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Send Money to Friends in Messenger

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Re: Send Money to Friends in Messenger

#41

At this point, I just want one of these pay-with-your-phone solutions to win and be ubiquitous. The current situation is almost comical. "Do you have Venmo? Haven't set that up yet, can you send over Paypal?. No, what about Square Wallet? Nope, what about Gmail?"

Haven't the Japanese had NFC payments forever?

Re: Send Money to Friends in Messenger

#42
It's interesting that the B-Roll video is not hosted on Facebook.

BTW I just send money using PayPal to a Facebook friend and let him know using Facebook messenger. I would totally use this when it's available.

Re: Send Money to Friends in Messenger

#43

At this point, I just want one of these pay-with-your-phone solutions to win and be ubiquitous. The current situation is almost comical. "Do you have Venmo? Haven't set that up yet, can you send over Paypal?. No, what about Square Wallet? Nope, what about Gmail?"

"You owe me $20" "OK, hold on, here's an ATM." ... "Here you go."

Re: Send Money to Friends in Messenger

#44
post #32

At this point, I just want one of these pay-with-your-phone solutions to win and be ubiquitous. The current situation is almost comical. "Do you have Venmo? Haven't set that up yet, can you send over Paypal?. No, what about Square Wallet? Nope, what about Gmail?"

Simple dominates all of these, in my opinion. It is perfect from a user experience side. (If people already have the service, but people really want the service for more than the mobile payments part)

Simple is an entire bank/debit card. Square Cash, Venmo, etc can all be set up on your existing debit card. I certainly hope I don't have to switch banks to do mobile payments.

Re: Send Money to Friends in Messenger

#45
post #2

I think it's interesting that we can now pay almost anybody we have contact with, at almost zero effort and without even having to remove my debit card from my wallet. You can pay people via gmail now for your email contacts, send money to your personal friends via social media networking. I bought my Uber to work this morning completely frictionless without having to physically use my card. It's an interesting devel…

I mean, in reality, we are just back where we started. cash & checkbooks used to do this very well, until people needed online payments.

How are we back where we started? If I need to send my friend a payment and they are not in the same room with me, I couldn't do it with cash or checkbooks. Now I could send a friend money in about 5 clicks on my phone.

Re: Send Money to Friends in Messenger

#46
post #8

Earlier quoted context omitted.

Considering we've had Venmo[1], wallet/gmail[2] and Square Cash[3] since 2013, not really. [1]: http://bits.blogs.nytimes.com/2012/03/20/after-2-years-in-be... [2]: http://googlecommerce.blogspot.com/2013/05/send-money-to-fri... [3]: http://allthingsd.com/20131015/the-money-is-in-the-email/

which of these were a way to send money through a social network's chat client?

SnapCash and SquareCash are one & the same. I think it's a great convenience to add CC to my FB, but since I do not use a real name, do not trust FB, and would be concerned about my account being compromised (though it probably makes you enter a CSC/PIN), I will not be using this any time in the near future.

I personally use SquareCash all the time, and also use PNC bank's complimentary POPmoney setup to transfer funds for free (with PNC, I scheduled a partial rent payment to go to my landlord's bank account automatically every paycheck).

Re: Send Money to Friends in Messenger

#49
post #33

Given the number of people that have their fb accounts hacked every day, I'd be pretty concerned about giving Facebook my credit card info too.

If I were Facebook I'd require anyone using the Pay feature to turn on two factor authentication.

Yes, they should do that. And I can't think of anything more annoying than needing to receive a text, just so I can log into dumb old Facebook. (I realize there are other "factors" available but that's not really the point.)

Re: Send Money to Friends in Messenger

#50

At this point, I just want one of these pay-with-your-phone solutions to win and be ubiquitous. The current situation is almost comical. "Do you have Venmo? Haven't set that up yet, can you send over Paypal?. No, what about Square Wallet? Nope, what about Gmail?"

At least for my demographic in NYC it feels like Venmo has enough traction that there isn't much friction if you ask to be paid/pay with Venmo. Enough people have it that the odd one out who doesn't feels compelled to sign up, and the onboarding is also fast enough that people can sign up while waiting for the check at a restaurant, for example.
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