PayPal is rolling out a new rewards programme and more personalised ways for users to manage their spending in a major revamp designed to give consumers a smart choice for every purchase, every time.
PayPal's enhanced rewards include the ability to choose a monthly category of spending, such as groceries or clothing, to receive 5% cash back on up to $1,000 per month when using their PayPal Debit MasterCard. Customers can also stack rewards on top of their monthly category by saving offers in the PayPal app from hundreds of top brands.
As an example, Paypal says that if a customer selects Restaurant as their monthly category, they'll receive 5% cash back and another 10% cash back if they save a deal from DoorDash in the PayPal app, which will be automatically applied when checking out with PayPal online.
The firm is also introducing an auto reload option in which users can set a PayPal balance threshold that automatically tops up if it dips below their chosen amount.
Alex Chriss, president and CEO, PayPal. "It's a pivotal moment for PayPal and our customers and a significant first step as we bring the power of PayPal to everywhere they shop."
In addition, customers can now add their PayPal Debit Card to Apple Wallet in just a few steps and use it with Apple Pay.