PayPal launches its first business Mastercard for UK customers

Today (June 26), PayPal has launched its first UK business debit Mastercard.

The card is said to offer its business customers instant, worldwide access to their own PayPal funds for online and high street business purchases and unlimited cash back on their spending.

Mastercard is the most widely accepted card in the world, meaning PayPal’s UK business customers can now spend money held in their PayPal account at over 45 million Mastercard acceptance locations worldwide.

Nicola Longfield, senior director of small and medium business at PayPal UK, said: “The new PayPal Business Debit card is the latest example of how the support we offer our small business customers extends far beyond processing payments.

“It gives small business owners a fast, easy way to use the money in their PayPal account both online and in person, wherever they are in the world.”

The launch of the PayPal Business Debit Mastercard in the UK marks the latest step in PayPal’s global partnership with Mastercard.

Mastercard’s senior vice president of digital partnerships, David Dechamps, added: “People everywhere know and trust the familiar Mastercard brand, whether they’re paying in the physical or digital world.

“This new card offered by PayPal offers a convenient way for small business owners to pay using the simple, speedy and secure payment experience they’ve come to expect from Mastercard, using the channel of their choice, anywhere in the world.”