PayPal’s got a new Facebook app called Send Money that’s going to make it a lot easier to send money to another person over the internet. And now even your gushing, huggy aunt can take care of your birthday in a few seconds on Facebook.
The app is the first to allow peer-to-peer payments through Facebook and PayPal, and because it’s between people instead of involving a vendor, there’s no transaction fee. It’s just a totally free service, which is awesome. The app also gives you the option to include an eCard with the cash, so it can be used for graduations, weddings, blackmail — whatever.
But having an easy-to-use method of transferring money is a huge step forward. It’s crazy to think how many hoops you have to jump through to send money to a friend compared to how easy it is to buy something with one click anywhere on the internet. Send Money should, at the very least, make collecting your Fantasy Football winnings a lot easier. [Mashable via Techmeme]
Kendal
Friday, November 18, 2011 at 7:00 AM…and with facebook’s awesome track record of privacy and security too…
John
Friday, November 18, 2011 at 8:27 AMEr, no thanks.
Random
Friday, November 18, 2011 at 8:49 AMSo is this going to be 1 more way to launder money???
Peter
Friday, November 18, 2011 at 12:48 PMSo if someone sends me money to my Facebook ID, I need to get a paypal account so I can actually receive the money, but after that I need to goto the paypal page and move the money to my actual account. Sounds like a good way to get defriended in facebook.