PayPal has launched a Facebook App called “Send Money”. “Send Money” allows you to send money to friends and family in the US and abroad through facebook. To personalize this experience, you also have the option to add an ecard. You can choose ecards from a variety of categories like Top Picks, Just because, Occasion, Holiday.. etc.
It is a very simple application wherein you select a card, choose a friend to send it to, add a personalized message and select how much money to send.
Step 1: Select a card
Step 2: Select a friend
Step 4: Add the amount to be sent to your friend
Both the sender and the receiver need to have a PayPal account to complete a transaction. Once you send the money, the recipient gets an email notification as well as a Facebook notification (if the recipient is a Facebook friend). Within the US transactions are free if the payments are made directly from a connected bank account or existing PayPal balance. If payments are done using credit or debit cards, there’s a fee of 2.9% plus 30 cent.
However, for sending money outside the US, you have to pay around 0.5-2% for payments made directly from a connected bank account or existing PayPal balance. If you pay using debit or credit card, a fee of 3.4-3.9% plus 30 cents is applicable.