Over the next few weeks, PayPal will roll out physical payment cards to eligible U.S. PayPal Credit customers, adding a tangible way for consumers to pay for in-store purchases. The cards, issued by Synchrony, expand on PayPal Credit’s digital offering and will be usable everywhere that Mastercard is accepted. Eligible existing PayPal Credit customers will be notified about their card upgrade during the coming weeks.
“PayPal Credit is one of our most popular products and customers have long been requesting the ability to use it on the go as they look for more choice and flexibility wherever they shop,” said Scott Young, SVP, Global Head of Consumer Financial Services at PayPal in a statement. “From our buy now, pay later options to our credit cards, we continue to bring customers a range of solutions to help them manage cash flow and pay in the ways that suit their budgets for the things they love and need.”
To promote the new physical cards, PayPal Credit has made a limited-time offer to pay for travel purchases such as flights, hotels, cruises and ride shares over a six-month period with promotional financing and no minimum spend. Additionally, customers can continue to enjoy six-month promotional financing on PayPal purchases over $149.
“Bringing together Mastercard’s global acceptance network with PayPal’s trusted digital platform, this new offering extends PayPal Credit with a physical card that empowers cardholders to shop seamlessly and confidently everywhere — whether they’re booking summer travel or making everyday purchases,” said Adam Granoff, EVP, Global Partnerships at Mastercard in a statement.
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