PayPal has launched a Facebook app that allows Facebook users to send money to other Facebook friends, called Send Money, users can attach a payment to an e-card, photo or video along with a message to celebrate a special occasion (birthday or anniversary) or simply send the money without a message.
PayPal Send Money is the fast, secure, and social way to send money. Sending it via Facebook is even better. Sending money with PayPal is easier than running to the ATM or writing checks. Sending it via Facebook is even better.
So, why an app on Facebook? PayPal is going to where friends and family connect now. According to Facebook, about 50 percent of its 800 million users log onto the social media network daily and average about 130 friends. And, the Greeting Card Association estimates that Americans send 500 million e-cards annually.
“In a world that’s turning increasingly to social media, we are giving our customers the flexibility to send their money to whoever they want, whenever they want and for whatever (occasion) they want.” said by JB Coutinho, Senior Product Marketing Manager, PayPal.
Upon sending the payment, the user also has the option of creating an automatic post on the friend’s wall mentioning the payment. Any message attached to the payment is kept private and likely delivered through email.
Your friend also needs a PayPal account to withdraw the money you send. The send money App is a good innovation to let people allow social payments.