Fintech & Ecommerce

PayPal introduced Mastercard business credit card

The new PayPal Business Cashback Mastercard is among the industry’s leading cashback business credit cards

PayPal

PayPal introduced Mastercard business credit card. Source: shutterstock.com

PayPal has announced it is expanding its suite of credit offerings to include a new business credit card to better meet the everyday financing needs of small business owners.

The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with 2% cashback on all purchases with no rewards earning caps or expiration, making it among the highest cashback rewards value available.

The PayPal Business Cashback Mastercard offers a simple way for businesses to pay for both everyday business expenses and those that may unexpectedly arise, while also earning cashback rewards on all purchases.

Approved businesses are provided immediate access to their assigned credit limit through a virtual card that is automatically integrated into the business’s PayPal account and is immediately available as a payment method when merchants check out with PayPal. Account and spending details are easily accessed through the cardholder’s PayPal Business account.

As small business owners continue to recover from the challenges of the past two years, having multiple financing options to address their capital needs is more important than ever. The PayPal Business Cashback Mastercard provides merchants greater value, more choice and the increased flexibility they need to manage their business finances, offering among the best value available on no annual fee business credit cards today. This new solution continues PayPal’s commitment to supporting small businesses and offering options to help manage the day-to-day costs of operating their business
Bernardo Martinez, Vice President of Global Merchant Lending, PayPal

We’ve reported that Alipay Plus makes significant amendments to cashier product.

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