As a result of the initiative, which is part of part of Yahoos Open Strategy program, PayPal account holders can send money directly to email contacts within the Yahoo! Mail service via the Send and Request Money application.
By clicking on the PayPal icon on the Yahoo! Mail sidebar, customers who have a PayPal account can either send or ask for money. If users want to use the application to request money, they must provide the email address of the person who will send the money, specify the amount and insert a short description. The information will be included in a Yahoo Mail email which will be sent to that person. In case they want to send money, users must introduce the recipients email address and the sum of money, choose a certain payment option (bank, balance or credit card) after which they are re-directed to the PayPal website for payment confirmation.
The applications are currently in beta phase. Other third-party applications which have been made available include online photo-editing suite Picnik and cloud-storage service Zumo.
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