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by mildweed 5624 days ago
If they start allowing the sale of non-digital goods on Facebook, they had better drop the 30% cut. That'll never fly with retailers, no matter how much exposure their Page gets them. Current payment processors take about $0.10 per transaction.
3 comments
51Cards 5624 days ago
Was about to post the same thing. You'll never get 30% on a retail product. In effect it would make everything you "buy with Facebook" 30% more expensive since there isn't that margin there, and that would kill the concept quick.

I also question how wide spread this would be. I mean yes it has the potential to be huge but I purposely don't connect my Facebook account to anyone else (no Login with Facebook for me) because of their shoddy history with privacy. Last thing I'm going to do is attach payment info, esp since I don't play any games in the system. I'm not saying this won't be huge, but I am saying it's not going to be ubiquitous.

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mootothemax 5624 days ago
If they start allowing the sale of non-digital goods on Facebook, they had better drop the 30% cut

Agreed, 30% is a ludicrous amount for anything outside of Facebook. Now, if they could offer comparable rates to PayPal, I for one would sign up overnight. Is it that crazy to think that they could topple PayPal's current monopoly on low-end[0] payments?

[0] I couldn't think of a better way to describe it, but if you aren't based in the USA, UK, Australia etc, there aren't a lot of options for getting your first buck for your web app etc.

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egor83 5624 days ago
if you aren't based in the USA, UK, Australia etc, there aren't a lot of options for getting your first buck for your web app etc.

http://flattr.com? They hail from Sweden, and are quite eurocentric.

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mootothemax 5624 days ago
flattr.com? They hail from Sweden, and are quite eurocentric.

I've only had a brief look, but it seems like a fairly unsatisfactory way of implementing billing for a web app. I accept that I could be missing something obvious - can you let me know if I've got it wrong? :)

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egor83 5624 days ago
You're right, I'm sorry.

It lets you transfer small amounts on the web, but it's not for billing.

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thinkcomp 5623 days ago
FaceCash (http://www.facecash.com), which my company runs, takes only 1.5%. We're not in any way affiliated with Facebook, but our system does use an image of your face to verify identity at the point of sale.
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