Author: Artem Hihach
PayPal is an international electronic payment system that provides cross-border payment services. The company offers payment and money transfer services between buyers and sellers, as well as friends and family. Today we’ll discuss the latest updates and benefits from PayPal.
Health Benefit
- PayPal will be picking up the tab for any medical, dental, and vision cost increases in 2022. This means your paycheck contributions for coverage won’t change next year—unless you make a new plan selection during Annual Enrollment. Check your 2022 paycheck contributions to see where you stand.
- Looking to grow your family? Progyny fertility benefits (available to UHC plan participants) and enhanced adoption and surrogacy assistance benefits can help.
PayPal’s new Credit Card pays 3% cashback on all PayPal purchases.
PayPal is updating its co-branded PayPal Reward Mastercard credit card. The card will now provide customers with 3% money when they check out using PayPal and 2% cashback on all other Mastercard purchases. The increased rate, according to PayPal, may be utilized whenever a consumer pays with PayPal by smartphone or even in-store using a PayPal QR Code. Current cards will be immediately upgraded from the previous 2% reward rate to 3% on PayPal transactions. It will also make the card available to new clients through the PayPal mobile app and PayPal.com shortly.
Pay with Password
You can shop, transfer money, and pay bills faster with the new PayPal function. It saves you a lot of time by not putting out sufficient effort. You should activate One Touch to stay signed in to PayPal from any of your devices if you want to use this function. If you don’t use One Touch for six months, PayPal will disable it on its own. You may also turn off One Touch in your PayPal settings at any time.
PayPal makes its ‘Happy Returns’ service free.
PayPal’s Happy Returns will now be free for PayPal merchants. However, PayPal’s Checkout fees will still apply. Merchants may also utilize the software and interface to manage their returns and exchanges without employing the Return Bars network throughout the United States. The program aids in the automation of returns and exchanges, resulting in a more user-friendly experience. The ‘Happy Returns’ service is intended to help smaller shops compete with e-commerce behemoths like Amazon and Walmart,
PayPal will increase instant transfer fees in the US.
PayPal is raising its quick transfer fees in the United States for both customers and merchants. Customers can pay a charge to have their money transferred promptly to a bank account or debit card. Users with personal PayPal accounts will pay 1.75 percent of the transfer amount, with a minimum cost of $0.25 and a maximum price of $25.
Conclusion
PayPal is a well-known payment system around the world. We’ve put together the latest updates that can help you keep track of your finances and stay up-to-date.Â
