PayPal today announced that users can now add PayPal, and Venmo’s credit and debit cards to its Apple Wallet (Apple Wallet), and support Apple’s cash back and rewards policy.
Venmo is a PayPal payment tool and social platform, that supports web pages, provides local payment services, convenient and friends split bills, but also convenient online and brick-and-mortar shopping payment, the use of similar to the domestic WeChat Pay.
The launch is part of PayPal’s efforts to further expand its digital payments ecosystem. PayPal also recently launched a new service called PayPal Pay, which enables users to make contactless payments in-store.
PayPal reports that a 2022 survey found that 42% of Americans have used a mobile wallet, and highlights how Apple Pay allows users to pay with their PayPal card to “make purchases quickly and easily” while remaining secure.
Usage is no different from a regular credit or debit card, as users open Apple Wallet and tap the + button, then select the option to add a “debit or credit card” and add it either by scanning it or by manually entering the card number information, which PayPal says will also be able to be added to Apple Wallet directly in the app in the future.
When paying with Apple Pay, users can earn 2 percent back on purchases made with a PayPal credit card, earn PayPal points to redeem for cash or other rewards on purchases made with a PayPal debit card, and earn up to 3 percent back on purchases made with a Venmo debit card at participating businesses. 3%.
