, /PRNewswire/ -- PayPal Holdings Inc. (NASDAQ: PYPL) announced today that customers now have the option to add their eligible PayPal and Venmo credit or debit cards to Apple Wallet, and begin making payments with a simple tap of their iPhone or Apple Watch. PayPal and Venmo credit or debit card holders can make payments quickly and securely in-store, online or on their favorite apps using Apple Pay — and can still earn the same cashback and rewards that they love on their eligible purchases. 

The use of mobile wallets continues to increase in popularity as consumers gravitate toward safe, quick, and contactless card payment options. A survey conducted by Morning Consult last year found that 42% of Americans have used mobile wallets. The option to add a PayPal or Venmo card to Apple Wallet offers an easy and secure way to make quick payments on-the-go or online. 

PayPal and Venmo customers who have added their cards to Apple Wallet can also use Apple Pay on iPhone, iPad, and Mac to make fast and convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information.

When customers pay with Apple Pay, every purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. PayPal also keeps transactions protected and secure, whether a customer pays using a smartphone or with their physical card.
 

Adding a PayPal or Venmo Credit or Debit Card to Apple Wallet is easy to set up and use for purchases.

• Users will first need to visit the Apple Wallet app.
• Users will then select "add debit or credit card".
• Next, users can either scan their PayPal or Venmo credit or debit card or enter the card details manually.
• Once a card is added, users can complete an in-store purchase by double-clicking the side button, authenticating with Face ID or Touch ID, and then holding their iPhone or Apple Watch near a reader. To make online or in-app purchases, simply proceed to check out, tap the Apple Pay button and follow the steps.

Starting today, customers can also add their eligible PayPal credit and debit cards to Apple Wallet by simply following the prompts directly in the PayPal app. In the coming months, customers can also expect to have the option to add a PayPal Business Debit Card, or their Venmo credit or debit cards to Apple Wallet by following the steps in the PayPal or Venmo apps.  

When making payments with Apple Pay, customers will be able to earn:

• 2% on purchases with the PayPal Cashback Credit Card1
• Earn PayPal Rewards points when you shop with the PayPal Debit Card² and redeem them for cash back or other rewards³. Check out the PayPal app to activate current offers, track your points, and redeem them for cash back.
• Unlimited 1% cash back on eligible purchases and earn bonus rebates at 50,000+ locations with Mastercard Easy Savings^TM with the PayPal Business Debit Card⁴
• 3% cash back on your eligible top spend category, 2% on the next, and 1% on all other eligible purchases with the Venmo Credit Card⁵
• Earn Cashback ⁶ with the Venmo Debit Card⁷ at participating business – stores you know and love.
   

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com.
 

_{¹ The PayPal Cashback Mastercard is issued by Synchrony Bank pursuant to a license by Mastercard International Incorporated. Mastercard, Tap & Go and the circles design are registered trademarks of Mastercard International Incorporated.}

_{² The PayPal Debit Mastercard® is issued by The Bancorp Bank, N.A. pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. This is a debit card linked to your PayPal Balance account and is not a credit card. Card may be used everywhere Mastercard is accepted. The Bancorp Bank, N.A. is issuer of the Card only and not responsible for the associated accounts or other products, services or offers from PayPal.}

_{PayPal is not a bank and does not itself take deposits. You will not receive any interest, credit, or other earnings on the funds in your PayPal Balance account. Your U.S. dollar PayPal Balance funds are placed in one or more FDIC insured Program Banks where they are eligible for FDIC pass-through insurance up to applicable limits only if you have opened a PayPal Debit Card account, have enrolled in Direct Deposit, or have bought or received cryptocurrency with your PayPal Balance account. FDIC insurance does not protect you against the failure of PayPal. See PayPal Balance Terms and Conditions.}

_{³ Eligible items only.  Redeem points towards cash and other rewards. Terms and exclusions apply.}

_{⁴The PayPal Business Debit Mastercard® is issued by The Bancorp Bank, N.A. pursuant to a license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Card may be used everywhere Mastercard is accepted. The Bancorp Bank, N.A. is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from PayPal.}

_{⁵The Venmo Visa Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA Inc. VISA and Visa Signature are registered trademarks of Visa International Service Association and used under license.}

_{⁶ Each Venmo Offer Powered by DOSH is available for a limited time only at participating merchants on qualifying purchases (as stated in the particular offer and subject to the full program terms). By participating, you agree that DOSH may create a wallet for you on its system in order for you to earn and redeem Venmo Offers. Any Venmo Offer that you earn will be transferred to your Venmo account. All offers made available to you may become unavailable without notice. Additional terms and exclusions apply. See full Venmo Offers Powered by Dosh Terms of Service and Privacy Policy here.}

_{⁷Venmo Mastercard is issued by The Bancorp Bank, N.A. pursuant to license by Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Bancorp Bank, N.A. is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from Venmo.}
 

CONTACT:
Reema Nimkar
[email protected]