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PayPal launches its first business debit card in Ireland with unlimited cashback

Written by Robert McHugh, on 24th Sep 2020. Posted in Financial

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PayPal has launched its first Business Debit Mastercard in Ireland, offering business customers instant access to their available PayPal funds or PayPal balance for online and in-store business purchases.

As part of the new service, PayPal is also offering unlimited cashback for Irish business account holders.

The new Irish PayPal Business Debit Mastercard has no monthly fees and offers uncapped 0.5% cash back on every euro spent. The amount will be automatically credited to the user’s PayPal business account at the beginning of the following month.

There are no monthly fees for the PayPal Business Debit Mastercard. In addition, no foreign or exchange rate fees are charged when using the card for international purchases. Cash can also be withdrawn from ATMs with a fixed fee of €2 per transaction worldwide.

Speaking this week, VP Merchant Operations at PayPal EMEA, Maeve Dorman said, "This is a significant milestone for PayPal in Ireland as we launch a business debit card here for the very first time. The PayPal Business Debit Mastercard provides our business customers with a fast and easy way to use their PayPal funds, both online and in-person, throughout the world. It’s the latest example of how we are supporting Irish businesses and helping them to seamlessly manage and move their money."

She added, “We also fully understand the challenges that Irish businesses are facing since the onset of COVID-19. We believe that this new service is now more relevant than ever and will support organisations as they look to adjust and thrive in the new way of doing business.”

Source: www.businessworld.ie

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