Paypal Key Will Stop Allowing American Express Cards As Funding Option (Beginning January 4)

A lot of us enjoy Paypal Key as a means of using their preferred credit card at any vendor, you can read our full review on Paypal Key in this post. Unfortunately, Paypal just sent out an email with an upcoming change that will no longer allow the use of American Express cards as a funding method for Paypal Key. The change will take effect on January 4, 2021.

Thank you for being a PayPal Key customer. We’ve been piloting this feature with select customers in the U.S. After January 4, 2021, American Express cards can no longer be used with PayPal Key. The good news is you can change your PayPal Key payment method to your bank account, debit card, or a different credit card.

You can still use Visa or Mastercard credit cards, but this obviously is a major limiting factor in the usefulness of Paypal Key.

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XP1
XP1

All my PPK transactions on Amex BBC are getting declined today.

tina
tina

Can anyone still link Amex cards to PPK?
I tried wanting to use before Jan 4th. But I couldn’t link a new Amex card to PPK today.

It already does not allow to link Amex cards anymore???

Leland
Leland

Can you still add Amex gift cards to PPK until the cutoff date? Was hoping to pay the electric bill.

Bob
Bob

It’s a little ambiguous from their letter, but do you know if this a ban on Amex issued cards, or Amex network cards? That would give a ton of insight as to who got mad.

If it’s only a ban on Amex issued cards (i.e BCP, BBP, Gold, etc) then it suggest Amex was unhappy about rewards abuse and plastiq.

If it’s a ban on Amex network cards (i.e also third party like WF Propel, Schwab etc) then it suggest paypal was unhappy with the fees from debit to credit conversion on Amex network cards.

Aaron
Aaron

Is paying a single $$$$ tax bill with AmEx / Paypal key before January safe? Don’t want to annoy AmEx – just interested in the lower debit card transaction fee for a single q4 estimated tax payment.

Chicagoan33
Chicagoan33

Any DP’s on recent success using PPK with Amex to pay taxes? Pay1040 will not see it as debit, the other 2 processors do see as debit. $5k, $2999, $2500 all declined for me.

Fallenone
Fallenone

I just tried today. Pay1040 still sees mine as debit but 3000 won’t pass (I passes a 3000 a month ago). Tried payusatax and it didn’t pass either.

Tyler
Tyler

Tied to a non-Amex card, I just had Pay1040 come up as credit on two different Paypal Keys, and Official Payments got declined at two different dollar amounts :-/

Bitter irony if this is dead — been procrastinating doing this for 6 weeks, and I try within 24 hours of it dying?

luvsdeals
luvsdeals

I tried adding my PayPal Key MasterCard to the new Google pay app and it says it wouldn’t work or supported by my bank. Any thoughts or input since I’ve read that some people have been successful in adding PayPal key to Google pay. I guess using American Express is out of the question from now on.

Kafka
Kafka

PPK has never worked with Google Pay in store/NFC. You can add it to your Google Pay options for online transactions, but that’s it.

Raymond
Raymond

Doc can you ban any Amex IP reading this blog? AMEX is such a PITA

Geng
Geng

prob aren’t worth it. U think the amex employees wouldn’t read this from their homes?

Psjc1eamawcjwfbdf
Psjc1eamawcjwfbdf

Work-life balance; I’m not being paid to do the work if I read this at home 🙂

randomguy
randomguy

You are hoping that they don’t know about VPN, or mobile.

Aswin Prasad
Aswin Prasad

Have to pay off my rent this month to finish off with a bang.

Chicagoan33
Chicagoan33

Thanks for the great idea, I will too! Just discovered PPK, need to meet MSR

Aswin Prasad
Aswin Prasad

Yeah. It is a legit way to pay rent and get a bonus also. Finished my Amex gold bonus with just a 20$ fee from my renter.

Steven
Steven

PayPal key is literally useless at this point. I wouldn’t be surprised if they stop accepting Discover as a funding option too.

TheJstandsforJ
TheJstandsforJ

I can still pay rent and estimated taxes for $3-4 in fees instead of 2-3%. You can still earn MR with the Rakuten Visa if you want. Hardly useless.

Kafka
Kafka

Agreed, plus many utilities or other providers who give a discount(ed fee) for debit.