A little more than three months after its debut, Facebook Messenger‘s peer-to-peer payments service has gone nationwide. The news was announced today by David Marcus, Messenger’s vice president.
Post Tagged with: "Facebook Payments"
One of the rumors circulating around Facebook’s new payments service is that the social media giant will not pay even 1 basis point to process payments. While this is just an unlikely rumor, the scuttlebutt is indicative. It shows that: a) Facebook may have negotiated hard with the payments networks; b) theRead More
Just days after Facebook sent shock waves through the peer-to-peer payments world, Square announced $cashtags, simple addresses that will allow individuals, and now businesses, to accept payments. In a way, today’s announcement continues Square’s suite of services for businesses, but it is also likely another move to get cards on files, aRead More
Ummm, paging Venmo. Facebook is eating the cost of P2P transactions so it can own social payments like it already owns advertising and chatting. That’s the word from industry insiders mulling over Facebook’s announcement today that users can send money to friends for free using their Visa or MasterCard debit cardsRead More
Facebook turned in ho-hum payments performance last quarter, even as it was the first quarter with payments wonk David Marcus under employment. Facebook produced $257 million of payments revenue, a 7% increase on a year-over-year basis. Now, that might look like respectable performance — until you compare it with theRead More
Facebook Messenger passed a major milestone. That would not be the introduction of payments.
Earnings and revenue at Facebook continue to boom. But not in payments. Payments remains a ho-hum revenue source for the social media giant, according to company earnings released yesterday.
While mobile advertising revenue drove Facebook to a banner first quarter, it is the company’s payments performance that is now taking center stage — and remains a bit of a bugaboo. FB payments revenue, including “fees,” dropped to $237 million last quarter from $241 million in the last quarter ofRead More
Facebook‘s message to banks at Money2020 in Las Vegas yesterday? Your customers are here — engage them here. And bank customers are on Facebook. Everyone is. There are now 1 billion people who use the network, said Deborah Liu, director of product management for platform monetization. She was being modest.Read More