Post Tagged with: "Facebook Payments"

Facebook P2P Payments Go Nationwide

Facebook P2P Payments Go Nationwide

by June 30, 2015 at 3:59 pm 1 comment

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.

Is Facebook Paying $0 for Payment Processing?

Is Facebook Paying $0 for Payment Processing?

by March 24, 2015 at 10:41 am 3 comments

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

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Square Cash Opens to Businesses, Introducing $Cashtags [Video]

by March 23, 2015 at 11:21 am 1 comment

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

With ‘Send Money’ Launch, Facebook Eats Fees to Own Social Payments

With ‘Send Money’ Launch, Facebook Eats Fees to Own Social Payments

by March 17, 2015 at 4:32 pm 6 comments

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 Payments Continues to Plod Along

Facebook Payments Continues to Plod Along

by January 28, 2015 at 5:15 pm 1 comment

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

Silence Speaks Volumes on Future of Facebook Messenger Payments

Silence Speaks Volumes on Future of Facebook Messenger Payments

by November 11, 2014 at 10:55 am 0 comments

Facebook Messenger passed a major milestone. That would not be the introduction of payments.

With Payments Revenue Still Stuck, Facebook to Bet on Messenger

With Payments Revenue Still Stuck, Facebook to Bet on Messenger

by July 24, 2014 at 10:59 am 1 comment

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.

Facebook Is Sticking to Payments for Games, Not P2P

Facebook Is Sticking to Payments for Games, Not P2P

by April 24, 2014 at 9:49 am 1 comment

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 to Banks: Be Here Now

Facebook to Banks: Be Here Now

by October 10, 2013 at 9:58 am 2 comments

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