The Bancorp Payment Solutions Group managing director Jeremy Kuiper said that the bank is pleased to work with PayPal to bring the PayPal Debit MasterCard card to their 106 million active users.
"Consumers want to be able to feel secure when shopping online with a debit card, and with PayPal’s dedication to security, we’re able to deliver a great solution with the PayPal Debit MasterCard card," Kuiper said.
Under the agreement, the PayPal Debit MasterCard card is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated.
According to the bank, the PayPal Debit MasterCard card can be used at ATMs, online, and at every platform everywhere, where Debit MasterCard is accepted.
Consumers can also earn 1% cash back whenever a cardholder is enrolled into the PayPal Preferred Rewards Program, said the bank.
