The holiday season is right around the corner and now you can send monetary gifts through Paypal. Facebook has launched a new app call Send Money. All of your friends on Facebook can send denominations as low as $5 and up with a transaction fee. Paypal charges a 2.9% of the transfer amount, plus 30 cents that Paypal charges on its website. If the money is transfer directly from your bank account, or money held in your Paypal account it can be sent for free.
Instead of sending the thephotographer4you® a physical gift like a Kindle, iPad, camera or whatever…just send money. Facebook users can attach a payment to an e-card along with a message to celebrate an event or simply send the money without a message. PayPal has included 22 different categories of e-card which includes major holidays such as Thanksgiving and Christmas, occasions such as anniversaries and weddings in addition to cards for friendship. After giving PayPal authorization to access the friends list, a user can simply type a friend’s name into the form in addition to an email address to send payment. After verifying the payment, it is sent immediately to the Facebook user. There’s no fee to include one of the e-cards with the monetary gift.
