Facebook Payment Feature

No more additional application on your phone in order to pay debts or send money to friends, families and relatives. Thanks to the newest feature of Facebook. Payment feature for Facebook Messenger allows user to send money by connecting your Visa or Master card. Tap on the $ button to send money to a person. This feature is available on IOS, Android and on the desktop with no additional fees. Initially, it would roll out in the US and in upcoming months to other parts of the world.

No Dependency

Previously, when it comes to payment one word comes to our mind “PAYPAL” but with the help of payment feature for Facebook Messenger Facebook has made its own platform. Transaction taking place with the help of this would be encrypted and they are kept in a secured environment different from the normal network environment. With this feature the other payment competitors in P2P like Google Wallet, Venmo, PAYPAL and others need to re-think again for any innovative actions. 

As per Facebook’s product manager for the feature added words that they are not building this payment feature for their business purpose, it is provided absolutely free. They just want the messenger feature to be more useful, delightful and ease for the users.

How this feature works?

Once the messenger is updated user would be able to see the $ sign on the messenger window where the user types text. 

• Tap on the $ sign
• Facebook would ask you to enter debit/credit card details
• For additional security IOS user can set a Touch ID and other users can set a passcode for the same.
• Now fill the transferable amount
• Select person and hit the pay.

Facebook would not hold money but generally few days time is needed for the payment procedure to take place. Both the users would get a confirmation message about the status of transfer funds. Facebook would improve the time taken to transfer funds between users and make it instantly soon. There is also a payment history where user can see the history till date.

We hope that this feature is stable and if the time is lessened for the receiver to receive funds more users would use this feature for sure.  

Also see.. Yahoo says "No to remember password".. Read this.

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Modification in Facebook’s news feed: Why it changed and what is?

It seems like facebook has truly adapted a saying in terms of changing “to improve is to change; to be perfect is to change regularly”. We appreciate the changes in facebook in its desktop and mobile version within their specific interval, by adding something new, unique and trending.

News feed is being a new addition to facebook, which appears on the right hand side of the page. The news feed is not same as it was past six months before, in reference to its content and appearance. Facebook is learning more about you and due to which a new algorithm for news feed is being developed by company to determine user’s likes and dislikes.

On an average a facebook user has roughly 1400+ stories per day that appears in the news feed column. 20% of the stories are being surfaced by facebook. Thus the algorithm tweak your news feed in this manner. This social network is being busy with updates of newsfeed, re-designing algorithm to read the goal of the product.

CEO: Mark Zukerber’s words” Every facebooker

should get a personalized digital newspaper”

What has being change in newsfeed?

Auto play videos:

In September facebook tested auto play videos in mobile version, and in web version it was made live in December. These videos played automatically as you scroll through news feed. No sound is being heard unless user clicks on them. A surprising feature is that it does not include videos from third part like YouTube, but only plays videos directly upload to facebook.

Larger Photos:

In March facebook try to re-design news feed and added larger photos in news feed. Other promises made by the company where in case user can subscribe the news feed, and some multiple tabs news feed also, but as of now nothing can be seen in the changes till date.

Quality news stories.

According to company’s blog “high quality posts” are being covered in the news feed. This change was adapted in December and desktop and mobile version both are being updated with this change.

Additional content from brands:

One more algorithm was being designed by facebook in February so that it can help brands to increase their audiences. The algorithm is designed is such a way that one brand can tag another brand and their content can audiences of both brand pages.

Example: If Dominos pizza made a partner ship with Shah Rukh khan and tags him in his post, then the post would appear on both of the brand pages and thus audiences would grow from both of the sides.

The new algorithm is designed in such a way that user would get more then what they actually think.

Also see: Facebook would punish them

We hope facebook improves more and more and remove the unnatural and unhealthy posts that have abusive language or posts related to politics and other categories. 

Image Sources: Mashable

Post By- Kabir Gupte