Devaluing the Paypal Debit Card

New Paypal debit card users will receive 1% cashback, down from 1.5%. Current debit card members will be grandfathered at the 1.5% rate.

Eligibility for the PayPal Preferred Rewards Program will become easier, however:

    Under the previous guidelines, only qualified eBay sellers designating a preference for PayPal in their eBay listings were eligible for the program, but beginning today eligibility will be expanded to include all merchants who promote PayPal as their preferred online payment method, whether operating on eBay or off.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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