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Google Is Scrapping Its Plan to Offer Bank Accounts to Users
- jsnell 5y agohttps://news.ycombinator.com/item?id=28720411 https://news.ycombinator.com/item?id=28720411
- hoppyhoppy2 5y agoSee also https://news.ycombinator.com/item?id=28720411 https://news.ycombinator.com/item?id=28720411 https://news.ycombinator.com/item?id=28720197 https://news.ycombinator.com/item?id=28720197
- notyourwork 5y agoWith their willingness to kill products, my bank account is far from ever to be something I would slap the G brand on.
- AlbertCory 5y agoSimilar to getting my prescriptions from Amazon. No thanks.
- hn_throwaway_99 5y agoWas this serious or satire? If you wouldn't get prescriptions from Amazon, why not?
- dgfitz 5y agoI think a lot of people complain of knockoffs. I know my wife has ordered a very specific brand of prenatal vitamins off amazon once and got a knockoff.
- blondin 5y agofrom the brand storefront? been wondering why people buy from random sellers and yet have a high expectation of them. or to put it another way: would the situation be the same when buying on ebay? when i buy from a random seller on amazon, i have a low expectation of them. and i return items when not satisfied.
- Uw7yTcf36gTc 5y agoIf it’s the same “SKU” they get commingled. Regardless of seller. You may think you are buying from a specific seller but you are not. All the same products are comingled.
- dgfitz 5y agoAs Uw7yTcf36gTc said below, buying from the storefront is misleading. Your response seems unnecessarily combative.
- kayodelycaon 5y agoIf this hasn't changed, Amazon combines the inventory of different sellers. Even if you buy from a particular seller, you may get something from a different seller that may be a knockoff.
- silisili 5y agoNot OP, but I probably wouldn't either. Mainly because I shop on Amazon, and don't want that data harvested and shoved in my face. AMZ already does "helpful" things like recommend pants extenders when you buy a size down then a size up. I'd hate to see what they recommend based on prescriptions, especially since many medications have wildly different use cases. If AMZ filled my prescriptions, they'd assume I'm an asthmatic with hives, neither of which are true.
- dralley 5y agoBecause Amazon has demonstrated little willingness to deal with their counterfeit problems, which extend beyond electronics and oven mitts to things like supplements and consumables. The cavalier way they treat their supply chains gives me absolutely no confidence that they will treat prescriptions with the proper respect.
- notyourwork 5y agoI don’t think Amazon is co-mingling RX like they do with FBA.
- Dylan16807 5y agoThat's a big fat "maybe" and "yet". I wouldn't easily trust it.
- notyourwork 5y agoIt’s really not.
- Dylan16807 5y agoAmazon partnering with existing pharmacies seems like a very plausible step to me. Amazon storing inventory from those pharmacies in a single location also sounds like a plausible step to me. And then that's comingling that requires me to trust the absolute worst partner. With good reason to worry that these invisible companies might not have the best standards. Which step do you think isn't plausible? And I'm not saying I won't trust it, I'm saying I'd have to research it more and keep extra vigilant for any changes.
- AlbertCory 5y agoSince this is (arguably) directed to me: Others have given equally persuasive reasons, but for me, it's simply that it's too easy for Amazon to give away vast amounts of data on me, and why should I give them even more of it? Secondly, the thought of one multi-trillion dollar company owning the entire economy is repulsive. Let some other players in the game, too. I'd rather break them up than make them even bigger.
- hellbannedguy 5y agoI would go with Amazon because I pay out of pocket assuming a lower price. My two drugs are not covered by Amazon though. I'm for any company that wants to reduce our reduculiously priced American drugs. I have paid cash for my meds for years. Costs between pharmacies vary a lot. CVS charged me 50% more than Costco.
- kwertyoowiyop 5y agoJust wait until Facebook opens a pharmacy!
- kf6nux 5y agoTheir history of shoot first ask questions later would be concerning as well. (Regarding locking people out of their Google accounts.) While I'm sure your bank could lock you out as well, you basically never hear about it. But with Google, there have been multiple high profile lockouts that show both 1) it can happen to anyone, and 2) getting access restored is slow, difficult, and not always successful. That's not the behavior that makes people feel like their money is safe.
