PayPal launches Facebook app called Send Money

PayPal launches Facebook app called Send Money

Summary: PayPal has launched a Facebook app called Send Money. As you may expect, the app lets you easily send money to your Facebook friends.

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PayPal today launched a new Facebook app called Send Money that makes it easier to send payments to your Facebook friends. PayPal has been experimenting with all kinds of payment technologies recently, especially across mobile and social markets, and this recent one is no-brainer.

Facebook has more than 800 million active users and a large percentage of them likely have active PayPal accounts. It thus follows that PayPal should make it possible for let them to easily send cash to and from each other.

The app is as straightforward to use as its name implies. All you have to do is choose an ecard (optional), a friend to send it to, and then select how much money to send.

Because Send Money offers peer-to-peer payments, there is no transaction, although PayPal's international fees and standard limitations still apply. We'll see soon enough if Facebook users start sending money over the social network rather than by e-mail.

"The PayPal and Facebook infrastructure have now merged," PayPal's Anuj Nayar told Mashable. "This is another way to personalize the act of giving money."

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Topics: Banking, Enterprise Software, Social Enterprise

Emil Protalinski

About Emil Protalinski

Emil is a freelance journalist writing for CNET and ZDNet. Over the years,
he has covered the tech industry for multiple publications, including Ars
Technica, Neowin, and TechSpot.

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9 comments
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  • RE: PayPal launches Facebook app called Send Money

    I can actually see Nigeria's GDP rising as I write this post!
    dsf3g
    • LOL!

      @dsf3g
      +1
      :D
      William Farrell
  • RE: PayPal launches Facebook app called Send Money

    Drug dealers will love it!
    NoAxToGrind
  • RE: PayPal launches Facebook app called Send Money

    The send money App is a good innovation to let people allow social payments.
    yet alone a flood of spam apps will be popping up like SendMoneys, MoneySend and with improper use of https controls, hence leading to a question are social payment extremely safe?

    find teh in depth review and pictures here.
    http://thetechnologycafe.com/paypal-launches-sendmoney-facebook-appno-transaction-fee-review-pictures/
    samzbest@...
    • RE: PayPal launches Facebook app called Send Money

      @samzbest@... Anyone dumb enough to use FB deserves whatever they get!
      Gr8Music
  • RE: PayPal launches Facebook app called Send Money

    And I would want to send money to my Facebook friends because.....?
    malcolm@...
  • RE: PayPal launches Facebook app called Send Money

    We keep forgetting that everyone isn't equally endowed financially and often, the act of sending money is more a matter of family loyalty and friendship than it is scam or pickpocketing. The world is changing! Get with it!
    MLHCo12
  • No way in hell will I ever use this.

    So much scams/malware on Facebook its not even funny, this is a disaster waiting to happen, all the crooked hackers are drooling right now & finding ways to scam people out of their cash.
    skyoneder
  • RE: PayPal launches Facebook app called Send Money

    That's right. Send money so we can clean out your bank account.

    I'm sure PayPal will find a few dumb_asses out there who will fall for this.
    ScorpioBlue