelancer »

darknavi wrote: post #104
uncomputation wrote: post #17

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?

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.

> Zelle is the closest thing and it is a joke for every day usability.

I am randomly banned from Zelle for no particular reason. AML misfire, I guess. They won't tell me.

Re: Facebook Pay

#158

Post by sdoering »

slopirate wrote: post #151
hericium wrote: post #112

Does 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…

I think you need to step outside of your bubble. More than half the population of Earth logged into a FB product at least once last month. They don't use it out of love or pity for Zuckerberg. They use it because they fucking love to.

And even if they don't love it they use it because they get subjective value out of that usage as these people have lots of contacts (or maybe groups) there.

I don't use FB anymore. For more than two years now. But I still keep the account as I have exactly one use case (just anecdata):

There are some very good groups on Facebook for genealogy. Here I can get help when I get stuck again.

So if I continue again with the genealogy efforts I will certainly post there again from time to time.

There are few to no comparable places on the net where I could find the appropriate help.

Re: Facebook Pay

#159

Post by derefr »

twelve40 wrote: post #128
toomuchtodo wrote: post #109

Earlier quoted context omitted.

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....

since we are talking consumers here, what would it look like to a regular user? would I have to walk around asking people for their account numbers and routing numbers to FedNow them the money?

If it’s anything like Canada’s INTERAC e-transfers, you ask for the person’s email address; they receive an email bouncing them to a SAML sign-on portal with support for all major banks, which lets them use their bank to SSO into the payment system; and then the payment system uses the SSO-reflected banking details as the destination for depositing the money.
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