posted on March 27, 2001 09:57:43 AM new
Talk about a waste of money and time. Now I have to cut the darn thing up so someone does not get a hold of it and try to fraud my account.
PayPal's Debit Card and 1.5% Cashback
Congratulations! You've been selected to receive the new PayPal MasterCard Debit Card. The card is completely free and gives you
instant access to the money in your PayPal account. Look for it in the mail in early April. Once it arrives, all you have to do is
login to your PayPal account and activate your card. With the PayPal MasterCard Debit Card, you will be able to withdraw cash
directly from your PayPal account by making purchases at any store that accepts MasterCard and by making cash withdrawals from ATMs
worldwide. Use your debit card to pay for: Post Office shipping and insurance eBay™ fees Dinner at a restaurant Anything where
MasterCard is accepted And if you are an eBay seller... Join our new PayPal Preferred Rewards program and you will receive 1.5%
cashback on your debit card purchases. Earning 1.5% cashback reduces your Premier/Business account fees from 2.2% to 0.7%. That's
like getting all of your eBay insertion fees and even part of your closing fees refunded! Participating in PayPal Preferred Rewards
and earning 1.5% cashback is easy. Just activate your debit card when it arrives in the mail and list PayPal as the only online
payment service on all of your auctions. By exclusively advertising PayPal online payments you offer buyers the #1 way to pay on
eBay and qualify for all the savings!
I do not think they should be sending these out without the person asking for them.
I think we should all protest Mastercard for teaming up with PayPal and allowing this to happen by cutting up our Mastercards and getting Visa Cards.
Its just a thought.
Jim
[ edited by lanefamily on Mar 27, 2001 09:58 AM ]
posted on March 27, 2001 11:51:45 AM new
Never mind they are sending one out to everyone, just had my partner go to his PayPal account, and thats what it said
Now that really is low..... I had to open a money market account with them, give them my social security #, if I would have waited a couple weeks, I wouldn't of have to give my SS #?
posted on March 27, 2001 11:55:20 AM new
Well trust me, I never signed up for it. I'm not sure, it looks to me like I will be getting it and will need to go activate it before it is good. Unless it gets really cold I doubt that will happen.
I just wonder why they are sending it. I logged on this morning to empty my account again and there it was.
Oh well I do want to see it though even if I do throw it away. I want to know how MasterCard backs this thing. Since PayPal is not a bank it seams to me that MasterCard would not let them do this. Well I suppose MasterCard need to make more money too.
The SSN is a requirement for the debit card through our contract and the ssn is a requirement for the IRS in reporting dividends earned.
Users have to activate the card in order for it to be used (and this can only be done by logging in with your email address and password).
Debit cards could be a faster way for users to have access to their money than if they did a bank withdrawal/check withdrawal. Qualified users earn 1.5% cashback on purchases (not atm withdrawals).
posted on March 27, 2001 01:35:32 PM newlanefamilyI want to know how MasterCard backs this thing.
The debit card is issued through Bank One, the Money Market is in Barclays, and the processor is First Data. There was an interesting article about it sometime back in one of the finacial sites. The reason I remembered it was Bank One and First Data both have email pay services also (emoneymail.com and moneyzap.com) and I thought it interesting how money and deals can make strange bedfellows.
posted on March 27, 2001 02:17:05 PM newNearTheSea
I cross posted ya on that last one. I had to break away and do some work. You beat my post with your second one.
We good I am not reading things incorrectly, I will get one.
I'm still working on this. I recently got scammed by PayPay for just under $40.00 now they send me a credit card basically I do not want. Hummmm, might be able to get that $40.00 back.
Aw shucks, I should not have said anything now if it happens they will have online poof that I received it. hahahaha
posted on March 27, 2001 02:21:15 PM newuaru If you ever remember it let me know through a post or e-mail me at [email protected] with the path to it.
Now don't spend a lot of time looking for it but if you remember that would be great. I like reading about that kind of stuff also.
Don't tell anyone but I was in the business for 8 years so I am not completely stupid. But I can tell ya they get away with a lot more now days than they did back then.
posted on March 27, 2001 03:18:20 PM newlanefamily this is almost humorous now.
I go out, (of all things to co sign a bank loan for my daughter) come home, get the mail, and GUESS WHAT? I have the PayPal Mastercard there.
Ok this is whats weird, on the back it says,
(right below where you sign it, in very small type)
This card is issued by X.com Corp. through Bank One, Indiana.
X.com again.
Paypaldamon X.com did this once with the Visa debits, then quit, what? less than a year into it.
ALSO is mine a credit card or debit card.
On the front top it says Premier BusinessCard. Now any other debit card I've had says either Debit card or Check card.
I have both, debit cards and credit cards, this one looks like a credit card...... soooooo, if it is a credit card, whats my limit?
Seriously, I would like to know whats up with the X.com thing, and it doesn't indicate anywhere that this is a debit card. [email protected]
