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: Twitpic to stay alive with new owner

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

Facebook dressed down over 'real names' policy

Sep 17, 2014

Facebook says it temporarily restored hundreds of deleted profiles of self-described drag queens and others, but declined to change a policy requiring account holders to use their real names rather than drag names such as ...

Yelp to pay US fine for child privacy violation

Sep 17, 2014

Online ratings operator Yelp agreed to pay $450,000 to settle US charges that it illegally collected data on children, in violation of privacy laws, officials said Wednesday.

User comments : 0