Paypal debit card offers some incredible features for both the consumer and the business owner. As a Mastercard company, the options and locations the card can be used is almost limitless. Paypal debit card can stay in your wallet while you make your purchase on your phone. There are no fees while using the Paypal debit card in the US. There are minimal fees internationally.
For any unauthorized purchase, the Paypal debit card has a zero liability policy. Instead of only getting particle money back, you will get all of it back. There is no annual fee and you can withdrawal money from any ATM. The debit card also offers a 1% cash back on certain items. There is a complete list of the items on the Paypal website.
Paypal Debit Card Benefits with the Application
The Paypal debit card is an easy to use on the Paypal application, downloadable for both Apple and Android users. The application has is partnered with many banks, so the consumer can add and store their cards in one convent location on the Paypal application.
Once you download the application, is a simple two step process. First, you plug in your email addressing and password combination. Second, you find the business location and purchase. It’s secure, so there is a constant reassurance that you are protected.
You can buy online, in store or on your way to the store. If you pre-order, you can skip the line and automatically get your purchase as soon as you walk in.
Sharing and sending money is also easy and free within the US. Internationally, the fee is between .5% and 2% per transfer. You can even send reminders to your family and friends for helping with different jobs.
Paypal Debit Card Business Benefits
Businesses pay the fees for consumers to use the Paypal debt card. However, the rate is rather low. Businesses pay, at most 2.9% per transactions. Having the partnership with Paypal creates more customers and more sales. The fee seems minimal when sales start to rise.