The new PayPal Business Cashback Mastercard® is among the industry’s leading cashback business credit cards with no annual fee and 2% cashback on all purchases with no limit to the cashback that can be earned.
PayPal Holdings Inc. announced it is expanding its suite of credit offerings to include a new business credit card to better meet the everyday financing needs of small business owners. The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal.
„The card has no annual fee and rewards cardholders with 2% cashback on all purchases with no rewards earning caps or expiration, making it among the highest cashback rewards value available,” according to the press release.
The other cardholder benefits include „competitive APR for purchases ranging from 13.99%-29.99% and no foreign transaction fees”. Also, it’s available the integration within PayPal’s merchant platform to access transactions, balances, available credit, and rewards.
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.
The PayPal Business Cashback Mastercard was developed in conjunction with Austin-based Concerto Card Company, WebBank and Mastercard.
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PayPal continues to support small businesses by providing more ways to accept payments, grow their business and access financing solutions, including PayPal Working Capital, PayPal Business Loans, and now the PayPal Cashback Business Mastercard.
The PayPal Business Cashback Mastercard® is issued by WebBank pursuant to a license by Mastercard International and serviced by Concerto Card Company. The lender for PayPal Business Loan and PayPal Working Capital is WebBank, Member FDIC.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
