Press release
New PayPal Cashback Business Credit Card Launches for US Small Businesses
The new PayPal Business Cashback Mastercard® is among the industry's leading cashback business credit cards with no annual fee and 2% cashback on all
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"The new PayPal Business Cashback Mastercard® is among the industry's leading cashback business credit cards with no annual fee and 2% cashback on all purchases with no limit to the cashback that can be earned - helping small business owners get rewarded as they make business purchases.\nSAN JOSE, Calif., June 28, 2022 /PRNewswire/ -- PayPal Holdings Inc. (NASDAQ: PYPL) today 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.\n\n \n \n \n \n \n \n\n \nThe 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.\nSmall businesses need an array of tools to fund their everyday business expenses in a flexible manner. According to the 2022 Small Business Credit Survey conducted by the Federal Reserve Banks, credit cards were the second most common form of financing sought by small businesses.1 The PayPal Business Cashback Mastercard offers SMB owners the opportunity to qualify for a business credit card.\n\"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,\" said Bernardo Martinez, Vice President of Global Merchant Lending, PayPal. \"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...