28 March 2017
Visit EBAday.com

PayPal launches pre-paid cash card

14 December 2012  |  7134 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)

Finextra news in your inbox

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

Related stories

PayPal mobile shopping volumes scale new heights

PayPal mobile shopping volumes scale new heights

05 December 2012  |  9097 views  |  0 comments | 10 tweets | 2 linkedin
PayPal goes after Oz and Amsterdam high streets

PayPal goes after Oz and Amsterdam high streets

15 November 2012  |  8673 views  |  1 comments | 15 tweets | 15 linkedin
PayPal ditches Web label as it makes play for high street transactions

PayPal ditches Web label as it makes play for high street transactions

05 April 2012  |  8126 views  |  0 comments
Ukash and Bank Machine team on cardless ATM withdrawals

Ukash and Bank Machine team on cardless ATM withdrawals

02 March 2012  |  11571 views  |  2 comments
Ukash partners Spain's Telefónica to issue digital cash at phone kiosks

Ukash partners Spain's Telefónica to issue digital cash at phone kiosks

31 October 2008  |  4131 views  |  0 comments
Ukash reports soaring uptake as crunch hits online shoppers

Ukash reports soaring uptake as crunch hits online shoppers

20 October 2008  |  7054 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
12015 views comments | 47 tweets | 31 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
11699 views comments | 33 tweets | 45 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
8285 views 0 | 16 tweets | 4 linkedin
UK to roll out image-based cheque clearing systemUK to roll out image-based cheque clearing...
6833 views comments | 20 tweets | 43 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job