PayPal announces support for prepaid gift cards for online purchases

PayPal has began letting customers pay for purchases using gift cards.

@CharlesJGantt

Published Wed, Nov 27 2013 4:37 PM CST | Updated Sat, Aug 8 2020 10:29 AM CDT

Today PayPal announced that it has began supporting prepaid gift cards through PalPal Checkout for online purchases. This is big business for PayPal and many online retailers who do not normally accept prepaid gift cards because they do not have an address attached to them.

PayPal announces support for prepaid gift cards for online purchases | TweakTown.com

PayPal will be collecting a 2.9-percent fee per purchase as well as a $0.30 per transaction fee each time you swipe the gift card. This new offering from PayPal is yet another push to generate even more revenue streams and should prove to be quite profitable over the holiday season. Would you rather receive a gift or a gift card over the holidays? Let us know in the comments.

NEWS SOURCES:techcrunch.com, paypal-forward.com

Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.