The biggest growing payments giant today announced a new deal with Skype that will allow users in 22 countries worldwide to send money to other Skype users through an updated version of the Skype mobile app. 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 last year.
To use the payment feature, you have to update the latest version of the Skype mobile app. Then, you have to select “Find” on the top bar while in conversation with a friend, family member or colleague, and choose the “Send Money” add-on. You just have to type the amount to send, confirm the payment, and click on send to complete the transaction. Hurray!
To be Honest, the feature is designed for sending money between friends and family – not payments for goods or services from a business. And like PayPal’s p2p payments on other platforms, the rates are the same. That is, sending is free when you use your PayPal balance or debit card in the U.S. If you choose to use a credit card instead, the fee is 3.4 percent of the transaction amount plus $0.30.
PayPal says the ability to send money will begin to roll out today to Skype users on iOS and Android, in the U.S. and elsewhere.
Below is the full list of supported countries for Skype+ Paypal:
Would you like to have a Paypal in your skype? comment below.