Facebook and PayPal Expand Partnership By Introducing New Invoicing Extension

    Author Caroline HarrisPosted on Categories Credit Services, Financial, NASDAQTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    PayPal

    After the 2016 presidential election, Facebook, Inc. (NASDAQ:$FB) has been at the center of the U.S. political drama. At least, however, the Menlo Park, California-based company is keeping up their friendly relationship with PayPal Holdings (NASDAQ:$PYPL).

    On Tuesday, both companies disclosed that users are now eligible to send invoices over Facebook Messenger. This is a clear expansion of a partnership announced in October, which stated that Messenger users would be able to connect their PayPal accounts to the platform in order to send and receive money.

    How Does It Work?

    Users will be able to create an invoice within the Messenger platform and then send it to the buyer’s address. Right now, this new invoicing extension is available only in the United States, which makes sense considering PayPal Holdings has more than 2.5 million accounts already connected to Facebook.

    By entering into a partnership, Facebook Messenger has the potential to become a key rival in the mobile payment services sector.

    Featured Image: twitter

    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.