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PayPal and Mastercard expands business debit card offering to more European countries

Sep. 23, 2020 5:45 AM ETMastercard Incorporated (MA) Stock, PYPL StockMA, PYPLBy: Niloofer Shaikh, SA News Editor
  • PayPal (NASDAQ:PYPL) and Mastercard (NYSE:MA) announced global expansion of the popular PayPal Business Debit Mastercard, enabling small businesses to have instant access to PayPal funds and giving them unlimited 0.5% cash back on all their eligible spending.
  • The PayPal Business Debit Mastercard is now available in five new European countries - Austria, France, Ireland, Italy and Spain - in addition to its existing availability in Germany, the United Kingdom and the United States.
  • The debit card has no monthly fees, no foreign exchange fees and a flat ATM withdrawal charge of just €2 worldwide.
  • PayPal is pointing towards solid growth rates ahead, with 20%-plus revenues expected, wrote Michael Wiggins De Oliveira in his article "PayPal: Not Slowing Down, Picking Up Speed, Cheaply Valued."

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