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Hasn't this existed for a while? e.g. 2016 article: https://www.cnet.com/how-to/use-facebook-messenger-to-send-and-receive-money/ https://www.cnet.com/how-to/u

Hasn't this existed for a while? e.g. 2016 article: https://www.cnet.com/how-to/use-facebook-messenger-to-send-and-receive-money/ https://www.cnet.com/how-to/use-facebook-messenger-to-send-a... Is this a rebrand?

jandrese 7y ago
Maybe this is their effort to actually tell people about the service so they actually use it. Your comment jogged a vague memory I had about this feature of FB Messenger, but it's not something your average person knows about. Also, I removed FB Messenger from my phone several years ago for being an unrepentant battery drainer.
samfriedman 7y ago
Seems like it could be the expansion of the service from Messenger to Instagram and WhatsApp too that is the "launch".
tannerc 7y ago
Yeah, making payments (via Messenger) has been around for a very long time (March 2015 is the earliest I've known about it). This does appear to be a type of rebranding, but more importantly a push for Facebook to begin integration with other apps and possible third-parties.
basch 7y ago
I have FB Payments transactions between friends from August 2015. Looks like over 275 transactions total. Of every money transfer service, its the fastest bar none. It was shockingly good at what it did, given that it was an interface between legacy banks, I hope it stays as high quality.
- sdinsn 7y ago
  > Of every money transfer service, its the fastest bar none How is it faster than other instant transfer services, like Zelle or Venmo?
  - basch 7y ago
    If I stand in front of an ATM, and someone sends me money, I can take it out seconds later. Its a near instantaneous transfer. Zelle is about as fast, but facebook has been around longer, and has been instant since it launched, long before Venmo added it (and charges for it.) Zelle is also only instant within the Zelle network. Then again maybe every bank ive ever used with FB is within the FB network of instant banks?

jandrese 7y ago

Maybe this is their effort to actually tell people about the service so they actually use it. Your comment jogged a vague memory I had about this feature of FB Messenger, but it's not something your average person knows about. Also, I removed FB Messenger from my phone several years ago for being an unrepentant battery drainer.

samfriedman 7y ago

Seems like it could be the expansion of the service from Messenger to Instagram and WhatsApp too that is the "launch".

tannerc 7y ago

Yeah, making payments (via Messenger) has been around for a very long time (March 2015 is the earliest I've known about it). This does appear to be a type of rebranding, but more importantly a push for Facebook to begin integration with other apps and possible third-parties.

basch 7y ago

I have FB Payments transactions between friends from August 2015. Looks like over 275 transactions total. Of every money transfer service, its the fastest bar none. It was shockingly good at what it did, given that it was an interface between legacy banks, I hope it stays as high quality.

sdinsn 7y ago
> Of every money transfer service, its the fastest bar none How is it faster than other instant transfer services, like Zelle or Venmo?
- basch 7y ago
  If I stand in front of an ATM, and someone sends me money, I can take it out seconds later. Its a near instantaneous transfer. Zelle is about as fast, but facebook has been around longer, and has been instant since it launched, long before Venmo added it (and charges for it.) Zelle is also only instant within the Zelle network. Then again maybe every bank ive ever used with FB is within the FB network of instant banks?