Payments will be a commodity....question is not if, but speed, especially for international B2B payments. Domestic C2C payments are the easy part
One of the rumors circulating around Facebook’s new payments service is that the social media giant will not pay even 1 basis point to process payments. While this is just an unlikely rumor, the scuttlebutt is indicative. It shows that: a) Facebook may have negotiated hard with the payments networks; b) the payment networks are increasingly finding themselves in a tough spot; and c) Facebook has kept its pricing deals hush-hush. To refresh, last week Facebook announced that it was launching a new payments feature in its Messenger service. The service will reportedly be available to some Facebook users starting next month. The Facebook payments feature is only for consumers right now and only for peer-to-peer transactions, for that matter. Most notable is the payments feature’s cost: $0
http://bankinnovation.net/2015/03/is-facebook-paying-0-for-payment-processing/
