24 May 2017
Visit cib.db.com

PayPal launches pre-paid cash card

14 December 2012  |  7199 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  |  9165 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  |  8718 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  |  8167 views  |  0 comments
Ukash and Bank Machine team on cardless ATM withdrawals

Ukash and Bank Machine team on cardless ATM withdrawals

02 March 2012  |  11665 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  |  4167 views  |  0 comments
Ukash reports soaring uptake as crunch hits online shoppers

Ukash reports soaring uptake as crunch hits online shoppers

20 October 2008  |  7100 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit vasco.com/news/PSD2-compliant-solutionsVisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8795 views comments | 29 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8791 views comments | 27 tweets | 28 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8575 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8560 views comments | 21 tweets | 24 linkedin
hands typing furiouslyOpen APIs - Leveraging Banking As a Servic...
6521 views 1 | 7 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job