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Facebook Pay

pay.facebook.com

31–40 of 262 posts

Re: Facebook Pay

#31

I guess they've reached Google-levels of product management when their payment system used across 4 products is named after only one of them. Another Hangouts in the making.

"We want to rebrand to Meta to help our image, but let's name the payment app that'll be used across all of Meta after the specific brand that's been the focus of all of that bad publicity."

Re: Facebook Pay

#34
post #29

Why can’t crypto be like that? Centralized Social networks like Faceboon and WhatsApp can roll out a payment system nearly overnight and have it accepted at millions of merchants. Crypto after 10 years is hardly accepted anywhere…

[deleted]

Re: Facebook Pay

#35

Earlier quoted context omitted.

From the "Security and Protection" sub page[1]. > What you buy is your business. Your transactions are confidential—and aren't shared to your Newsfeed—unless you choose to share them. So yeah. Confidentiality is defined as "not shared on your Newsfeed". Safe to assume Facebook is going to milk this data for all it's worth. There are also some other whoppers: > If there is an unauthorized Facebook Pay transaction on y…

> 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.

Every single store that asks if you want a digital receipt in lieu of paper, is doing this. Every single store that gives you coupons in exchange for your your email, is doing this.

Re: Facebook Pay

#36
post #29

Why can’t crypto be like that? Centralized Social networks like Faceboon and WhatsApp can roll out a payment system nearly overnight and have it accepted at millions of merchants. Crypto after 10 years is hardly accepted anywhere…

Facebook Pay is just a payment system that was established within the confines and regulations of an existing monetary system.

"Crypto" is not that.

Re: Facebook Pay

#37
post #31

I guess they've reached Google-levels of product management when their payment system used across 4 products is named after only one of them. Another Hangouts in the making.

"We want to rebrand to Meta to help our image, but let's name the payment app that'll be used across all of Meta after the specific brand that's been the focus of all of that bad publicity."

Meta has no brand recognition though (outside our narrow geek circles). Google doesn't have an "Alphabet Pay" either.

Re: Facebook Pay

#38

Facebook should have dominated the payments space. It failed. Every few years they announce new payments products and strategy. Nothing fundamentally changes.

Does anyone remember the previous moves? I only remember Libra, which I never took seriously because crypto.

Re: Facebook Pay

#39
post #31

I guess they've reached Google-levels of product management when their payment system used across 4 products is named after only one of them. Another Hangouts in the making.

"We want to rebrand to Meta to help our image, but let's name the payment app that'll be used across all of Meta after the specific brand that's been the focus of all of that bad publicity."

Maybe they are scared that something shady about it will be exposed later so they are branding it with Facebook, an already tarnished name, and keeping the Meta brand clean?

Re: Facebook Pay

#40
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.
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