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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.

By Charles Gantt from Dec 13, 2012 @ 13:39 CST

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.

paypal_launches_prepaid_card_1

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.

NEWS SOURCES:Gigaom.com


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