Economy

You Can Now Send Money With PayPal on Skype

You Can Now Send Money With PayPal on Skype”

The PayPal partnerships keep coming. This extends PayPal's potential reach by a sizable amount - the Skype app has been downloaded over a billion times to date, and has approximately 300 million monthly active users, according to Skype parent company Microsoft, as of previous year. Send Money is available to some users in some countries today - but works for nearly any Android or iPhone device in your pocket right this minute.

Messaging apps these days aren't just for sending friendly greetings - increasingly, you can also use them to send cold, hard cash. How often will you be using this feature? PayPal handles all the money transfer business - so this transfer SHOULD work with only the sender sending. You'll want to avoid using a credit card, though, as PayPal then takes a hefty fee of 3.4% plus $0.30. PayPal for Skype on Windows Phone has not been mentioned in the update today.

Microsoft adding PayPal integration to Skype comes just weeks after the company launched an, er, garishly redesigned version of its Skype mobile app.

The following countries work with this Send Money feature as of this week.

This is the latest in a series of partnerships PayPal has announced in recent months, as it works to solidify its position against threats like Apple Pay and even US banks' own Venmo-like service, Zelle.

"With over 1bn Skype mobile downloads to data globally, users will be able to use PayPal directly from their Skype app to seamlessly send money in the moment - like for a gift for a family member across the country or internationally".



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