In the final dash, habitually late holiday shoppers are spurning the madness of malls and e-commerce sites and offering cash gifts instead as a practical, efficient gift during the economic crunch.

On PayPal, eBay’s online payment unit, the number of cash gifts through PayPal Send Money grew 164% from June to December. Start-up Lottay.com, an online gift-giving service that is a partner of PayPal, says the number of cash gifts given through its site has increased eight times since November, to 1,043 in December. This month, Lottay users requested $11.2 million in cash.

Full Story Via USA Today

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