PayPal introduced “Send and Receive Money in Yahoo! Mail”

Last week PayPal announced on the official blog that starting June 6 the online payment system has a Send and a Request Money application directly within Yahoo! Mail - making sending or asking for money easy and painless.

According to JB Coutinho, marketing manager for PayPal’s Send Money application within Yahoo! Mail, it works this way: “If you have a PayPal account, you click on the PayPal icon on the Yahoo! Mail sidebar. You can either send or request money. To request money, all you need to know is the e-mail address of the person you want to ask, insert the amount and include a brief description. The form is then automatically inserted into a Yahoo! Mail e-mail and you just press send.”

In order to send money a user needs to enter the recipients email address and the amount. Then the payment method should be selected (bank, balance or credit card) and the user will be re-directed to the PayPal site where the payment should be confirmed.