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PayPal launches pre-paid card

PayPal to release pre-paid card for use online by customers who prefer the cash only approach.
| Business, Financial & Legal News | Posted: Dec 13, 2012 7:39 pm

PayPal is launching the PayPal My Cash Card, a pre-paid card that allows people to make PayPal web purchases without having to use a credit, debit or banking account. The card is aimed at making online buying much easier for those who may not have access to a credit card or bank account.




The card will be avaliable at 30,000 U.S. retail locations including CVS, Rite Aid, Fred's Super Dollar and Dollar General Stores. Customers can buy card with fixed amounts of $50 and $100 or load a custom amount ranging from $20 to $500 at a time. This is a big deal for weary would-be online consumers who have refrained from purchasing online due to security concerns.


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