Posted by  on November 21, 2011 in Money & TechnologyTravel TipsNo comments

You might want your parents to get Facebook after all..

Facebook launched a new app this week that lets users send money through PayPal. Instead of mailing a birthday card to a friend you can now post a $20 dollar bill to their Facebook wall. Cool. The only catch is that Paypal charges a 2.9%fee on the transfer, the same amount they charge on their website.

Study abroad students, I think it’s time to accept those awkward pending friend requests.