Author Topic: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)  (Read 6465 times)

Offline Eb228

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #75 on: November 26, 2020, 06:48:45 PM »
https://www.doctorofcredit.com/paypal-launches-virtual-card-numbers-for-use-anywhere-paypal-key/
Yup I just tried it and didn't work.

I did almost all my Freedom Q4 spending through that, just hope this isn't a sign that Chase will be doing something about it as well...

Offline Eb228

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #76 on: December 02, 2020, 07:05:20 PM »
PayPal has notified us they will no longer be allowing PayPal Key debit card payments through Plastiq when your PayPal wallet is linked to a credit card. Here are a few options so you can still make your payments successfully.
As of now, PayPal continues to allow Plastiq payments from a PayPal Key debit card with wallets linked to another debit card, bank account, or existing PayPal balance. Please make sure you adjust any scheduled payments.
Of course Plastiq also offers numerous other ways to make your payments outside of PayPal Key. You can pay with any major credit1 or debit card, or use our new cash payment feature.2 Log in here and add a new payment method.

Thanks for choosing Plastiq as your one-stop payment platform. We’re excited to continue helping you pay your way by releasing new features and improvements you’ve asked for.
Thanks for being a Plastiq customer,
Your Plastiq Team

Offline yitzyul

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #77 on: December 07, 2020, 01:31:13 PM »
It worked as debit on amazon reload so got an extra 2%

Offline mimb

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #78 on: December 08, 2020, 09:25:24 AM »
any other ways left to utilize PPK? PM open  8)

Online Euclid

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #79 on: December 08, 2020, 10:40:35 PM »
https://www.doctorofcredit.com/american-express-shutdowns-occurring/
Quote
The common thread seems to be cardholders that have used their cards to make a large volume of payments using PayPal Key,

Online yuneeq

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #80 on: December 08, 2020, 11:07:54 PM »
https://www.doctorofcredit.com/american-express-shutdowns-occurring/
Quote
The common thread seems to be cardholders that have used their cards to make a large volume of payments using PayPal Key,

Finally reading about PPK now, and curious if it'll put my AMEX account at risk. I have an amex biz gold that I want to maximize the bonus spend for the year by using a PPK on 1 of my Amazon PPC accounts (can't have same card on 2 Amazon accounts), however I don't have an AU yet.

Is it a shutdown trigger if I'm using PPK for normal legitimate high-volume spend?

Offline Dan

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Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline mmgfarb

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #82 on: December 08, 2020, 11:15:26 PM »
Spoiler alert: 3x referral is actually a trojan horse ;D
-1
"JS [is] a fetid cesspool of unvarnished linguistic manure, with lots of useless drivel and post-padding." -Moishebatchy

Offline eyj

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #83 on: December 09, 2020, 06:21:40 AM »
https://www.doctorofcredit.com/american-express-shutdowns-occurring/
Amex didn’t like that people were using their Amex card to send money to pay off the same Amex card via PayPal Key and earning 1% on as much money as they could push through while sitting home on the couch? Surprise. I couldn’t have seen this coming...

Online yelped

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #84 on: December 09, 2020, 07:38:44 AM »
Amex didn’t like that people were using their Amex card to send money to pay off the same Amex card via PayPal Key and earning 1% on as much money as they could push through while sitting home on the couch? Surprise. I couldn’t have seen this coming...
What did they charge it to? How did Amex know who it's going to?

Offline eyj

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #85 on: December 09, 2020, 09:44:42 AM »
What did they charge it to? How did Amex know who it's going to?
Mostly Plastiq. PayPal Key coded as a debit card which is only 1% charge for payments. Using the Amex business blue which gives 2x MR per dollar for example (up to 50k) and paying the card gets you 1.5% profit on every dollar you pushed through (there are ways of cashing out MR at 1.5).

Then things got really weird when Amex started coding PayPal Key as a 4x restaurant category, and started giving out an extra 3x MR per dollar if you referred others for a card. If you had an unlimited ATM machine in your living room wouldn’t you withdraw millions per week? And if you were an issuer would you notice if someone was suddenly cycling millions through one merchant? Well,  Amex did notice those massive numbers (surprise) and decided shock and awe was the way to go.

Offline Dan

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #86 on: December 09, 2020, 09:54:43 AM »
Did anyone get shut down without Plastiq?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline justmeha

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #87 on: December 09, 2020, 10:12:11 AM »
(there are ways of cashing out MR at 1.5).
pray tell

Offline eyj

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Re: PayPal Launches Virtual Card Numbers For Use Anywhere (‘PayPal Key’)
« Reply #88 on: December 09, 2020, 10:34:06 AM »
Did anyone get shut down without Plastiq?
I’m sure Amex is well aware at this point that there are other avenues for PPK besides plastiq since many of those Amex shutdown were using them when they ran into plastiq limits so it seems wildly foolish to continue to do them at this point and not expect Amex to pull the rug out in the near future if they haven’t done so yet.

Offline Cls2020

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