- PayPal+ points can be accumulated through a wide range of payment methods
- Blue, Gold and Black levels add more value to accumulated points
- Debit and credit cards also arrive in the United Kingdom
PayPal is reconfiguring the way it operates in the UK after several years of Brexit-related restructuring, and it’s good news for British customers traveling internationally.
As part of the relaunch, PayPal will bring debit cards to the UK with credit card-like features, including points earning and global use with no transaction fees.
The company is also expanding its credit offering and launching a new PayPal+ loyalty program with tiered rewards options.
PayPal is doubling its offering in the UK
Part of PayPal’s plan to succeed in the UK is to launch its first loyalty program there, before any other region or country globally. Dubbed PayPal+, customers can sign up to earn points online and in-store via PayPal balance, preferred card or BNPL options.
Customers can upgrade from Blue to Gold or Black tier, where points can be worth up to 50% more and access to “VIP experiences and other exclusive benefits” are available.
The company explained that 1,000 points translate into £10 to spend with PayPal (1 point = 1p), and can be accumulated in addition to other loyalty points, “making it even easier for consumers to make the most of their daily spending.”
Customers can earn one point for every £10 spent, but PayPal’s first UK-bound consumer debit card is also on the way as part of the shake-up, with everyday purchases eligible for 10 points (10 points per £10 spent).
Finally, online-only PayPal credit goes physical. Customers can add physical and virtual cards to spend with PayPal credit at physical locations to benefit from options like BNPL and ‘Buy in 3’, as well as take advantage of that PayPal+ scheme.
“This is the start of an exciting new chapter for PayPal in the UK. We have listened to our customers and reinvented our products into a unified solution, offering the smartest way to pay both online and in stores,” said Consumer Group general manager Diego Scotti.
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