PayPal and Venmo Cards Now Compatible with Apple Wallet

Published 10 months ago

PayPal Holdings Inc. has recently announced that customers can now add their PayPal and Venmo credit or debit cards to their Apple Wallet. This development allows card holders to make payments effortlessly with a simple tap of their iPhone or Apple Watch, whether in-store, online or in apps. Importantly, the use of Apple Pay in this manner will not disrupt the earning of cashback and rewards that customers are accustomed to.

A Rising Trend in Mobile Wallet Use

Mobile wallets have been gaining traction as more consumers opt for safe, quick, and contactless payment options. A recent survey by Morning Consult revealed that 42% of Americans are now using mobile wallets. The addition of PayPal and Venmo cards to the Apple Wallet enhances this trend, offering an easy and secure alternative for making quick payments.

Making Purchases with Apple Pay

PayPal and Venmo customers who have added their cards to Apple Wallet can utilize Apple Pay on their iPhone, iPad, and Mac for quick and convenient purchases. This method bypasses the need to create accounts or type in shipping and billing information repeatedly. Apple Pay ensures the security of every purchase with Face ID, Touch ID, or device passcode authentication, alongside a one-time unique dynamic security code.

Easy Setup for Apple Wallet

Adding a PayPal or Venmo credit or debit card to Apple Wallet is a straightforward process. Users need to access the Apple Wallet app, select the option to add a debit or credit card, and then either scan their card or enter the details manually. Once a card is added, in-store purchases can be made by authenticating with Face ID or Touch ID, and holding the iPhone or Apple Watch close to a reader. For online or in-app purchases, customers simply choose the Apple Pay option at checkout and follow the steps.

Earning Rewards with Apple Pay

When making transactions with Apple Pay, customers stand to earn various rewards. These include 2% cashback on purchases with the PayPal Cashback Credit Card, PayPal Rewards points when shopping with the PayPal Debit Card, and unlimited 1% cash back on eligible purchases with the PayPal Business Debit Card. The Venmo Credit Card offers 3% cash back on top spend categories, 2% on the next, and 1% on all other eligible purchases. Venmo Debit Card users can also earn cashback at participating businesses.