I've seen FB payments hyped to the moon lately as a revenue solution to Facebook's advertising 'problems' - my two cents are that Facebook is going to completely flop at mobile payments.
I don't think they can execute the product properly, from either a point of purchase proposition or from an easy-to-use perspective. PayPal struggles with complexity, and I believe Facebook's offering will not only be more confusing than PayPal but more complex. The world only needs (and or will use) more payment solutions if they're radically better, I don't see Facebook building that product, despite the user base they can tap into.
I think Facebook is failing to fix the problems in their existing core product, while they lurch forward into areas they have demonstrated a limited ability to deliver on.
The gist of your comment is that you think they can only create something that's more confusing and complex than what PayPal offers? But they already have given a mockup of their two step simple procedure.
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I've seen FB payments hyped to the moon lately as a revenue solution to Facebook's advertising 'problems' - my two cents are that Facebook is going to completely flop at mobile payments.
I don't think they can execute the product properly, from either a point of purchase proposition or from an easy-to-use perspective. PayPal struggles with complexity, and I believe Facebook's offering will not only be more confusing than PayPal but more complex. The world only needs (and or will use) more payment solutions if they're radically better, I don't see Facebook building that product, despite the user base they can tap into.
I think Facebook is failing to fix the problems in their existing core product, while they lurch forward into areas they have demonstrated a limited ability to deliver on.
The gist of your comment is that you think they can only create something that's more confusing and complex than what PayPal offers? But they already have given a mockup of their two step simple procedure.