PayPal just has launched an innovative new Facebook application that allows Facebook users to send money to other Facebook friends. Aptly called Send Money, users can attach a payment to a virtual e-card along with a message of their choice or simply send the money itself.
According to PayPal, over 80% of active PayPal users also have Facebook accounts, which makes this a very relevant and useful tool for PayPal users and a great way to expand their user numbers even further.
PayPal has included 22 different categories of e-card which includes major holidays such as Thanksgiving and Christmas, occasions such as anniversaries and weddings in addition to cards for friendship.
So once you have given PayPal authorization to access the friends list, you can just simply type a friend’s name into the form in addition to an email address to send payment. After verifying the payment.
I am a huge fan of PayPal, especially since FNB offers you the option of linking your bank account directly with PayPal, making this my number one online payment provider. This new initiative provides a glimmer of the future of mobile and social payments.
