PayPal introduces new rewards, cash back offers, in-store access

PayPal (PYPL) ushered in a new era for customers, giving customers access to rewards, stackable cash back offers in the PayPal app, and more personalized ways to manage their spending. PayPal is expanding its reward program and its availability to deliver an omnichannel solution. PayPal’s enhanced rewards include the ability to choose a monthly category of spending, such as groceries or clothing, to receive 5% cash back on up to $1,000 in selected category spend per month when using their PayPal Debit MasterCard (MA). PayPal’s new auto-reload allows consumers to set a PayPal balance threshold that automatically tops up if it dips below their chosen amount. In addition, customers can now add their PayPal Debit Card to Apple (AAPL) Wallet in just a few steps and use it with Apple Pay, enabling even more ways to pay.