PayPal has unwrapped its holiday promotions for this year: the PayPal CrazyHour and the PayPal WishList.

Buyers who make a purchase and pay using PayPal during one of PayPal’s CrazyHours may win one of the many prizes up for grabs, including Agoda travel vouchers, a Macbook Air, a personal party for five in Phuket and a top prize of $25,000 in cash.

The PayPal CrazyHour comprises of random one hour slots until 31 December 2009, which PayPal is counting down at www.paypal-apac.com/crazyhour.

PayPal users eager to take part in this promotion can shop at any site that accepts PayPal during the CrazyHour to win a prize. If they’re looking for a one stop shop for their online purchases, they can check out PayPal’s Asia Mall at www.paypal-apac.com/apac-mall. Major Asian online retailers, such as Sasa.com, Razer and DigitalRev, are offering a range of promotional offers to PayPal customers who use this online mall, from 20 percent discounts to free warranties, free shipping and more.

PAYPAL WISHLIST

The PayPal WishList is a new Facebook application where users can post the five top gifts they want to receive for the holidays this year on their Facebook pages.

All they need to do is simply download the application, select their items, and share it with their friends. Shopping for great deals to fulfil the WishList will be easy in PayPal’s Asia Mall and with other merchants who accept PayPal.