Paypal Business Debit Card Offers 2% Cashback On Signature Debit Card Purchases

Paypal sent out an email on their business debit card that they will double the cash back rewards to 2% instead of the standard 1%. My understanding right now is that this is for everyone, not targeted. As always, cash back is only earned on signature based transactions, not on PIN-based transactions.

There might be some things like paying taxes which is very cheap when done with a  debit card and can now get 2% cash back which can be a nice profit.

Hat tip to reader 601FlyGuy

Other things Paypal is doing for their businesses:

 

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Aloha808
Aloha808

Did anybody get their cashback yet? I just made a plastiq payment on the 29th(my first purchase with the card) and i was wondering how long till I’d see the cashback.

dan
dan

Plastiq charges higher fee on this card. Also, if you earned the regular 1% on plastiq before, the 2% should work as well. Let us know

Aloha808
Aloha808

dan plastiq only charged me a 1% fee. I chatted with customer service and they said the cashback will hit tomorrow.

Aloha808
Aloha808

dan ok got the cashback today, so it worked.

vc
vc

i completely forgot about this until now. it posted on 04/29. any issues w plastiq about the card? 1 of their reps told me that they don’t accept pp debit anymore so i asked another rep who said that they do. just wanna know if they reversed the charge bc technically, it’s prepaid, which they don’t allow anymore.

Aloha808
Aloha808

vc i used it for rent if that makes any difference.

Aloha808
Aloha808

Any idea if Plastiq works for the 2% back?

rick b
rick b

In a typical scummy Paypal move, my card gets a mysterious error when trying to fund from a bank. The only way to resolve this, according to online chat, is to do a “security verification by phone” which is conveniently not working during the pandemic. Backup funding also seems to fail, even on small $200 bill payment debits that worked just a month ago. So essentially this is for those who already have a balance in the account only.

gato
gato

I got this 2% as well, but my offer includes both credit and debit transactions:

“2% cash back on all purchases cash back offer valid from April 1, 2020, through April 30, 2020. Valid only on a chip-enabled PayPal Business Debit Mastercard. The account with PayPal must be in good standing through the reward deposit. Transactions eligible for bonus cash back include: credit transactions which you sign for and which are processed by Mastercard; online transactions processed by Mastercard; purchases processed via a debit network (including PIN-less debit transactions); and phone transactions processed by Mastercard. Transactions that are not eligible for bonus cash back include, but are not limited to: cash withdrawals, cash advances, and the cash-back portion of any point-of-sale purchase. The standard 1% cashback benefits minimum $1 earn cashback requirement is suspended for the duration of this limited time offer. Bonus cash back will be added to the account with PayPal associated with the PayPal Business Debit Card that completed the eligible transaction(s) weekly based on qualifying purchase settlement. PayPal reserves the right to cancel, suspend, or modify this promotion in part or in its entirety at any time without notice, for any reason at its sole discretion.”

Josh
Josh

Anyone actually receive their 2% back yet? I know it says it’ll be paid out weekly, just wondering if anyone’s seen any cash back yet.

The Himalayas
The Himalayas

Josh, did you try a PIN or a PIN-less transaction?

Josh
Josh

All signature based transactions. No problem waiting, guess I just got spoiled with last quarters promo crediting the $15 per $1000 spent immediately after the transaction (totaling each $1000) posted.

B
B

I have yet to see my $25 from $1000 (from the previous month’s promo), which I did Mar 28 and Mar 29, and I’ve yet to receive the cashback.

OffByOne
OffByOne

Then something likely didn’t code properly on their end. I ended up receiving all my cashback (for the promo that ended Mar 31, 2020).

B
B

I didn’t add the data point that the previous week I did receive the casbhack for exactly the same debit-based transactions.

Steve

This sounded interesting but then I remembered that it’s Paypal… I guess they’ll just ban everyone after the first time you use the card?

rick b
rick b

It’s 3k daily limit, so there’s no way to go nuts with MS. Someone would need 90k of free funds in one account, and be ready to cycle them in order to even take advantage of this low limit.

Josh
Josh

Not everyone has a 3k daily limit. Plenty of people have two cards per account with 10k purchase limit per card.

DocPost
DocPost

Your post contains incorrect information. During the promo period, 2% cashback is applicable to both credit and debit transactions (including PIN transactions.) Another poster has posted Promo terms which clarifies this.

The Himalayas
The Himalayas

Did you actually get cashback posted for PIN debit though? For the previous promo, PIN debit stopped working towards the end.

Dheeraj
Dheeraj

Is this combined with radpad ($4.95 for a debit card transaction of under $5000) the best way to pay rent for the long term? (Excluding Plastiq promos and such)

Aloha808
Aloha808

Dheeraj the transactions have to post by the end of the month

J2
J2

Chuck Put on the alerts now is stash stock party. 7 minutes to go
over now , but every week day.

Jeremy
Jeremy

What?

Jeremy
Jeremy

I didn’t get an email, but I see that listed when I login to PayPal and click on the debit card information.