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SAN JOSE, Calif., Aug. 30, 2017 – PayPal (NASDAQ: PYPL) barter in the U.S. can now acquire banknote aback on every acquirement online and in food with today’s barrage of the new PayPal Cashback Mastercard issued by Synchrony Bank. The PayPal Cashback Mastercard, advised alone for PayPal members, offers cardholders 2% banknote aback every day, on every acquirement – everywhere Mastercard is accepted. 

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Unlike added rewards acclaim cards, there is no anniversary banknote aback limit, no minimum accretion amount, no brake on how to absorb banknote rewards and no expiration. The PayPal Cashback Mastercard offers all the aegis and accessibility accustomed from PayPal, added all the acceptable allowances of a Mastercard. All accounts are automatically added to the member’s PayPal wallet to abridge checkout and accommodate accord of mind.

Key allowances of the new PayPal Cashback Mastercard:

“The addition of the PayPal Cashback Mastercard with Synchrony Bank continues PayPal’s charge to accommodate barter with advantageous artefact adventures and a ambit of avant-garde acclaim options,” said Mark Britto, chief carnality president, All-around Credit, PayPal. “By accouterment a simple way for bodies to acquire banknote rewards for the arcade they’re already doing, the PayPal Cashback Mastercard will accord consumers yet addition acumen to boutique with PayPal.”

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PayPal has partnered with Synchrony Bank aback 2004 to action acclaim agenda options that accredit cardholders to boutique online and in stores.

“We are aflame to abide deepening our accord with PayPal, a agenda payments baton who shares the aforementioned eyes of accouterment simple and acceptable acquittal solutions for customers,” said Curtis Howse, chief carnality admiral and accepted manager, Diversified Client Group, Synchrony Financial. “We attending advanced to advancing our affiliation to accommodate alike greater amount for cardholders.”

To apprentice added about the PayPal Cashback Mastercard, appointment http://www.paypal.com/cashback.

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The PayPal Cashback Mastercard is issued by Synchrony Bank pursuant to a authorization by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles architecture is a brand of Mastercard International Incorporated.

About PayPal

Fueled by a axiological acceptance that accepting admission to banking casework creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing banking casework and allotment bodies and businesses to accompany and advance in the all-around economy. Our accessible agenda payments belvedere gives PayPal’s 210 actor alive annual holders the aplomb to affix and transact in new and able ways, whether they are online, on a adaptable device, in an app, or in person. Through a aggregate of abstruse addition and cardinal partnerships, PayPal creates bigger means to administer and move money, and offers best and adaptability aback sending payments, advantageous or accepting paid. Available in added than 200 markets about the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to accept money in added than 100 currencies, abjure funds in 56 currencies and authority balances in their PayPal accounts in 25 currencies.

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About Synchrony Financial

Synchrony Banking (NYSE: SYF) is one of the nation’s arch customer banking casework companies. Our roots in customer accounts trace aback to 1932, and today we are the better provider of clandestine characterization acclaim cards in the United States based on acquirement aggregate and receivables.* We accommodate a ambit of acclaim articles through programs we accept accustomed with a assorted accumulation of civic and bounded retailers, bounded merchants, manufacturers, affairs groups, industry associations and healthcare account providers to advice accomplish advance for our ally and action banking adaptability to our customers. Through our partners’ over 365,000 locations beyond the United States and Canada, and their websites and adaptable applications, we action our barter a array of acclaim articles to accounts the acquirement of appurtenances and services. Synchrony Banking offers clandestine characterization acclaim cards, Dual Card™, and accepted purpose co-branded acclaim cards, promotional costs and chapter lending, adherence programs and FDIC-insured accumulation articles through Synchrony Bank. Added advice can be begin at www.synchronyfinancial.com, facebook.com/SynchronyFinancial, www.linkedin.com/company/synchrony-financial and twitter.com/SYFNews.

Contacts

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PayPal, Inc.Josh Criscoe

[email protected]

Synchrony Banking Contact

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[email protected]

855-791-8007

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