NEW YORK (TheStreet) -- Shares of PayPal (PYPL) - Get Report were lower on heavy trading volume late Monday afternoon as the payment solutions provider expands its collaboration with social media company Facebook (FB).

PayPal said that it would begin offering a payment service for U.S. Facebook users, allowing customers to link their PayPal information to their Facebook and Messenger accounts. Users will be able to pay merchants over Messenger's commerce feature.

Additionally, users will get notifications and receipts for PayPal transactions through Facebook Messenger.

With the partnership, Facebook merchants will be able to connect with PayPal users in a more direct way.

When Facebook unveils its native payments feature for Messenger, merchants will have the option to select PayPal payments directly through automated chat bots.

Last year PayPal's Braintree mobile payment subsidiary partnered with Facebook and ride-hailing company Uber to allow users to call cars and pay for rides from Facebook's Messenger app.

Additionally, last week PayPal reported higher-than-expected revenue for the 2016 third quarter.

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More than 14.30 million shares of PayPal have traded hands so far today vs. the 30-day average volume of 9.09 million shares.

Facebook stock was climbing in late afternoon trading on Monday.

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Separately, TheStreet Ratings objectively rated PayPal stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

You can view the full analysis from the report here: PYPL

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