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re: Has anyone found a rewards debit card that works with PayPal Bill Pay
Posted on 4/18/23 at 8:36 am to tigersint
Posted on 4/18/23 at 8:36 am to tigersint
Obviously they are out there, but why would a company give a rewards debit card? A rewards CC they are incentivising you to use credit (go into debt with them) by giving you rewards. A debit card you are using your own money.
My guess is a rewards debit card charges higher fees to the processor (IE Paypal here) and that's why they can give the rewards to the consumer, but that's why Paypal won't allow it. They probably have a fee limit.
A lot of processors are charged around 0.5% to 1.5% for debit cards and 2.5-3% for CC.
My guess is a rewards debit card charges higher fees to the processor (IE Paypal here) and that's why they can give the rewards to the consumer, but that's why Paypal won't allow it. They probably have a fee limit.
A lot of processors are charged around 0.5% to 1.5% for debit cards and 2.5-3% for CC.
This post was edited on 4/18/23 at 8:37 am
1
Posted on 4/18/23 at 8:47 am to baldona
The advantage of Doge (and formally Fold) mixed with PayPal bill pay, is that you are basically double dipping on the rewards. You already get your CC rewards, (1, 2, or even 5% if you do quarterly categories), and then you are getting more rewards for PAYING off your CC bills going through PayPal bill pay via the Doge card.
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