You may already be familiar with PayPal as one of the most popular ways to pay for purchases online, but, did you know you that you can earn money while spending money?You can if you have a Premier or Business PayPal account and a PayPal Debit Master Card.
When you use a PayPal Debit Master Card as a credit card and sign for the purchase, you will receive 1% cash back. PayPal deposits your cash back earnings into your account the first week of every month.
The PayPal Debit Master Card is the fastest way for you to access your PayPal funds. If you have income from Etsy, ebay or other online income streams, you can make a sale, receive payment and spend the proceeds right away at your local grocery or mall.
Here are some strategies for earning a nice cash back bonus.
- When paying with your PayPal Debit Card, sign for your purchase instead of using your PIN to earn the cash reward.
- Pay your Etsy, ebay or other online fees with your PayPal Debit card as a credit card and earn the cash reward.
- When shopping online, even on a site that accepts PayPal, use your card as a credit card instead and earn the cash reward
- Pay at the pump for gasoline and earn the cash reward
- Before going on vacation or making a cash purchase for a big-ticket item, transfer money from your bank account to PayPal. Use your PayPal Debit card to pay for your purchase and earn the cash reward.
- Register to pay your utilities and other monthly expenses online. Use your PayPal Debit card as a credit card and earn the cash reward.
- Sign up for Balance Manager, a PayPal service that lets you set up an automated bank transfer to your PayPal account. If you know you need a certain amount every week for gasoline, groceries or other expenses, transfer that amount to your PayPal account and then use your PayPal Debit card to earn the cash reward.
There is no charge for the PayPal Debit MasterCard or to use the Balance Manager.
Some restrictions apply. Daily spending and ATM limits apply and you must enroll in the Preferred Payments Rewards Program. To learn more, visit the PayPal website.
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