PayPal and Mastercard launch UK debit card with unlimited cash back for businesses
PayPal has launched its first UK business debit Mastercard, offering its business customers instant, worldwide access to their PayPal funds for online and high street business purchases and unlimited cash back on their spending.
Mastercard is the most widely accepted card in the world, meaning PayPal’s UK business customers can now spend money held in their PayPal account at over 45 million Mastercard acceptance locations worldwide. The card has no monthly fees and offers uncapped 0.5% cash back on every pound spent. There are no foreign exchange fees and a flat ATM withdrawal charge of £1 worldwide.
The launch of the PayPal Business Debit Mastercard in the UK marks the latest step in PayPal’s global partnership with Mastercard. Since 2016, the two companies have been working together to improve the payment experience for customers online and in-store, and empower millions of business owners to seamlessly manage their money.