Just in case you missed this email from Paypal. More of for Business account with a Debit Mastercard. I’ve took advantage of the cash back reward over the past few months for making purchase with Paypal Smartconnect, however this is not appear to be for Paypal Smartconnect, this is actual Paypal account with a debit card. So probably doesn’t impact too many people if they’re making purchase at all with a Paypal Debit card. Basically negative changes, not beneficial for the users, but probably better for Paypal business. It does makes sense however.
Upcoming adjustments to the PayPal Business Debit MasterCard® rewards program.
PayPal <[email protected]> Today at 10:05 AM
Cash Back rewards changes as of February 1, 2016.
We want to let you know about changes we are making to our PayPal Business Debit MasterCard® rewards program, in order to be in accordance with the existing PayPal Business Debit MasterCard Cardholder Agreement. Starting February 1, 2016, your cash back rebate payout, if any, will change in accordance with the program’s existing terms and conditions to reflect these adjustments.
As of February 1, 2016:
We’ve updated rewards program disbursements to conform to the existing Cardholder Agreement:
We will discontinue paying cash back rebates on PIN-less debit purchases, and
We will discontinue paying cash back rebates for any month if the calculated cash back payout is less than $1.00 USD
You can reference the existing PayPal Business Debit MasterCard Cardholder Agreement at https://www.paypal.com/us/webapps/mpp/ua/debitcard-full . Section 8-b-ii-3 (p.4) covers the exclusion of PIN-less debit transactions and Section 8-c (p.4) explains the minimum $1.00 payout requirement.
Remember, most signature transactions made without using your PIN do qualify for the cash back rebate. (Transactions where you use your PIN and PIN-less debit transactions are not eligible.) When you’re buying groceries, dining out, shopping at a merchant, or otherwise using the card, ask the merchant (or make the choice yourself on the terminal) to run your card as a credit transaction and be sure to sign the receipt.
Please be advised that some merchants may elect to process your transaction as a PIN-less debit transaction without offering you other options. In this case, the transaction is not eligible for cash back rebate.
Everything else remains the same.
All existing terms, conditions and benefits of your card will continue as they are today. Please keep a copy of this message with the other details about your card.
We’re here if you have questions.
As always, please contact us if you have questions about this change or other matters related to your card. You can click here, use the Contact link on any www.PayPal.com page or call us toll-free at 866.888.6080.
Thanks again for your continued loyalty to our rewards program.
The PayPal Business Debit MasterCard Team
This card is issued by The Bancorp Bank pursuant to license by MasterCard International Incorporated. The Bancorp Bank, Member FDIC. MasterCard is a registered trademark of MasterCard International Incorporated.
This card may be used everywhere Debit MasterCard is accepted.
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