PayPal, Mastercard expand card partnership

Wednesday, 23. September 2020 09:19

PayPal and Mastercard announced on Wednesday that they are launching the PayPal Business Debit Mastercard in Austrial, France, Ireland, Italy and Spain to enable small businesses to access their PayPal funds quickly amid the COVID-19 pandemic.

The card, which comes with no monthly fee, offers a 0.5% cash back option on all eligible purchases and gives users the chance to use their PayPal funds at all places that accept Mastercard. Owners of the card will also not be subject to foreign exchange fees and will have a standardized €2 fee for all ATM withdrawals globally.

The debit card is already available in the United States, United Kingdom and Germany.

Related Links: MasterCard IncorporatedPayPal Holdings Inc.
Breaking the News / VP