PayPal Launches Facebook App For Sending Money

angry tapir writes "PayPal has launched a Facebook application designed to let users of the social networking site send money to each other. The application, named Send Money, features a greeting card component for accompanying the money transfer with an e-card containing a message, photos and videos to mark occasions like birthdays and anniversaries."

Comments

Re:Created out of fear

[semilemon]

I think you may be refering to Dwolla.

Re:No Bank/Checking account--Ever

[Grishnakh]

The problem with this is that, without linking to a bank account, it's much harder to move money in and out of Paypal; they want an enormous fee every time you ask them to cut a check.

The answer is simple: get one account (mine's at an old credit union in another state that I no longer use actively) and link that to your Paypal account, and ONLY use it for Paypal transfers. When you transfer money into the account, then you're able to write a check with it, or whatever.

Why people think they can only have one bank account, I have no idea.

Re:No thanks

[Magic5Ball]

> fraud and straight up money laundering

Whereas this app only funnels a commission through http://connectionpoint.ca/sendmoney and other intermediaries, so that you end up using PayPal as an external service anyway. This app is pointless for anyone in civilized countries where direct account to account transfers or things like Interac are free through your bank's online services.