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Skype Planning Money-transfer System Via Paypal

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Skype Planning Money-Transfer System via PayPal

Web telephone calling service Skype will shortly begin allowing users to send money to other Skype users via the PayPal online payments system, Skype co-founder Niklas Zennstrom said on Tuesday.

Speaking at a technology conference in Silicon Valley, Skype Chief Executive Zennstrom said the company is working with PayPal, but declined to say exactly when the service would be made available to Skype's tens of millions of global users.

Both Skype and PayPal are units of online auction leader eBay Inc.. PayPal is already the most popular way that Skype users pay for long-distance Skype phone calls to other phones.

"You can send money over Skype," Zennstrom said of the upcoming service plan. "This is basically connecting the Skype community over PayPal. All the user needs is a PayPal account."

--news.yahoo.com 2007-03-20

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