Why did I receive a new PayPal Business Debit Mastercard?
You received a new PayPal Business Debit Mastercard that is now chip enabled for added security. PayPal is providing the chip cards at no charge to provide you better service and increased security. The EMV microchip, located on the front of your card, provides enhanced security features that help protect against fraud. The chip is extremely hard to duplicate or copy, which greatly reduces the opportunity to counterfeit the card. Your new card also supports contactless, NFC (Near Field Communication), and the traditional magnetic stripe.
Your new PayPal Business Debit Mastercard enables you to insert, tap, or swipe your card depending on the type of terminal your merchant uses. Your new can be used everywhere Mastercard is accepted.
If your card is lost or stolen, call 866-888-6080. We’ll immediately disable the card and issue a new chip enabled card for you.