02 September 2015

PayPal launches pre-paid cash card

14 December 2012  |  6438 views  |  0 PayPal logo

PayPal has launched a 'pre-paid cash card' that Americans can buy in-store and use to top up their accounts for online purchases.

The eBay unit has developed its PayPal My Cash Card with pre-paid specialist InComm for Americans who don't have bank accounts or cards, or do not want to use them online.

Available in more than 30,000 retail locations, including Fred's Super Dollar and Dollar General stores, the 'card' is a token that users exchange for between $20 and $500 in cash at the point-of-sale.

The tokens contain a code that users enter at the PayPal My Cash Card site to load the funds directly to their account which can then be used to make purchases across the Web.

In a blog post, Patrick Gauthier, head, product strategy, PayPal, says: "The PayPal My Cash Card is perfect for consumers who prefer to use cash - but want flexibility to spend their money however they want to spend it."

KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

05 December, 2012
15 November, 2012
13 June, 2012
30 May, 2012
05 April, 2012
02 March, 2012
31 October, 2008
20 October, 2008

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
7886 views comments | 37 tweets | 15 linkedin
SunGard system glitch causes havoc for BNY...
7343 views comments | 14 tweets | 12 linkedin
Payments UK sets out vision for 'world cla...
6484 views comments | 17 tweets | 10 linkedin
HSBC glitch leaves thousands of customers...
5932 views comments | 13 tweets | 7 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
5791 views comments | 12 tweets | 8 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job