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PayPal Launches Facebook App For Sending Money

Posted by samzenpus on from the like-this dept.

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."

4 of 66 comments (clear)

  1. Fat cash by Anonymous Coward · · Score: 5, Insightful

    Just think of all the money they can confiscate claiming fraud. Sounds like a good plan.

    1. Re:Fat cash by Runaway1956 · · Score: 5, Insightful

      Significant, or otherwise, it's revenue. And, it's definitely significant to the victims! 180 day's interest on a thousand dollars is indeed a drop in the bucket for Paypal, but for many people, having their thousand dollars frozen for six months can be disastrous!

      --
      "Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
  2. Given the scams and malware on Facebook, why? by swb · · Score: 4, Insightful

    Given the spam, scams and malware on Facebook, I'm surprised they would do this.

    Just a couple of days ago, I got a Facebook message from my sister in law "Dare you to watch this video" (I didn't) but when you do, it spams all your Facebook contacts with the message (and whatever else).

    What happens when it steals money from your Paypal account instead?

    And why is it you can even write malware on Facebook? Shouldn't they be able to stop that?

  3. Re:At Last... by Grishnakh · · Score: 3, Insightful

    Exactly; it's the old chicken-and-egg problem. It's not just Amazon either, lots of other Ebay clones have popped up over the years, but none of them has gotten even a fraction as large as Ebay. All the sellers go to Ebay (despite the ridiculous fees) because all the buyers are there, and vice versa.

    Any time I want to buy something on Ebay, I do take the time to look to see if there's another way of buying the same product elsewhere, but even with Ebay's high fees, strangely I find that it's frequently more expensive, if you can get it at all. I bought something recently, and found the exact same thing on Amazon, but the price there (from what appears to be the same seller) was higher, so I got it on Ebay instead.