When PayPal was introduced, it was great. Users who recruited new users received $5, as did the new user, and when it cam to making purchases on eBay, one felt better using the online pay format, rather than a traditional bank card. Some people have learned so much about the ins and outs about the former Elon Musk company, the have abandoned traditional banks and utilize them exclusively.
Now, through a partnership with Skype, sending money to others just got easier. It seems like everything one turns around, there are half a dozen new payment options. Apple Pay, Google Pay, Tap Pay, Air Pay, you name something with pay or pay something, it is either available, coming, or being designed right now. But utilizing PayPal, along with Skype, there is a new, easy way that allows users to send and receive money. It is available in over 20 different countries. The only drawback right now, to access the pay feature, users must be logged in and using Skype through their mobile app.
There are more than 300 million monthly users who are active on Skype. This makes for a potential instant money maker for both parties. And to use the system, it is very simple. User chatting with other users can just use the Find feature in the mobile version of Skype and pick the option to Send Money. Confirm the amount to be transferred and it is done. We can see it now, starving college students finagling pizza or beer money out of their folks during a weekly Skype chat home, according to TechVibes.
However, the service is not meant only to feed starving college kids. It is meant for all family and friends. Rates fall under the normal PayPal transfer methods, which means there are no fees, unless you use a credit card. As long as there is a balance in the account or money is coming from a linked debit card, no extra fees are added on. Now, at this time, this service is not meant for business transactions, but it is expected to be added soon.
The partnership with PayPal comes soon after Skype landed other major partnerships, including integration with Siri and iMessage through Apple, Android Pay, and Slack. There are likely other partnerships in the works from Skype.
This partnership helps people from having to open multiple apps to talk to a friend or family member and then send them money. No more logging into multiple accounts. This is something that many companies are starting to use, like Apple’s Wallet, allowing not only multiple forms of pay in one place, but also gift cards and frequent buyer club cards. The idea is to make things easier for the users.
The new features launched Wednesday in 20 countries including the U.S., UK, Germany, and Canada. More countries will likely be added in the near future.
By Cletus Dillwood
Image Courtesy Skype and PayPal