Paypal based Send Money feature on Skype

eBay-owned Skype would introduce payment functionality through paypal soon through the reference name of "Send Money".

Ebay announced on Wednesday the availability of Skype 3.2 Beta for Windows that has that capability, called Send Money.

"Send Money" allows users to send money to other Skype users via PayPal, which is also owned by eBay.

The new version of Skype also allows users to import their contacts from web-based email applications, such as MSN Hotmail, Gmail and Yahoo Mail.

Skype said its video-calling feature recently emerged from Beta, and is further enhanced by allowing users to instantly capture photos of themselves.