Posted on January 16, 2008 - by Steven Finch | Visited 194 times, 1 so far today
PayPal is Now Joining The Club

PayPal can now be used on the fastest growing social network in the world, Facebook. PayPal can now be placed on your facebook pages; so you can your friends for the beers the bought last night, they can pay you from the bet you had or it can be used in a business context to fundraise.
In the PayPal press release, they mention instead of asking your friends for the money they owe you, just send them a message and save the hassle, plus embarressment.
I see this PayPal addition being integrated nicely with Facebooks new Pages (business) option. Now you can easily just place a badge on your page which allows people to donate easily and efficiently. The badge is easily customisable with features such as messages, changing the amounts of donations and a progress chart on your proceeds.
This might even be the new way to get investors to invest in your new startup, that is of course once you make a very details page on Facebook.
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January 17, 2008
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Having PayPal on Facebook surely is a great thing. However, I guess raising capital by attracting investors via this little button is quite impossible for the current state.
The function that I think that is doable with this little PayPal button, is of course, raising funds for a charity movement or group via a temporary profile and some friends money “give and demand”.
Is it possible for fake charity profiles to appear? We shall see…