How to Earn Cash Back From a PayPal Debit Card
Not only is PayPal a convenient way of handling most of your financial transactions, but you‘ll also gain a little extra money at the same time. With a few simple tips, you’ll soon learn how to earn cash back from a PayPal debit card while making purchases online and offline.
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Instructions
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Sign up for a PayPal account using a valid email address. You can do this by visiting the PayPal homepage and clicking the “Sign Up” button. You’ll be presented with several options: “Personal” accounts are for shopping exclusively online, “Premier” accounts are for selling and shopping online, and “Business” accounts are for merchants who would rather perform transactions under their business name.
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Choose to register under a “Premier” account. You’ll have access to a PayPal debit card that can earn cash-back rewards. “Personal” accounts don’t qualify for debit cards. Enter some basic details about yourself, such as your name, address, phone number, username and password. To begin shopping instantly, it’s recommended that you link an existing credit card to this newly created account. After completing these steps, click the “Agree and Create Account” button to gain access to your PayPal account.
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Answer a few more detailed questions about your account before fully registering for a PayPal “Business” account. Decide how you’d like to receive customer payments, selecting from the available choices. Enter your business name, address and customer-service information. Add and confirm your banking information so you can successfully receive customer payments into that account. It usually takes 3 to 5 days before your banking details can be confirmed. Decide on the best payment solution for your business to complete the setup phase.
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Log into your PayPal account after setting it up. On the left side of the page, there will be features listed to enhance your PayPal account even further. Click the link to obtain a debit card for your PayPal account. You’ll be prompted to verify your account information, such as your name and the address the debit card should be sent to. Within a few weeks, you’ll receive the PayPal debit card in the mail and can start using it for online and offline purchases.
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Click the “Earn Cash Back” link located in the “Enhance Your Account” section. This link will appear in your PayPal account after your PayPal debit card has been successfully received and activated. Select the option to initiate the cash-back rewards for every PayPal purchase made. Each time you make an offline or online purchase with the debit card, you’ll also receive 1 percent cash back into your PayPal account. When shopping offline, remember to make credit purchases and not debit purchases. If you make a purchase with your debit card using a pin number, it won’t count as a cash-back bonus.
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Tips & Warnings
Make sure you request a PayPal debit card for cash back on purchases.
Avoid making purchases with your PayPal debit card that require a PIN number.
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Comments
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AnneZ
Aug 16, 2009
I use the paypal debit card and have earned over $20. Good tips! 5*s -
raykruger
Jul 21, 2009
Paypal has just introduced a new way to scam you out of some of your money. Here's a recent email I received from Paypal. "Many of you asked us to make tracking your PayPal Debit Card cash back simpler. You got it. Starting August 1, 2009, the cash back earned on your PayPal Debit Card transactions will be combined into a single deposit and paid monthly, rather than after each transaction, making your record keeping easier. Your cash back rate wont change." What this means is that Paypal will now keep your cash back money and not release it till the end of the month. You are in fact making Paypal a interest free loan of your money till the end of the month.
