Skype has been used all over the world for communicating through video or audio calls. 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. PayPal has partnered with Skype and 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 will allow people to use PayPal for transfer money in a quick.
This has been announced to send money between family and friends, this cannot be used for any business purpose. Like PayPal’s peer-to-peer 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.
To use the feature, you’ll need to be on the latest version of the Skype mobile app. Then, you’ll select “Find” on the top bar while in conversation with a friend or family member, and choose the “Send Money” add-in. You just type in the amount to send, confirm the payment, and hit send to complete the transaction.This is the first time , Skype has enabled a send money feature on mobile with PayPal, the company says.
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 U.S. banks’ own Venmo-like service, Zelle. And it’s doing so by partnering with former rivals, including Apple, as well as Visa and MasterCard, among others.
The company has also recently announced integrations with Samsung Pay, Android Pay, and Baidu; and extended its partnership agreements with Citi and Chase. And on the technology side of things, PayPal has introduced instant bank transfers, Siri integration, support for payments in iMessage, Slack, and Microsoft’s Outlook.com.
Supported markets includes: the U.S., the U.K., Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia and Spain.