PayPal Just Broke Into Facebook's 800 Million Strong User Base

mark zuckerberg facebook money

Photo: Illustration: Ellis Hamburger

PayPal just unveiled its “Send Money” app for Facebook which will allow any of its 800 million users to send each other money and cash-filled e-cards for free, Mashable reports.Transfers from a PayPal balance or bank account are free, which is most person-to-person transactions anyway.

Using a credit card incurs a merchant fee of around 3%, as you might expect. International transfer fees also still apply.

But don’t worry—Facebook “credits” aren’t remotely involved.

Send Money is now the easiest way to send money to a Facebook friend, even if you don’t have their phone number or email address. We’d expect a big uptick in sign-ups for PayPal.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

facebook paypal sai-us