PayPal are always looking for new ways to make financial transfers between companies and friends easier. Today, they've announced their new Send Money application on Facebook which allows users to turn those wall posts into actual gifts.

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PayPal wants to be at the center of their customers' financial lives and with nearly 80-percent of active PayPal users actively using Facebook, it's just a smart decision to release Send Money. The app has the ability to send money to anyone, anywhere at anytime. Be it a special occasion, anniversary, birthday or just because, you can send money to loved ones with an e-card, photos, videos and a message.

The way it works is quite simple, visit PayPal's send money app page on Facebook, select a card for your occasion and of course, the recipient. Log-in to your PayPal account within the app, choose a dollar amount and then click send. The card is immediately posted to the recipient's Facebook wall, the message of the card is kept private. Would you like to just send money? You can just enter the amount of money and login to PayPal to complete the payment.