PayPal has partnered with MasterCard to launch a new payment
card that enables customers to spend and withdraw money from their
PayPal account at POS terminals and ATMs.
The initiative means that a PayPal Access Prepaid MasterCard
holder who receives a PayPal payment can spend or withdraw the
money straight away with the card, without the need to transfer the
funds to a bank account.
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The card is NFC-enabled, and has an online customer portal to
enable card-holders to manage their accounts.
Apur Shah, head of consumer & credit products at PayPal
said: “The new Access Card gives our customers even more places to
use PayPal, along with instant access to their PayPal balance. It
will be a great option for businesses and other sellers on eBay and
other websites.”
PayPal said the Access Card is being offered to selected PayPal
customers in the UK.
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