Facebook Messenger payments roll out for the UK

[HEXUS]

UK is the first region outside of the US to get the Messenger payments service.

Read more.

[Mr_Jon]

16 quid for a burger? Do one, Philip.

[virtuo]

Wanting to slate it, but actually seems like a good service if you are in the FB ecosystem and it gets integrated well with the app.

I wonder how much protection they offer once the buy/sell groups inevitably start hammering it and there is a dispute.

[DanceswithUnix]

16 quid for a burger? Do one, Philip.

Facebook analytics says: Last time this guy was shaken down £16 for a burger and only took 3.29s to pay up, we suggest charging him £18 next time. We have his real-time GPS co-ordinates, we can warn you when he walks through your door.

[Spud1]

I'll stick to PayPal thanks If it ain't broke....

Given the sheer number of scams that operate through facebook, and bots/fake users on their messenger service, you can bet that it will be a popular tool for fraudsters

[Kimbie]

I will stick with paypal aside from scams in facebook etc, Paypal takes a few mins-hours to transfer money to my bank, rather than the 1-3 days of this system.

[scaryjim]

... Paypal takes a few mins-hours to transfer money to my bank ...

tbh, I can log on to internet banking and transfer someone the money faster than 1 - 3 days. In fact, that's how I make the vast majority of person to person payments nowadays. Paypal only gets used for ebay, big fish games, and people who absolutely refuse to give me their bank details...

[Wozza63]

If everyone gets Monzo, we can just use Monzo.me instead

[Saracen]

If everyone gets Monzo, we can just use Monzo.me instead

If fish had wings, they'd be birds.

[Noli]

"Paypal takes a few mins-hours to transfer money to my bank, rather than the 1-3 days of this system."

And that's the real cost right there - time...

How does Facebook make money on this? (And it does) - through the interest on all the transactions held for the 1-3 days before settlement.