You Can Now Send Money With PayPal in Skype App on iPhone and iPad

Skype today announced that users across 22 countries can now send money with PayPal in its mobile app for iOS and Android.


Skype said the person-to-person payments feature is rolling out today in the United States, United Kingdom, Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia, and Spain.

Where available, users will need to link their PayPal account to their Skype profile. In a chat, users can then swipe right, tap Send Money, and complete the near-instant money transfer process, which is handled by PayPal. Both the sender and recipient must reside in one of the 22 countries supported.

PayPal within Skype will support currency exchange as usual. If a user is sending funds from the United States, for example, to someone in Europe, the user will have the option to send money in euros if preferred.

The feature will require the latest version of Skype for iOS, available as a free download on the App Store [Direct Link]. However, users receiving money can have any version of the Skype app installed.

Tags: Skype, PayPal

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Apple Adds PayPal as Payment Option for iTunes, App Store, and Apple Music

From today, PayPal customers in the U.K., Australia, Canada, Mexico, and the Netherlands can use their PayPal account to pay for App Store, Apple Music, iTunes, and iBooks purchases made on their Apple devices. PayPal said on Wednesday the option would be rolling out to other countries including the U.S. soon after.

Previously, Apple users were only able to pay for transactions using a registered bank card or gift card. The new option means it's now possible to make purchases across iPhone, iPad, and iPad touch and Mac using a PayPal account. To select PayPal in the payment method options on iOS, go to Settings -> iTunes & App Stores and tap on your Apple ID, then select payment information. The same options can be found in iTunes on Mac or PC via the Account Quick Link.

Once users have updated their account settings for the above services, all future purchases made with the customer's Apple ID will be automatically charged to their PayPal account. This includes purchases of apps, music, movies, TV shows, and books, as well as Apple Music subscriptions and iCloud storage.

The new payment option brings PayPal's One Touch service to Apple accounts for the first time, meaning users can purchase from all Apple devices including Apple TV and Apple Watch, since they don't have to sign in every time they want to make a transaction. PayPal said the system provides a "secure and versatile payment method to meet the growing demand for digital entertainment."

(Thanks, Rick!)


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PayPal CEO Doesn’t Think Apple Pay’s Peer-to-Peer Payments Update Will Hurt Venmo

In a new interview with The Telegraph, PayPal CEO Dan Schulman discusses a wide range of topics covering the origins of the company, its history with eBay, and potential competition with Apple in the peer-to-peer payments space. PayPal owns Venmo, one of the most popular P2P payments apps available today across iOS, Android, and the web, and Schulman cited this availability across various operating systems as a "powerful advantage."

Schulman said that many users have a variety of devices sold by different companies, and the ability for Venmo to be on all of them is where it will stand out from Apple Pay's upcoming P2P update, which will be able to send money through Messages only on Apple devices.

Image via The Telegraph
“We’re technology agnostic,” he said in an interview with The Telegraph. “Many individuals are [a] multi-operating system; they can have an Android phone, a Microsoft PC and an Apple tablet. You don’t want a different payment methodology on each of those things … you want a consistency across that.

“We try to offer a consistent value proposition, that’s end-to-end, across operating systems and device type. It’s a powerful advantage we have.”
PayPal and Venmo also control several parts of a payment process made through its apps, including risk assessment and customer protection. Shulman stated that the company owns "the full value proposition" of a payment made between users on Venmo, while Apple "can only provide what they hope is a good user interface."
Unlike Venmo, Apple’s service will not work on Android phones or Windows laptops, and whereas Apple has to work with credit card companies to make payments, PayPal controls several parts of the payments process, such as risk assessment and customer protection.

“We own the full value proposition, Apple can never do that because they don’t do the risk associated with it, they don’t do the onboarding, they can only provide what they hope is a good user interface. We try to provide that end to end value proposition and very importantly we do it across operating systems.”
Apple Pay's P2P update is set to launch this fall with iOS 11. During the announcement at WWDC, Apple said that when users get paid they will receive money in a new "Apple Pay Cash" account, which they can then use instantly to make a purchase using Apple Pay in stores or online, send as a payment to someone else, or transfer it from Apple Pay Cash to their bank account.

Related Roundup: Apple Pay
Tags: PayPal, Venmo

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