Although I can't find any official release from Facebook yet, my PayPal newsletter arrived in my inbox this morning proudly proclaiming that you can now use PayPal on Facebook. They've suggested it can be used for sharing money between friends who owe each other, and also for raising sponsorship money for charitable races etc. Click here to go to the application page, and here to see the press release from PayPal.
I wonder if Facebook are getting a cut in from transfers through this app? It surely means that the heralded integration of PayPal and Facebook for application developers is getting closer.
Will it work on mobile?
As more and more people are using web-capable phones with Facebook Mobile, it will be interesting to watch if this takes off as a personal payment process between friends when out and about. Not something which will happen overnight, but PayPal have tried to get into the mobile market before, but it was quite a complicated system (involving security phone calls etc to make simple payments), so this would be a hell of a lot easier.
Something to look out for. If any of you are using this app, let me know what you think.
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