PayPal™ UK has launched a new payment card that lets customers spend and withdraw money from their PayPal account on the high street and everywhere that MasterCard is accepted around the world.
A PayPal Access Prepaid MasterCard® holder who receives a PayPal payment can spend or withdraw the money straight away with the card - there's no need to transfer it to a bank account*. The card holder has direct access to their available balance and can manage their card online via a simple single sign-in process.
Customers can also make instant 'tap and go' payments of up to £15 without entering a PIN, with the new MasterCard PayPass technology.
Apur Shah, Head of Consumer & Credit Products at PayPal, comments: "PayPal is becoming a great way to pay on the high street as well as online. 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."
Gilles Coccoli, Managing Director of PrePay Solutions, adds: "The new card is a highly integrated and innovative product that has been carefully developed to meet the needs of PayPal customers. The addition of the new MasterCard PayPass technology is a first for PayPal in the United Kingdom and gives users even greater convenience."
The PayPal Access Card is being offered to selected PayPal UK customers.