Paypal just announced the end of their Paypal Key system which allows using a virtual card number generated by Paypal to pay for anything, with the purchase getting backed by the card of your choice within your Paypal account.
You can read more about Paypal Key in our original post. People found this useful for various methods of manufacturing spend. Paypal Key is no longer available for new users and is ending on April 21, 2022 for existing users.
Hat tip to SagittandiEstVita
https://imgur.com/a/d5kdWhS 😉
I signed up for three trial coffee subscriptions, a bunch of streaming service trials, and some free vitamins to commemorate my last hurrah with PPK. Gonna be real sadge.
Seriously bummed, would use ppk with pp credit as the payment source, this allowed me to make large purchases (upto 7k) and have 6 months to pay them off with 0% interest… helped me out a shit ton when unexpected bills hit me, ppk will be dearly missed
I can relate a little. PPK helped me to pay rent using a 0% APR credit card when I had no job for a while. Glad I even had this option when I needed.
Damn dude the categories i spent on the most in the last two years was definitely paypal using paypal key for the Freedom Flex. I’m convinced they saw a lot of others doing the same thing and killed it.
I was using PayPal Key for Amazon.com. I used it when Chase Freedom Flex has a PayPal category could use PayPal Key for 5X categories. It also provided an extra layer of security where PayPal was not accepted but PayPal Key was permitted.
It appears PayPal wants everyone to sign up for their Debit card. That would mean bank transfer fees every time you make a purchase. https://www.paypal.com/us/digital-wallet/manage-money/paypal-debit-card
There aren’t any fees for transferring money from a bank account. Literally says it in the page you linked.
there are no bank transfer fees…
There are fees for credit cards, which is how 99.9% of people were using PPK.
Well poop. I was using this for my Verizon FIOS payments linked to my Chase Ink Business Preferred. I think if I switch back to just the CIP, Verizon charges $10/month or something for the credit card, which pretty much negates, I think the 5x UR on internet.
I believe you can use your checking account for the minimum payment and then use your Chase Ink Cash Business credit card for the majority of the payment. This way you get your 5X on internet service provider, phone, and streaming services.
So for example if my monthly FIOS bill is $40, I pay $1 with a debit card and then pay $39 with a credit card, and that will still keep the $10/month discount?
Generally yes, though Verizon has 5+ different ways of billing depending if you go through your account website, the dedicated bill pay website, the automated phone system, a human rep on the phone, or a kiosk in their store. Google for which work to keep debit autopay discount.
I was thinking the same thing. But sadly no. Once you change your payment method from debit card to others or make payment with other method, even advanced payment, there is a warning that you’re gonna lose your discount.
Jesus… you guys are doing it wrong. I’ve always paid my bill with a credit card. I don’t get hit with any fees and I don’t lose out on any credits.
Complete B.S.
Lame 🙁
Can someone make a list of the best / easiest uses of PayPal Key to profit from before the whole thing is shut down? I only know about the recent deal with funding Public app.. although for me Public did not allow me to use PayPal Key (PPK).. but I’d love to know what other ways to make easy money before this deal is permanently shut down?
You can pay tax, the processing fee is a flat $3. You get 5% cashback when Chase has Paypal as a category.
It stopped working for federal tax payments at the end of 2020.
Guys is this something – Paypal is playing April fool day to early ….. 🙁
PPK was great for draining virtual debit cards that many online retailers rejected (i’m looking at you, mygiftcardsplus). i wonder: could the paypal “cash card” work the same way?
Really?
The cash card only works with you PayPal balance.
Can you please clarify? Thanks.