PayPal have launched their latest Business Cashback Mastercard in the US and it pays 2% cashback so certainly isn’t to be sniffed at. The PayPal Business Cashback Mastercard enables you to spend them where ever you see the Mastercard sign.
There is no annual fee and you’ll earn 2% cashback on all purchases with no limit to the cashback that can be earned. PayPal say it will help small business owners get rewarded as they make business purchases so apply for yours today.
The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal in the US. Approved businesses are provided immediate access to their assigned credit limit through a virtual card that is automatically integrated into the business’s PayPal account and is immediately available as a payment method when merchants check out with PayPal. Account and spending details are easily accessed through the cardholder’s PayPal Business account.
PayPal Business Cashback Mastercard features
- 2% cashback on all purchases without a limit on cashback earned or category restrictions
- No annual fee
- No foreign transaction fees
- Competitive APR for purchases ranging from 13.99%-29.99%
- Virtual card that can be used immediately upon approval when merchants check out with PayPal, in addition to a physical contactless card
- Free employee cards with separate account numbers
- Enhanced Mastercard benefits, including a 2-Year Extended Warranty on purchases, Cell Phone Protection, and access to discounts through Easy Savings™ and Mastercard’s Digital Merchant Offers, among other features
- Advanced security features, including Mastercard ID Theft Protection™ and Zero Liability, in addition to 24/7/365 Global Emergency Services
- Consolidated billing to eliminate expense reports and reimbursements Integration within PayPal’s merchant platform to access transactions, balances, available credit, and rewards
- Available for use at more than 90 million merchant locations worldwide – anywhere Mastercard is accepted
What’s available for UK businesses?
In the UK, the PayPal Business Debit Card is available, which gives access to spending from your PayPal account and comes with no monthly fee and 0.5% cashback on every eligible purchase. The card will first use your available PayPal balance and pull additional funds, rounded to the nearest multiple of £5.00, from your designated secondary funding source, current account or bank debit card, to complete the transaction.
0.5% might not sound as attractive as the 2% on offer for US PayPal users, but then it’s a debit card not a credit card so there’s no interest racking up if you don’t clear your balance to fund the cash back.
