The PayPal Business Debit MasterCard will give you 1% cash back on all eligible purchases with no annual fee.
You’ll get 1% cash back transferred directly into your account when you use your card for eligible purchases, including purchases made online, over the phone, or that require a signature.
The 1% cash back will be earned on net purchases when the receipt is signed or when the purchase is authorized as a credit transaction by phone or online.
Purchases made using a PIN are not eligible to earn cash back.
Once you sign up for your PayPal Business Debit MasterCard, additional enrollment is required to receive the 1% cash back rebates.
To enroll your PayPal Business Debit Card, just visit paypal.com/debitcardsummary and click “Enroll Now” (you must be logged in to your PayPal account).
It may take up to 48 hours after enrollment for you to begin accruing cash back.
You can use your PayPal Business Debit MasterCard wherever it is accepted for purchases in store, online, or by phone, including your monthly bills, and you can earn the 1% cash back on all of those purchases.
There is no limit to the amount of cash back that you can earn.
If your business accepts PayPal Online Payments, then the PayPal Business Debit Card will allow you to access the money in your account immediately, without having to wait for a transfer to your bank account.
The PayPal Business Debit Card lets you immediately withdraw cash from your PayPal balance at ATMs ($ 1.50 fee per U.S. ATM withdrawal) and participating banks ($ 3.00 fee per signature withdrawal if signature is required).
There is no annual fee for the PayPal Business Debit MasterCard.
Eligibility for 1% Cash Back Program
You must have a PayPal Premier or PayPal Business Account.
Your PayPal Business Debit Card purchase must be an online or signature-based purchase that does not require a PIN (personal identification number).
Some merchant locations offer you the option of choosing “Credit” or “ATM/Debit” when making a payment. To qualify for cash back, you must choose the “Credit” option.
Transactions eligible for cash back include: purchases you sign for; purchases from online merchants; and catalog or telephone purchase.
Transactions that are not eligible for cash back include: purchases that require your PIN and cash withdrawals.
Merchants may process your debit card payments as PIN-less debit transactions. If processed in this manner, the transaction will not be eligible for cash back.
Your PayPal Business Debit Card must be in good standing at the time you make an eligible purchase and when PayPal makes the cash back payment.
Your PayPal Business Debit Card must be active (used for at least 1 eligible online or signature based purchase) in the past 12 consecutive months, or your account will no longer be enrolled in the Cash Back Program, and you must re-enroll in the program to be eligible to begin accruing cash back again.
The cash back program is not available for the Consumer Debit Card or the Student Debit Card.
Payouts for 1% Cash Back Program
The cash back will be calculated at the end of each calendar month and added to your PayPal Account Balance.
Payouts must be at least $ 1.00 USD per month for the amount to be added to your PayPal Account Balance.
Otherwise, $ 0.00 USD will be added to your PayPal Account Balance for that previous month.
Consumer PayPal customers may wish to enroll in the PayPal Prepaid Card to earn a $ 5 sign-up bonus and 5% APY on your savings account deposits.