191–200 of 262 posts
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?
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.
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In Australia the system is called Osko and we link our mobile phone numbers or email address to it.
I use this to find out who owns a mobile number. Punch in the mobile number to the banking app and more often than not the mobile's owner name is displayed.
India is not in the list. But whatsapp payments are already available in India. So is Facebook pay something very different from whatsapp pay ? It's confusing since the page says "Facebook Pay is a seamless, secure way to pay on the apps you already use". And whatsapp is listed as one app. Maybe it's entirely different from UPI based Whatsapp pay [] https://pay.facebook.com/availability/
You are right. Upi is something unique to India so WhatsApp pay in India can’t leverage the Fb pay infrastructure. However, it can elsewhere including the us.
According to “How it Works”, it supports multiple payment methods like PayPal & Credit cards - I don’t see why UPI couldn’t just be another option on the list specifically for India.
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…
I don’t trust things I see in Instagram ads anymore, even if the product looks interesting
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.
As someone who has resigned themself to using at least 2 FB products because I can't convince my contacts to switch because the ones who care can't convince their contacts to switch (and so on) I can tell you that we do not fucking love these products. We tolerate them with misgivings, the same way we feel when we put petrol in our cars or eat fast food
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In an ideal world I'd love to see social media apps be able to loosely hook in to banking apps. So facebook messenger would handle requests and you would tap "send" in facebook messanger which would open your bank app with something like "Send $10 to facebook user ___ and let facebook confirm transaction success" so facebook never has to hold your money or make transactions, but you can make payment requests in messe…
Jack Mallers (CEO of Strike) gave a presentation about the Lightning network as the open protocol for international fiat debit payments, and multiple Facebook managers were on that meeting. Now that Cashapp integrated sending money with it, Strike can be connected with US Chase bank account, the race for embracing the open protocol is on. The cool thing with USD payments over lightning network is that capital gains t…
This is a bug, not a feature, to the US government.
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.
What you described has been available for a long time. The old Facebook Pay (i.e. the ability to send payments to your friends via ACH) has been available in Messenger for at least 5 years (probably even longer). This new Facebook Pay seems to just add an easy way to link payment methods to your account and pay merchants on Facebook/Instagram.
I guess that they were blinded by the margin discrepancy, like many others.
Earlier quoted context omitted.
In Australia the system is called Osko and we link our mobile phone numbers or email address to it.
I use this to find out who owns a mobile number. Punch in the mobile number to the banking app and more often than not the mobile's owner name is displayed.
This will be massive in Europe for WhatsApp. Just went on a ski trip with people from a number of European countries. All use WhatsApp but we didn’t have a single app to send money to each other. PayPal was the only option but most people didn’t have that so we used cash.
Revolut is pretty big in Europe but I guess not that ubiquitous yet