PayPal UK launch prepaid debit card

August 1, 2008

PayPal announce the launch of their new prepaid debit card in the UK today. It can be used for purchases like an ordinary Visa debit or credit card, but has to be loaded with cash first, either from your PayPal account online, or with real cash at a Post Office or via the PayPoint network.

PayPal Top Up Card

PayPal advertise the card as ideal for people on a strict budget, or who don’t have access to credit cards to shop online, but it will be just as attractive to ecommerce merchants. Withdrawals made from your PayPal account to your PayPal Top Up Card are available for use the following working day, a vast improvement from the normal 4 or 5 working days PayPal funds normally take to hit a bank account. The card will be a superb way to speed up your cash flow.

There will be a one-off fee of £4.95 to purchase a card. Loading cash from your PayPal account online is free, but cash top-ups carry a £1 fee, and ATM cash withdrawals are £2 a time.

Written by Sue Bailey · Filed Under Paypal | 17 Comments