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PayPal Renews App to Offer Choice Rewards Program

PayPal is introducing a new loyalty program and more personalized ways to manage user spending. This overhaul is designed to give customers a smarter choice with every purchase, every time.

Editorial

This content has been selected, created and edited by the Finextra editorial team based on its importance and interest in our community.

Enhanced PayPal Rewards include the ability to select a monthly spending category, such as groceries or clothing, to earn 5% cash back up to $1,000 per month with their PayPal MasterCard debit card. Customers can also earn rewards in addition to their monthly category by saving offers in the PayPal app from hundreds of top brands.

For example, PayPal says that if a customer selects Restaurant as their monthly category, they’ll get 5% cash back, and another 10% cash back if they save a DoorDash deal to the PayPal app. This cashback will automatically be applied when they pay online with PayPal.

The company is also introducing an auto-refill option, where users can set a PayPal balance threshold that will be automatically refilled if the balance falls below a selected amount.

Alex Chriss, PayPal chairman and CEO. “This is a watershed moment for PayPal and our customers, and a significant first step as we bring the power of PayPal everywhere they shop.”

Additionally, customers can now add their PayPal debit card to Apple Wallet in just a few steps and use it with Apple Pay.