Teaming up with Facebook, PayPal has release a new app to let you send money directly through your Facebook account to your Facebook friends/Business associates. Facebook is advancing at an alarming rate, it feels like just yesterday Facebook was a simple communication tool, today it’s much more then that.
Social payments & E-commerce are taking a giant leap forward this year. Facebook & PayPal have put together a simple app called “Send Money” allowing you to choose a friend on your facebook list and send them a payment. You have a choice to send an ecard with your money or not, this will easily allow you to send birthday cards with gifts to your friends, make payment to your employees or simply donate money to needy charities.
“The PayPal and Facebook infrastructure have now merged,” PayPal’s Anuj Nayar says. “This is another way to personalize the act of giving money.” While there are several ways to pay with PayPal via Facebook (Payvment comes to mind), this is the first app to enable peer-to-peer payments via Facebook and PayPal. And because it’s a peer-to-peer transaction, there is no transaction fee, though PayPal’s regular limits and international fees still apply.
PayPal realized that more than 500 million ecards are sent a year, teamed up with facebook they are giving you the option of selecting any template from birthdays to congratulations. I personally can see this app doing very well and wonders what the future of Facebook holds for us. Will everything be done through this social media platform one day? I wonder how this will revolutionize the world we live in.