US online payment processing services provider ClickandBuy has made a payments application available for Facebook members.

With Buxter, Facebook users are now able to transfer, receive and request money from other Facebook users. In addition, they can withdraw their money from their ClickandBuy account, for a fee of 1.9 percent. Initially, payments up to EUR 50 will be possible in two currencies: EUR and USD.

The application is also aimed at third party developers who will gain access to the  "Buxter"-Facebook interface (API), enabling them to create individual business solutions within Facebook and then receive payments through "Buxter".

"Buxter' is the application that will see Facebook members use the platform not just as a way to stay in touch but also as a fast, easy and secure way to exchange money or buy and sell products and services", according to Charles Fraenkl CEO, ClickandBuy, cited by Earth Times.

In 2009, the company`s online transactions volume reached a threshold of EUR 1 billion. On 14 December 2009, ClickandBuy recorded more than 210,000 transactions within 24 hours. ClickandBuy's complete service includes 120 currencies and offers 50 national and international modes of payment throughout 30 countries.