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PayPal credit and debit cards have added support for Apple Pay. You can now add these cards to your Apple Wallet app and use them for mobile payments.
Last year, PayPal announced its plans to adopt Apple Pay and Tap to Pay on iPhone. The partnership will allow both companies to expand their reach and provide customers with more options for payment. As a result, you can now connect your PayPal credit and debit cards to the Apple Wallet app for payments.
Most banks and card issuers have added support for Apple Wallet and Apple Pay years before, and PayPal finally joined the bandwagon to catch up with the competition. This has been one of the most anticipated partnerships in the mobile payment industry.
PayPal credit and debit cards now support Apple Pay for mobile payments
There are two ways to add PayPal credit and debit cards to your Apple Wallet app. First, open the PayPal app on your iPhone and look for a banner that says “Pay with your iPhone.” The Apple Wallet app opens by tapping on this banner, and you can add your PayPal credit or debit card.
The second way is even more straightforward. If you can’t find the banner on the PayPal app, open the Apple Wallet app instead and tap the “+” icon in the upper-right corner. Here, you can add one or both of your PayPal cards and choose one for accomplishing transactions. Finally, it’s worth noting that Apple keeps 0.15% of each transaction, which equates to 15 cents out of a $100 purchase.
The PayPal-owned Venmo might also add support for Apple Pay for its debit and credit cards. The move isn’t yet confirmed, but it will likely happen soon.
Over 55 million people in the United States are currently using Apple Pay. The number is expected to grow to 67 million by 2026. The tech giant reported that its payment system had generated $4 billion in revenue this year and is the fifth-most widely used payment method worldwide after PayPal, Visa, Mastercard, and American Express. PayPal is also one of the most popular online payment gateways, with over 435 million users globally.
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