PayPal lets Facebook friends send cash

Nov 17, 2011
Online financial transactions powerhouse PayPal released an application on Thursday that lets friends send one another cash at leading social network Facebook.

Online financial transactions powerhouse PayPal released an application on Thursday that lets friends send one another cash at leading social network Facebook.

A "Send Money" application tailored for by PayPal lets members of the online community tie money to occasions such as birthdays or send it in an unadorned online transfer.

"We are bringing the largest online payments company to the world's largest social network to make it even easier to send money to your friends and family directly from Facebook," PayPal marketing manager JB Coutinho said in a blog post.

"Our new Send Money application on Facebook allows users to turn those wall posts into actual gifts," she said.

Gifts of money sent to Facebook members through PayPal can be announced with digital greeting cards, videos, or pictures. Links in e-cards or messages are followed to culminate in .

PayPal charges no fee for people to send money to Facebook members in the United States as long as transactions are done through accounts with banks or the eBay-owned online financial service.

"PayPal is going to where friends and family connect now," Coutinho said of the reasoning behind the application. "Imagine the smile when someone gets money for a cold beer and a message saying 'This one is on me.'"

The release of the PayPal application for Facebook came the same day that Skype improved its software to allow Facebook members to engage in video calls with one another using the Internet telephony service.

, which was recently acquired by Microsoft, began powering video calling at Facebook in July.

Facebook is the world's largest social network with more than 800 million members.

Explore further: WEF unveils 'crowdsourcing' push on how to run the Web

add to favorites email to friend print save as pdf

Related Stories

Facebook adds 'Send' button

Apr 26, 2011

Facebook on Monday began letting members of cozy cliques formed at the social networking service share website links or photo albums without all their friends knowing about it.

Beluga gives way to Facebook Messenger

Oct 29, 2011

Facebook is ushering out freshly acquired Beluga text messaging service to clear the way for a replacement tailored for the social network.

Recommended for you

WEF unveils 'crowdsourcing' push on how to run the Web

7 hours ago

The World Economic Forum unveiled a project on Thursday aimed at connecting governments, businesses, academia, technicians and civil society worldwide to brainstorm the best ways to govern the Internet.

Study: Social media users shy away from opinions

Aug 26, 2014

People on Facebook and Twitter say they are less likely to share their opinions on hot-button issues, even when they are offline, according to a surprising new survey by the Pew Research Center.

US warns shops to watch for customer data hacking

Aug 23, 2014

The US Department of Homeland Security on Friday warned businesses to watch for hackers targeting customer data with malicious computer code like that used against retail giant Target.

Fitbit to Schumer: We don't sell personal data

Aug 22, 2014

The maker of a popular line of wearable fitness-tracking devices says it has never sold personal data to advertisers, contrary to concerns raised by U.S. Sen. Charles Schumer.

Should you be worried about paid editors on Wikipedia?

Aug 22, 2014

Whether you trust it or ignore it, Wikipedia is one of the most popular websites in the world and accessed by millions of people every day. So would you trust it any more (or even less) if you knew people ...

User comments : 0