PayPal Key: The Virtual Card for Using PayPal
PayPal Key is a virtual card similar to a debit card, except for the fact that it is linked to your PayPal account. Hence, there’s no need to add another card to your wallet.
Related:Turn Off Recurring Payments On Your PayPal Account- Easy Way To Do It
PayPal Key uses the funds inside your PayPal account, bank account, credit, or debit card to pay for purchases from any retailer that accepts MasterCard, regardless of whether they accept PayPal or not.
The “key” part of PayPal Key is a 16-digit numeric code you enter, just like a credit or debit card number. It also features an expiration date and a security code.
Where Can You Use PayPal Key?
You can use PayPal Key anywhere that accepts MasterCard. While the primary benefit is using PayPal Key online, you can always enter your 16-digit card number at any physical store to complete a purchase.
Currently, PayPal Key is only available to US-based customers. However, US customers can use PayPal Key abroad so long as, again, the retailer accepts MasterCard.
Are There Any Fees Involved?
There are no fees to sign-up for and use a PayPal Key within the US. However, if you make a transaction with a non-US merchant, there is a 1.1% transaction fee.
How to Get Your Own PayPal Key
Ready to make online purchases via PayPal and PayPal Key? If so, you’ll first need to get your own PayPal Key through your account. Follow these steps to get started:
- Log into your PayPal account.
- You should see the PayPal Key icon at the top of your screen or a link elsewhere, depending on whether you’re using your phone or a computer. But if you’re having trouble finding it, head over to this PayPal link.
- Choose which payment method you wish to use to fund your PayPal Key.
- Now, click on Agree & Get Your Key to finalize.
Once you get your 16-digit key, you’re all set to use it. So, let’s move on to the exciting part where we discuss how to make purchases with your PayPal Key.
How to Use PayPal Key to Make Purchases
After signing up for your PayPal Key, it’s time to make your first purchase. For this example, we will use Amazon as the retailer currently doesn’t accept PayPal as a traditional payment method.
First, the fun part. Go ahead and fill up that cart! Then, follow these steps to use PayPal Key:
- Navigate to your shopping cart and click on Proceed to checkout.
- When asked for your payment method, you’ll need to select Add a credit or debit card.
- Pull up your PayPal Key using the PayPal mobile app or your browser. You’ll either find it on your Home page or via the PayPal Key icon at the top of your screen.
- Enter your 16-digit PayPal Key number into the Card number field.
- Enter your Name on card and Expiration date listed for your PayPal Key.
- Add the card and then continue with your purchase.
This process will likely be similar for any other online retailer. Wherever you require a credit or debit card number, you can simply enter your PayPal Key. It’s simple, safe, and only takes a few seconds to do.
PayPal Key Lets You Shop Anywhere You Like
If you’re looking for a safe and simple alternative to traditional payment cards, PayPal Key might be a great choice for you. All you have to do is open a free PayPal account, grab your 16-digit key, and start shopping just like you would with a credit or debit card.
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