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PayPal launches bill-pay service

Online payment company PayPal introduced a new bill-payment service Friday. The service allows customers to pay more than 1,000 preset billers, including phone, credit card and utility companies. Customers can pay bills using their PayPal balances or their bank accounts. The service is available only to customers who have linked a bank account to their PayPal account.

Online payment company PayPal introduced a new bill-payment service Friday. The service allows customers to pay more than 1,000 preset billers, including phone, credit card and utility companies. Customers can pay bills using their PayPal balances or their bank accounts. The service is available only to customers who have linked a bank account to their PayPal account.