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FILE - This March 10, 2015, file photo, shows signage outside PayPal headquarters in San Jose, Calif. PayPal reports financial results on Wednesday, April 27, 2016. (AP Photo/Jeff Chiu, File)

PayPal and Skype have partnered on a money sending feature


Skype on Wednesday announced it had partnered with PayPal on a new feature that lets its users send each other money.

“At Skype, we work to make your life easier and more efficient,” the company said in a blog post.

“That’s why we developed Send Money, a Skype feature that allows you to transfer funds via the latest Skype mobile app while you’re in the middle of a conversation using PayPal,” Skype’s blog added.

“Whether it’s to send money to your daughter studying abroad, reimburse a friend for grabbing milk at the store, or one of a million other reasons you might need to transfer cash, Send Money makes it easy and efficient.”

Some Twitter users on Wednesday debated the merits of the new feature, which lets Skype users sync with their PayPal accounts and then send money within the former’s mobile app.

GeekWire reported that Send Money is available in 22 countries, provided users in each have the latest version of Skype’s Android or iOS apps.

PayPal earlier this year reportedly made similar pacts with Apple, Microsoft and Slack to integrate its payment platform into their apps and services.

The company purportedly estimates more than $7 million in peer-to-peer transactions occur each hour across PayPal, Venmo and Xoom.

Skype, for its part, announced in 2016 it has more than 300 million users, and the social messaging app also experienced a design revamp in June.

Microsoft acquired Skype in 2011 for $8.5 billion, and it has since implemented several new features to distinguish it in the increasingly crowded messaging app market.

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