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Recently facebook and paypal announced the launching of a new Facebook application that will allow facebook users to send money to other Facebook friends account. This new application called Send Money Facebook users will able to attach a payment to an e-card along with a greeting message to celebrate an event or simply for sending money without a message as well. Paypal has included 22 different types of catagories of e-card with all the important holidays like thanks giving and Christmas, occasions such as anniversaries and weddings in addition to cards for friendship as well.After giving Paypal authorization to access to your friend list, all you need to do is type the name of your friend name into the form in addition to an email address to send payment thought paypal to Facebook. After the verification of the payment, it will be send immediately to the Facebook user account.


"Send money to friends and family with PayPal, and include a customized greeting card for that personal touch. With hundreds of cards to choose from, paypal have the perfect card for any occasion.

Paypal send money is the fast, secure, and social way to send money for gifts, special events, or any occasion. The Send Money Facebook app provides the same level of security trusted by million of PayPal users."

You will also have option of creating an automatic post on the friend wall mentioning the payment. Any message that you have attached in the payment send time will be delivered through email and will be kept private.There are other applications which allow the paypal money sending, but this new application is the first peer to peer payment application using both Facebook and Paypal. Identical to sending payments between Paypal users, there will be transaction fee between users if the fund is in paypal account or linked to a bank account. But international fees and fees to credit card payments still apply when sending money through the Facebook application.

Paypal hopes to take advantage of the 500 million e-card annually that are send annually according to the Greeting Card Association. There will be no fee to include one of the e-cards with the monetary gift.

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