With too many Facebook applications to name, it’s hard to keep afloat with the latest and greatest.

UK-based Moneybookers (Paypal competitor) will offer their customers and Facebook users the ability to use an app to transfer money to and fro. Billed as a “social fundraising” application, the project is currently in beta mode, expected to be released to the general public some time in June.

Moneybookers currently has 4.6 million customers, and will likely see that number head north with the new app. The site requires identity verification before using their service to minimize fraud and prevent money laundering. Their fee structure is comparable to Paypal’s.

I’m all for charity, but let’s hope this doesn’t turn into another vehicle for bloggers to beg for ‘donations’ they don’t need (or deserve).

Will you roll the dice on completing a financial transaction within the Facebook framework?

Originally posted on May 16, 2008 @ 2:48 pm