Is Paypal Wishlist a SCAM? Just got my 98 dollars from paypal

I got to know about the Paypal Wishlist which is a facebook application around three days back on December 2^nd, 2009 by one of my friend and since then I started hunting and researching if this facebook promo a scam or not. I think it is not only me, as there are many people around the world who are investigating if this is really a scam or not. It might be possible that you are also looking out for the same. If yes, then I would like to tell you that Facebook owners do not approve any outside application if it is a scam because they would be having serious problems if any of their applications, either build by them or others but associated with them, is a scam.

Countries eligible for payment (1 dollar per friend up to 100 dollars) for just downloading PayPal WishList Application via Facebook are India, Malaysia, Thailand, Korea, Philippines, Vietnam, Indonesia, and Singapore.

Is PayPal WishList a SCAM or not?

I am pretty sure that this Paypal Wishlist application is not a fraud or scam because if it is, facebook will lose its trust on millions of users using its applications and other products for social networking or for business plus facebook’s share prices would go down if that happens.

Have you ever thought that why paypal has been paying 1 dollar to each person just for signing up with the paypal wishlist? It is because many of our facebook friends have to create a paypal account yet and if paypal is able to get merchants sign in and start doing business with paypal or use paypal, paypal will earn. I have been using paypal for around three years now and whenever I receive a payment, paypal gets a certain share for fees and this fee is not cheap, it must be definitely more than 1 dollar and Paypal earns more money in the name of fees whenever we withdraw money to our bank accounts. Paypal also earns money forex conversion. I have set dollars as currency in my paypal account and whenever I withdraw money to my Indian bank account, paypal converts it to Indian rupees and sends these rupees to my bank account in India.

It is for sure that the money Paypal has spent in building and applying this WishList application in contract with facebook is nothing when it is compared to the new businesses Paypal is getting through Facebook users converting them into new Paypal users and because PayPal and Facebook have used word of mouth advertising and used social networking to get business, they do not have to invest heavily in traditional media advertisements like TV ads, Print ads, and radio ads, so the PayPal WishList promo has become a new concept of manual advertising.

Besides countries eligible for payment, what are other eligibility requirements or terms and conditions for earning money with PayPal WishList Application?

1. A person should be at least 18 years of age and should have a valid working PayPal account and valid registration address and should be located in at least one of these countries: India, Malaysia, Thailand, Korea, Philippines, Vietnam, Indonesia, or Singapore. I remember Paypal having referral programs like these in other countries and this time I think PayPal has been targeting Asia Pacific in order to become widely used payment system in this region.

2. The PayPal WishList promotion began at 00:00:01 Singapore Standard Time (“SST”) on 16^th of November 2009 and will end at 23:59:59 SST on 31^st of December 2009 (”Promotion Period”). I like this PayPal WishList promotion because they are using the power of social networking to promote PayPal. The plus point is that everyone joining from eligible countries is getting rewarded for sharing it with their friends.

3. In addition, you can share PayPal WishList with your friends via Facebook and for sharing this wishlist with each friend who will then download and will create his/her own PayPal WishList via your invitation, PayPal will pay you additional 1 USD up to maximum total sum of 100 USD for each PayPal account.

Important Note: If you are residing outside the Eligible Countries, you can download the PayPal WishList; but you will not get any reward for participation in this Promotion. Plus, you will not be able to get US $1 or cash for those PayPal WishLists that are created by a person(s) outside the eligible countries, even if the sum stating “YOU HAVE EARNED” on your Facebook page may indicate, otherwise. This means that when the Promotional Period will end, you may be entitled to less dollars than stated on “YOU HAVE EARNED” counter on your PayPal WishList Facebook Application page.