A new P2P payment application for Facebook has been launched that allows you to send or receive money up to a value of €50. Buxter, developed by ClickandBuy, has a wide range of possible uses, from paying a friend your share of the previous evening’s restaurant bill, to giving someone money for their birthday, to making a donation in support of a charity. The Facebook application can be found here: http://apps.facebook.com/mybuxter.

The Buxter Facebook application will also allow you to develop applications for Facebook to boost your revenues in a quick and easy way.

To send money, all you have to do is be connected to the intended recipient on Facebook. Select a friend’s name from a drop-down list, enter the amount to send, and it’s sent, free of charge. To load money onto a Buxter account, you have to set up a ClickandBuy account. You will then be redirected to the ClickandBuy site to do this. Once this is done, deposits to Buxter can be made via credit card, debit card, direct debit or Payzone voucher.

To receive this money, you have to accept the Buxter Facebook application and enter an email address. Receiving money is also free of charge.

The money will sit in the Buxter account until sent to someone else, used for a purchase inside Facebook, or until you want to withdraw it. Withdrawing money back to a ClickandBuy account – in order to access the money that has been sent to you – is charged at 1.9% (min. €2 or $3). The Facebook application will initially be available in Euros and US Dollars.

ClickandBuy has been providing online payment solutions since 1999. It currently works with over 16,000 online traders including iTunes, Orange, Vodafone, msn and the Financial Times Deutschland. Founded in 1999, the online payment system is operated by ClickandBuy International Ltd. in London. As an e-money institution licensed by the UK’s Financial Services Authority (FSA), ClickandBuy’s complete service includes 120 currencies and offers 50 national and international modes of payment throughout 30 countries.