Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Facebook Pay

pay.facebook.com

Post reply on HN
Print view View original

51–60 of 262 posts

Re: Facebook Pay

#51

Post by rgrmrts »

selimthegrim wrote: post #45
saradhi wrote: post #7

WOW. Available in Pakistan, while Stripe is yet to enter and PayPal gave up.

I remember being able to buy PIA tickets from USA in 2014 using my credit card somehow - I think some Pakistani bank had contracted with Verified by VISA

Credit cards aren’t the problem. Just companies like stripe and PayPal don’t operate there. You can use Visa, Mastercard, AmEx, etc.

Re: Facebook Pay

#52

Post by poopypoopington »

shrvtv wrote: post #26

The company, which hasn't been able to figure out the UI hell of the core product for more than a decade now must never be trusted with processing payments. Especially when you know where the data will end up, what will happen to it next and how the company makes money (98.5% from targeted ads)

they've been processing payments for over a decade

Re: Facebook Pay

#53

Post by [deleted] »

shrvtv wrote: post #26

The company, which hasn't been able to figure out the UI hell of the core product for more than a decade now must never be trusted with processing payments. Especially when you know where the data will end up, what will happen to it next and how the company makes money (98.5% from targeted ads)

[deleted]

Re: Facebook Pay

#55

Post by Gigachad »

xiphias2 wrote: post #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.

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 messenger.

Although I do remember that the US doesn't really have a good/fast way to make instant bank to bank transactions so that could be an issue.

Re: Facebook Pay

#56

Post by wraptile »

jjulius wrote: post #36
EGreg wrote: 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.

yet.

Re: Facebook Pay

#57

Post by IgorPartola »

xiphias2 wrote: post #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.

Facebook had a multimillion dollar business (yes, million, not trillion, but this was solid) in the form of FB marketplace. That was the one part of FB that was super useful and if they hooked it up with a secure payment system that worked with these kinds of transactions it could have been amazing. Instead they squandered it on ads, as they always do. The platform is now unusable.

Re: Facebook Pay

#59

Post by anderspitman »

shrvtv wrote: post #26

The company, which hasn't been able to figure out the UI hell of the core product for more than a decade now must never be trusted with processing payments. Especially when you know where the data will end up, what will happen to it next and how the company makes money (98.5% from targeted ads)

I'm confident the UI for their customers works great. Problem is you're not the customer.
Post reply on HN