- PayPal+ points can be collected across a wide range of payment methods
- Blue, Gold and Black levels add more value to the points collected
- Debit and credit cards are also coming to the UK
PayPal is reconfiguring how it works in the UK after years of Brexit-related restructuring, and that’s good news for UK customers traveling internationally.
As part of the relaunch, PayPal is bringing debit cards to the UK with credit card-like features including points collection and worldwide usage with no transaction fees.
The company is also expanding its credit offer as well as launching a new PayPal+ loyalty program with differentiated reward options.
PayPal is doubling its UK offer
Part of PayPal’s plan to enter the UK is to launch its first-ever loyalty program there, before any other region or country globally. Called PayPal+, customers can sign up to earn points online and in-store via PayPal balance, preferred card or BNPL options.
Customers can move from Blue level to Gold or Black – where points can be worth up to 50% more and access to “VIP experiences and other exclusive perks” becomes available.
The company explained that 1,000 points are equivalent to £10 spent with PayPal (1 point = 1 pence) and can be collected on top of other loyalty points, “making it even easier for consumers to get the most out of their everyday spend.”
Customers can collect one point for every £10 spent, but PayPal’s first UK-bound consumer debit card is also on the way as part of the shake-up, with daily purchases eligible for 10x points (10 points per £10 spend).
Finally, the online-only PayPal credit becomes physical. Customers can add physical and virtual cards to use with PayPal credit at brick-and-mortar locations to take advantage of features like BNPL and ‘Buy in 3’, as well as avail this PayPal+ scheme.
“This is the start of an exciting new chapter for PayPal in the UK. We’ve listened to our customers and reshaped our products into one unified solution that offers the smarter way to pay both online and in stores,” commented Consumer Group General Manager Diego Scotti.
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