PayPal and Microsoft are teaming up to give Skype users across 22 countries the option to send money to family and friends during conversations.
The integrated payment service is available on the latest version of Skype’s mobile app and has been designed to enable friends and family to send money to each other, rather than to purchase goods or services from businesses. According to TechCrunch, the new feature can be found by clicking “Find” on the top bar during conversations. Users will then be asked to specify the amount they want to send.
Skype users wishing to send money from a PayPal balance or a U.S. debit card won’t be charged for transactions, making it similar to how PayPal’s other peer-to-peer payment platforms function. However, users that make payments with a credit card will be required to pay 3.4 percent of the transaction amount, plus $0.30.
The partnership is currently restricted to 22 countries. They include: 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.
PayPal’s decision to introduce its payment platform on Skype appears to be a no brainer. The messaging and calling app has reportedly been downloaded over a billion times and boasts approximately 300 million monthly active users, according to parent company Microsoft’s estimates, presenting PayPal with an opportunity to significantly widen its reach.
The partnership also makes sense for Microsoft, particularly as rival firms Facebook and Apple both offer their users the option to make payments.