More Issues with PayPal Key Payments
Article Updates
- Update 12/19/2020: More issues are being reported. PayPal Key is not working for paying taxes with any of the three payment processors, PayUSAtax, Pay1040 and OfficialPayments. This is even for non-Amex cards. Several reports of these issues were posted on r/churning.
- Update 12/17/2020: After January 4, 2021, American Express cards can no longer be used with PayPal Key. Read more here.
- Update 12/01/2020: Plastiq has sent out email informing users that PayPal is no longer allowing PayPal Key debit card payments through Plastiq when your PayPal wallet is linked to a credit card. Read more here.
PayPal Key, New Virtual Card Lets You Pay for Any Online Purchase
Original Article: Jul 31, 2020
PayPal is launching a new virtual card that will let you pay for any online purchase using your PayPal account. This will be a useful option for using PayPal even when an online merchants doesn’t have a PayPal checkout option. For example with this quarter, you would be able to use your Discover it card through PayPal for any purchase online and earn 5% cash back.
PayPal Key is a new product and is currently available for select customers only. It will be available to more customers in the near future. If you don’t see the PayPal Key option in your account or in the app, you’ll just have to wait.
PayPal Key
PayPal Key is a virtual card and a new way to use your PayPal account anywhere cards are accepted online. You can use PayPal Key like a card at any online merchant that accepts Mastercard – even those that don’t have a PayPal button. Here’s how PayPal Key works:
- Choose a payment method from your PayPal Wallet
- Receive a secure PayPal Key with its own virtual card number, expiration date and security code
- Save the PayPal Key to your browser for faster checkout or use it as you would any card online
- Take PayPal Key anywhere you shop online
PayPal Key is not a credit card so there’s no lengthy application or credit check. Plus, you won’t pay any set-up or usage fees.
You can add your PayPal Key to:
- Web browsers (Google Chrome, Safari, Internet Explorer)
- Venmo
- Google Pay
Currently, PayPal Key does not work with Apple Pay or Samsung Pay.
You can use your PayPal Key to:
- Shop at any U.S. and non-U.S. merchant that accepts Mastercard
- Buy over the phone (just give the merchant your virtual card number, expiration date and security code)
- Earn points in the same way you would with any card in your account
Useful Links
- Sign up for PayPal Key
- Get virtual credit card numbers with PayPal Key
- You can see more details here.
HT: bennguyen2
