Quote:
Originally Posted by solefoodbk
(Post 1249791)
Both sales were for over $200 each. There was also zero holds on my payout. I withdrew funds within a day of receiving. I kept over $100 in my account and don't plan to drain it. I'm smart enough not to test this that much, just found it interesting.
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Paypal now have a credit card with 3% cash back,find out more on its website.
REWARDS TERMS AND CONDITIONS FOR PAYPAL CASHBACK MASTERCARD®
OR PAYPAL CASHBACK WORLD MASTERCARD®
Card Account Rewards Program (“Program”)
REWARDS SUMMARY
Please review the details in the full Program
terms and conditions below (“Program Terms”).
Earn Automatically earn Cash Rewards on each Eligible Purchase:
Earn 3% on Eligible Purchases you make using your Card Account through your PayPal account (online or in-store), or when you use your Card Account to send money to other PayPal users through your PayPal account.
Earn 2% on Eligible Purchases made everywhere else that Mastercard is accepted until July 31, 2024 and thereafter 1.5%.
Earn 2% on any Eligible Purchases made by any authorized user(s) until July 31, 2024 and thereafter 1.5%. In the event an authorized user is, in the future, able to add their Card to their PayPal account, then Eligible Purchases made by such authorized user through their PayPal account or when sending money to other PayPal users through their PayPal account will earn 3% Cash Rewards and Eligible Purchases made everywhere else that Mastercard is accepted will continue to earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%.
An adjustment may reduce Cash Rewards in an amount up to the amount of any Cash Rewards originally earned on the Eligible Purchase.
How to Redeem Cash Rewards
Cash Rewards earned will be available for you to transfer to your PayPal account within approximately three days after each Eligible Purchase is made, provided your Card Account and PayPal account are open and in good standing and linked to each other.
How to Use Cash Rewards
Cash Rewards can be used once they are transferred by you to your PayPal account. If you have a PayPal Balance account, the Rewards can be used to make payments, make purchases, send money to other PayPal users, or transferred to your bank account or debit card linked to your PayPal account. If you do not have a PayPal Balance account, the Rewards can only be transferred to your bank account or debit card linked to your PayPal account.
As a PayPal Cashback Mastercard® or PayPal Cashback World Mastercard® (each a “Card”) Account (“Card Account”) Accountholder, you will earn cash back rewards (referred to as “Cash Rewards” or “Cash Back”) on Eligible Purchases made by you (subject to your available credit), the person to whom the Card Account was issued (“Accountholder” or “you”) or the authorized users on your Card Account, as set forth below. The amount of Cash Rewards earned is determined by the Card Account user, whether the payment is made through the PayPal account, and the amount of Eligible Purchases made on a daily basis. Cash Rewards may be reduced by any applicable Cash Rewards adjustments. Synchrony Bank (“Synchrony”) is the issuer of the Card Account, and it is only available to Accountholders who have an open PayPal account to which the Card Account is linked, and both accounts must be maintained in good standing. Your participation in the Program is subject to these Program Terms.
“Eligible Purchases” means the dollar amount of purchases of goods and services made using your Card Account. Eligible Purchases also means the dollar amount of transactions when you use the Card Account to send money to another PayPal user through your PayPal account. Eligible Purchases do not include balance transfers, cash advances, convenience checks, disputed transactions, unauthorized or fraudulent transactions, interest, fees, as applicable, or any other transactions that Synchrony may determine in its sole discretion are not eligible to earn Cash Rewards.
Earn Cash Rewards on Eligible Purchases.
At the end of each day, your Eligible Purchases will be totaled, and the amount of the Cash Rewards earned will be determined as follows:
3%: Each Eligible Purchase made by you through your PayPal account (online or in-store), or when you send money to other PayPal users through your PayPal account will earn 3% Cash Rewards.
2%: Each Eligible Purchase made by you everywhere else that Mastercard is accepted will earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%.
2%: Each Eligible Purchase made by any authorized user(s) will earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%. In the event an authorized user is, in the future, able to add their Card to their PayPal account, then Eligible Purchases made by such authorized user through their PayPal account or when they send money to other PayPal users through their PayPal account will earn 3% Cash Rewards and Eligible Purchases made everywhere else that Mastercard is accepted will continue to earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%.
There is no minimum amount of Eligible Purchases required before earning Cash Rewards and there is no maximum amount of Eligible Purchases that may earn Cash Rewards.
Cash Rewards earned do not expire although they may be forfeited in accordance with these terms. Transactions resulting in fractions of Cash Rewards will be rounded up to the nearest whole cent if equal to or greater than $0.005 and rounded down if less than $0.005.
From time to time, bonus Cash Rewards (“Bonus Rewards”) may be available for certain Eligible Purchases and may include spending thresholds or limits, time period restrictions, or other factors. Bonus Rewards will be subject to the terms and conditions of the Bonus Rewards offer made to you in addition to these Program Terms.
How to use your Cash Rewards. Cash Rewards earned, as provided herein, will be made available for transfer via a credit to the Accountholder’s PayPal account within approximately three days after each Eligible Purchase is made. In order to transfer Cash Rewards, you must have at least $0.01 Cash Rewards available. To transfer Cash Rewards to your PayPal account, log on to your PayPal account, access your Card Account Rewards Summary Page, and transfer the amount you choose to your PayPal account. Once transferred to your PayPal account, the availability to use Cash Rewards will depend upon whether or not you have a PayPal Balance account. If you have a PayPal Balance account, Cash Rewards will then be available for use by you for making payments and purchases
