PayPal Launches Top-Up Prepaid Visa Card in UK
In the UK, PayPal has announced the launch of a new prepaid top up card, the PayPal Top Up card - a reloadable VISA card and that PayPal says can be used almost anywhere the VISA symbol is displayed. PayPal says the card "gives people control over their spending, allowing them to pay as they go. It’s also ideal for consumers who do not have credit or debit cards, and want some way to spend their cash online." The Royal Bank of Scotland has partnered with PayPal and acts as the PayPal Top Up Card issuer.
The PayPal Top-Up Card is one of the most competitive cards in the market, costing just £4.95* to get started. Using the PayPal Top Up card will be convenient and practical with multiple ways to be topped up with money. It is the only prepaid card which can be topped up online in 3 clicks via PayPal and can also be reloaded offline at Post Offices and PayPoint retail outlets across the country. The card is particularly well suited for people who sell online, as it enables them to spend the balances stored on their PayPal account offline.
Carl Scheible, Managing Director of PayPal UK commented, “We are continuously looking to create new and innovative services for our customers. Over one in ten of our customers told us that they’re looking for ways to manage their spending. The Top Up card allows people to control their spending and stick to a tight budget, for example by loading up a set amount of money each week. It’s also a safe and simple way of helping people selling items on eBay to get access to their cash and spend it in shops wherever they see a VISA sign.
“We know that less than a quarter of online shoppers feel secure about entering financial details when shopping online. Our new card will give PayPal customers more confidence to shop online with retailers that don’t currently accept PayPal. Security is at the heart of everything we do, and the card will be protected by Chip and PIN. If the card is lost, funds are secure, where a loss of cash is not. This is particularly appealing to people traveling or going on holiday as a pre-loaded card is more convenient than carrying cash or travellers cheques.”
To find out more about the PayPal Top Up card, please go to: http://www.paypal.co.uk/topupcard.
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