The latest messaging platform to integrate a payment service is one of the oldest as well – Skype. The Microsoft-owned messaging service today announced an update which will allow users to send money through PayPal to their friends and family. The feature will be initially available in twenty-two countries including the U.S., the U.K., Austria, Belgium, Canada and more.
Like every other implementation in the market, you’ll be able to use Skype’s mobile app and with a click of a button, transfer money to someone else. However, this isn’t a business-oriented tool right now and is quite barebones, unlike other advanced platforms out there. Despite that, though, this significantly expands PayPal’s reach as Skype currently sustains over 300 million monthly active users. However, Skype has lost its original touch and with the recent makeover, has disappointed a ton of its loyal users.
To use this new feature, all you need to do is head over to a particular chat from the “recents” list or the search. Make sure you have the latest version of the Skype app installed. Then, select “Find” on the top bar while in conversation with a friend or family member, and choose the “Send Money” add-in. Type the amount you’d like to send, confirm the transaction and hit send.
The transfer rates aren’t any different from PayPal’s other integrations either. Sending is free as long as you use your PayPal balance or a debit card in the United States. Using a credit card will cost you an extra 3.4 percent of the transaction amount plus $0.30. PayPal has been aggressively extending its services to various other third party services as competition from mobile payment solutions continue to grow. It recently also announced partnerships with Samsung Pay, Android Pay, and Baidu.
The new update will be gradually rolling out today to Skype’s Android and iOS apps in the US and other support regions.