Tag: cobranded

Mastercard Widens Co-Branded PayPal Business Cards’ Acceptance

In a bid to further help small businesses, Mastercard Inc. MA together with PayPal Holdings, Inc. PYPL has announced the expansion of PayPal Business Debit Mastercard across the globe.

The PayPal Business Debit Mastercard is a debit card giving users an instant access to their money in PayPal.

With PayPal, users can make payments online or in-store anywhere in the world where Mastercard is accepted, withdraw money at any ATM with a Mastercard/Cirrus/Maestro mark, earn 1% cash back on eligible purchases when a user signs up for cash back and receive protection against unauthorized payments sent from their account with the Mastercard Zero Liability Policy.

Small business is one of the worst-hit categories in the COVID -19 scenario. Thus, it will be cushioned by through a speedy access of their PayPal funds by virtue of using this card. Fast access to funds is the need of the hour for most

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Citi targets homebodies with cobranded Wayfair Mastercard

Citi has teamed with home furnishings giant Wayfair on a pair of credit cards—one cobranded with Mastercard and a private label version—capitalizing on the pandemic-accelerated e-commerce boom.

Targeting homebound shoppers, the Wayfair Mastercard and private-label card’s loyalty program offers 3% back in rewards for grocery purchases and 2% back on online purchases. All other purchases yield 1% back on the no-annual-fee card.

According to eMarketer data, Wayfair also is one of the only U.S. e-commerce retailers to crack the Top 10 this year without a chain of brick-and-mortar stores augmenting its volume, underscoring e-commerce’s momentum. (Wayfair has one store in Natick, Mass., and one outlet store in Kentucky.)“With e-commerce continuing to surge in popularity, we are thrilled to partner with Wayfair to provide customers with seamless, convenient financing embedded in the path to purchase,” said Craig Vallorano, head of Citi retail services, in a press release.

The move marks

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