- jeffbee 5y agoMy credit card issuer locked out my Visa after I bought some clothes from a French web site. They didn't notify me and I didn't find out until my card was declined at a restaurant, which was fairly embarrassing. People get locked out of their financial accounts all the time and despite persistent rumors to the contrary, it is way more likely that your bank or credit network is using a blackbox AI to do it, with a shit vendor like Feedzai.
- zeusk 5y agoAnd with cards, you're a call away from unlocking it or getting a replacement overnight shipped to you. Good luck getting to speak to a human at Google. And when you do find one, they'll tell you they can't overturn the dumbass AI.
- jeffbee 5y agoI actually get phone support with Google for the rather reasonable price of $1.99 per month, with Google One.
- Nicksil 5y ago>My credit card issuer locked out my Visa after I bought some clothes from a French web site. They didn't notify me and I didn't find out until my card was declined at a restaurant, which was fairly embarrassing. >People get locked out of their financial accounts all the time and despite persistent rumors to the contrary, it is way more likely that your bank or credit network is using a blackbox AI to do it, with a shit vendor like Feedzai. That's not being locked out of your account. You weren't able to charge but, should you have had the need, you would have been able to log in to your Visa account online to diagnose the issue. You would have also been able to dial a number or email for support. With Google, you are indeed locked out of your account and every other account you authenticated with using your Google account. There is no phone number or email address. There is no support. The scenario you bring up pales in comparison to Google's behavior.
- deleted 5y ago[deleted]
- andrepew 5y agoProbably for the best with their history of customer support black holes and horror stories of falsely banned accounts in all their consumer products. Google is one of the last companies in the world I’d trust to hold my finances.
- ffhhj 5y agoRecently got my Adsense account banned, but did't use it since 2017, their ban system triggers randomly on any account: https://news.ycombinator.com/item?id=28628849 https://news.ycombinator.com/item?id=28628849
- noneeeed 5y agoIt's one of the aspects that is in my cons column as I decide on a new phone. I'm waiting to see what the Pixel 6 turns out like, but at the back of my mind is the knowledge that if there is a problem with it I'll be shouting into the void that is Google's support organisation, and I'm just not sure I want that.
- Thev00d00 5y agoAnecdotal: Google store direct purchased hardware support has been good. Responsive support and RMA process if you need it. Obviously doesn't help you with your higher level account ban situation.
- noneeeed 5y agoThat's good to know. Their total inability to do customer service in general makes me twitchy.
- onetimemanytime 5y ago"Dear John Q, your Gbank account and cards linked to it, have been frozen due to un-Googley activity. The appeal you are thinking of submitting has also been proactively denied. Enjoy your vacation."
- cblconfederate 5y ago
- thdxr 5y agoWith how many banking startups that are showing up with fairly polished products, Google really reminding us how much they struggle to execute on anything
- imchillyb 5y agoThe only entities on the planet that thought Google Bank Accounts was a good idea, are Google and the US' 3 letter organizations. Everyone else on earth wouldn't trust google with their finances even if Google were the last finance company on the planet. Their history of interactions between themselves and citizens is abysmal. Their history of keeping products updated or even alive, is abysmal. Their history of making anti-human changes to their product to serve ads to those humans, is abysmal. Google is an abysmal company, that does abominable things. Who trusts Google? Not even Google trusts Google...
- prirai 5y agoThe sad thing is that many trust Google. It's not me though.
- noneeeed 5y agoDoes Google actually have senior management? It just all seems to be random teams running around chucking ideas around and then sodding off after they've screwed it up. The place just seems to be in disarray at the top levels.
- deleted 5y ago[deleted]
- alanlammiman 5y agowell afaik the founders havent spoken or written publicly for years...
- google234123 5y agoWhat's wrong with trying ideas? Would you prefer to work at a place that allows for ideas versus one where MBAs and accounts guide everything.
- clintonb 5y agoWhy are those the only two options? I propose a third option: think through the idea and its success metrics; gather user feedback to iterate. At least this idea was scrapped before they launched to customers, but the Google Pay debacle sounds like a lack of decent planning.
- dredmorbius 5y agohttps://archive.is/iIrQF https://archive.is/iIrQF
- ckdarby 5y agoThey should just buy Wise
- angelzen 5y agoYour bank account was suspended because the algorithm deemed one of your youtube comments as misinformation. Edit: Touching a nerve, eh?
- FrankBlack 5y agoOh, how shocking! Google is scrapping a project! Someone catch me, I'm going to faint!