Original URL: http://www.theregister.co.uk/2007/03/21/paypal_goes_skype/

Skype users to get PayPal

Payments by VoIP

By John Oates

Posted in Mobile, 21st March 2007 11:40 GMT

Skype will soon offer users the ability to transfer money using PayPal.

Both companies are owned by eBay, so integrating the two isn't the biggest surprise. eBay paid $1.5bn for PayPal in 2002 and bought Skype for $2.6bn in 2005.

Skype chief executive Niklas Zennstrom told Reuters: "You can send money over Skype. This is basically connecting the Skype community over PayPal. All the user needs is a PayPal account".

A spokesman for the company said the service would likely launch within a month.

In other news, PayPal said it has nearly 35 million accounts in Europe. In 2006 the company transferred $8.4bn in European transactions. PayPal has offices in 15 European countries.

Forrester Research reckons 23 per cent of European internet shoppers prefer paying by PayPal. ®