PayPal introduces Visa card

PayPal is launching a new prepaid card today, which it says will give consumers greater confidence in online shopping.

According to the online payment provider, less than 25 per cent of people who shop over the internet feel safe providing financial details.

The new top up card gives these people another option, while as a Visa card it can be also be used in shops around the world.

Managing director of PayPal UK Carl Scheible says the concept had been developed in response to customer demand for new ways to manage money.

The card “allows people to control their spending and stick to a tight budget, for example by loading up a set amount of money each week,” he adds.

It can be purchased for £4.95 and topped up at Post Offices or PayPoint outlets, as well as on the PayPal website.

This week online retailer Amazon launched its own payment service to rival Paypal.

© Adfero Ltd

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