PayPal Preferred Rewards program

PayPal announced in an email today that they are extending their cash back rewards program to all sellers, not just ebay sellers. This is a sweet deal if you're accepting any form of credit card or electronic payments online. For one, you get your payments instantly (not in 72 hours like many merchant accounts), and PayPal gives you a percentage of the money you spend with their debit card as cash-back.

Here is the text of the email they sent out today:

We are pleased to announce that the PayPal Preferred Rewards program is now expanding to include all merchants. Since you already participate, this change will not affect you.

Starting in March 2005, all sellers (on eBay and off eBay) who promote PayPal as their preferred online payment method can sign up for PayPal Preferred Rewards. If eligible, they can earn 1% cashback on PayPal Debit Card purchases.

You will continue to earn the 1.5% cashback that you're used to. The more you use the card, the more cashback you'll receive.

Plus, you'll still enjoy all the other benefits that the card offers:

• Instant access to your PayPal account balance - no checks, no transfers, no
  waiting
• Purchase power wherever MasterCard is accepted
• Cash withdrawals at ATMs worldwide.
• Shop safely with zero liability for unauthorized purchases

Thank you for continuing to use the PayPal ATM / Debit Card.

Sincerely,
PayPal

Once you qualify for the cashback bonus, they will pay you the bonus every time you make a purchase--online or off--using your PayPal Debit Card. I've earned almost $10 cash back this week this way. Hey, I'm not going to complain much about free cash.

Filed Under: paypal cash cashback money ecommerce debit card credit ebay free public merchant