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August 1, 2022
On the web
Frictionless Shopping Is Here. YouTube and Instagram Join TikTok With New Social Commerce Tools
Inc.com
“This month, both Instagram and YouTube unveiled new tools that aim to help users make sales directly on their social media platforms — removing the need to shop at a brand’s own website or retailer’s online store. With the more seamless check-out options, presumably consumers will have fewer barriers to buy, and that can lead to more sales. On Instagram, customers can now place and track orders in direct messages, and sellers can request and receive payment in the same thread using Meta Pay…Through a new partnership with Shopify, YouTube creators can now directly link their products across their channels and content, including in livestream videos. U.S.-based users of the feature can enable onsite checkout, which can allow shoppers to make purchases directly on YouTube. To use the new shopping feature, YouTube creators must have more than 1,000 subscribers and must have their channel approved for monetization.”
October 17, 2019
On the web
Rental Payments Dominate Zelle Volume; Are Transaction Limits a Hindrance?
Digital Transactions
“Rental payments are the top use case by far on the Zelle person-to-person payments network, according to the chief executive of Zelle provider Early Warning Services LLC. “From an end-user use-case perspective, far and away the No. 1 use case for Zelle right now is actually a rent payment,” Albert Ko said Tuesday, though he didn’t give specific figures. “We actually didn’t expect that; we knew it would be in the top 5, but we didn’t expect it to be the runaway No. 1.””
May 14, 2018
On the web
Instagram Payments Could Be a Surprise Threat to PayPal
Motley Fool
“Facebook quietly rolled out payments in Instagram to some users at the beginning of the month. The payments feature asks for users to input their credit or debit card information once, and then it can be used to pay for products or services advertised on Instagram. The feature currently only works for booking appointments, but it could quickly expand to more businesses, especially with the rollout of Shoppable Ads on Instagram.”
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