Oh, yes, like I'm going to give FB my credit card info.
Send Money to Friends in Messenger
181–190 of 293 posts
Re: Send Money to Friends in Messenger
#182at this point, who cares? You can do this everywhere, and I will definitely try and pick a dedicated service (probably Venmo) to do this. I know they spend all of their time and energy working on it, rather than it just being a feature
Re: Send Money to Friends in Messenger
#183This is a game changer. I love venmo and its Facebook integration, but not everyone wants to set up a new account. This is going to make sending money to friends really easy.
Re: Send Money to Friends in Messenger
#184Earlier 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?
Do you think these companies have contracts with all the banks, everywhere in the world? The back-end is made from ACH/SWIFT which are indeed from traditional financial services. Access to these key services is restricted for liability reasons, although you can indeed make a wiretransfer from most bank accounts online. I can do 4 of these a month without any charges.
In much of Europe, there's more or less no limit. In some countries like Belgium, direct bank transfer is so common[0] your IBAN is printed on your credit card. Others are significantly less enlightened in that regard.
[0] as in, it's a perfectly normal way to reimburse friends or colleagues who've paid stuff for you
Re: Send Money to Friends in Messenger
#185Earlier quoted context omitted.
You only need to convince the payer. The recipient gets an email that says "You have money waiting, let us give it to you."
No, they then tell the payer, pay me with this instead, I don't want to sign up for this. The usual use case is giving money back for restaurants and such, so you have the social closeness to do this.
FB is in a unique situation where they can convert at a pretty high rate.
Re: Send Money to Friends in Messenger
#186"Hey RELATIVE it's me here on Facebook I had to get a new account because I'm in trouble here in FOREIGN COUNTRY so please send me money. It's really easy and I need it bad! Just enter your credit card and I will be saved!" I know, I know, it's not the tool...but I am reminded of a certain scene from The Fifth Element... "I hate warriors, too narrow-minded. I'll tell you what I do like though: a killer, a dyed-in-the…
Kindel's Law: "Every new payment system rapidly transforms into an anti-fraud system."
Or the opposite, and started as an anti-fraud system (see PayPal)
Re: Send Money to Friends in Messenger
#187Earlier quoted context omitted.
Not to mention the fact that the recipient needs a bank account anyway if they want to convert their bitcoin into something that they can actually spend outside of the dark web. Worse, the recipient also needs a bitcoin exchange account to even make the conversion possible, then they have to wait two days for the exchange to ACH the money into their bank. This all assumes the exchange will even do business with them…
> needs a bank account anyway if they want to convert their bitcoin into something that they can actually spend outside of the dark web That's not true. Americans (Facebook's intended audience for this Messenger money-sending feature) can spend bitcoins directly at Microsoft, Dell, Expedia, Overstock, Newegg, Tiger Direct, DISH Network, etc. They can use and spend bitcoins theoretically received from FB friends witho…
I think we need to kill the "bitcoin requires a passport" myth as well. I have used bitcoin for 4 years and have never had to present a passport for anything.
Re: Send Money to Friends in Messenger
#188I skimmed through the comments and thought "What is Venmo and how terrible am I for not knowing about it sooner?" I then searched for the term on the page and noticed that the term is largely clustered around two threads; one of which the users both drop the name so much I had to check if they worked for the company. No offense to those who enjoy Venmo and its services, but this thread is a great example of HN commen…
Among the disjoint groups of my own friends and my girlfriends' friends (none of whom code or are tech savvy at all), everyone I know in NYC uses Venmo. I learned about it from non-tech people. It could be because Venmo advertised very heavily in NYC mass transit a long time ago.
My friends in the Bay Area, in contrast, are far less likely to know about Venmo and either use none of these options or are pretty fragmented.
YMMV, of course :) it just seems like Venmo has done really well in one particularly large market, and the other ones are still way more fragmented.
Re: Send Money to Friends in Messenger
#189Earlier 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
It's not limited to Chase. It's called clearXchange and was started by the 3 big banks (Chase, BoA, Wells Fargo) and is now extending to more: https://www.clearxchange.com/payments/member-banks
clearXchange allows account holders in any of the member banks to send funds to each other and it takes about 1-2 days after the first transaction. It also allows sending funds via cellphone. If you have a Wells Fargo account, you can send funds to a BoA account holder using just their phone number.
I think the banks have done a horrible job of advertising this free no-strings-attached service.
Re: Send Money to Friends in Messenger
#190Earlier quoted context omitted.
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 hard part of bitcoin is keeping all the devices you use it on perfectly uncompromised and backed up.
1. Use an iOS or Android Nexus device. Apple and Google do a good job of keeping iOS and Nexus devices very up-to-date security wise. (Specifically avoid non-Nexus Android devices as companies other than Google do a bad job at deploying timely OTA updates.)
2. Use a deterministic wallet app so there is no need to back up anything whatsoever (all your addresses and keys are generated from a password): Greenaddress, Breadwallet, Mycelium.
Then all you need is one strong unique password, and you have a decently solid Bitcoin wallet. If someone specifically hacks you with a 0day to compromise your mobile device, you have a lot more things to worry about than losing your bitcoins.