Friday, November 18, 2011

Now send money to friends on FaceBook - Powered by Paypal

Sending money to your friends had never been his easy. Thanks to Paypal whose application allows you to send money on Facebook.

Send money - the simple and straight application launched by Paypal for FaceBook offers you the choice to send either an ecard with money or just money with no card. You select a card, choose a friend to send it to and then select how much money to send.

Unlike various other Paypal apps for Facebook, this is the first app to enable peer-to-peer payments via Facebook and PayPal. And because it's a peer-to-peer transaction, there is no transaction fee, though PayPal's regular limits and international fees still apply.

Beyond the primary aspect of financial transactions across the world's largest social network, the eCard aspect of Send Money is also being emphasized. As per Paypal report, approx 500 millions ecards are sent every year and on that basis Paypal came into action and offered a dozen of choices for everything from birthdays to congratulations through its FaceBook App.

App is expected to take off because of the simplicity and effectiveness. You can send a card and a cake the your friend online in a few minutes. Apart from wishes, it can also be useful in lottery pools and reimbursing friends for lunch. It's actually a big step toward making social payments a reality.

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