PayPal on Thursday unveiled a new Facebook application that allows users to send money to a friend while including a card for every special occasion.
Titled Send Money the program allows you to send cash with a few simple clicks of the mouse button and you can also forgo the card to send money in a pinch.
According to PayPal’s Anuj Nayar:
“The PayPal and Facebook infrastructure have now merged,” and “This is another way to personalize the act of giving money.”
There is no fee for sending money from “person to person” if you already have the cash in your Paypal account or if you’re account is linked to a bank account and not a credit card.
PayPal isn’t the first Facebook money sending program, Payvment for example does the same thing, however PayPal is a much larger platform used by millions of people which should help the program excel.
Users should also be aware that all regular PayPal fees still apply such as international fees for transaction processing.
With the ability to check out who’s birthday it is at any given moment and then sending them cash on the spot I won’t be surprised if this program quickly takes off.
Give PayPal’s Send Money application a try today and let us know what you think.