PayPal Key being discontinued

[DONZI]

@CreditCuriositythat's a shame. How did you learn of this? Looking over my last few months of paypal email notices, nothing about it that I can find.

..and a HUGE thank you for bringing this info, I've got a good bit of monthly bills on autopilot using PPKey.

Wow, fast change. Found this on Paypal https://www.paypal.com/us/smarthelp/article/what-is-paypal-key-and-where-can-i-use-it--faq4240

but doesn't seem to be included in other documents like the PP key terms and conditions https://www.paypal.com/us/webapps/mpp/ua/ppkey-tnc

[kilroy8]

[CreditCuriosity]

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@DONZI wrote:

@CreditCuriositythat's a shame. How did you learn of this? Looking over my last few months of paypal email notices, nothing about it that I can find.

..and a HUGE thank you for bringing this info, I've got a good bit of monthly bills on autopilot using PPKey.

Wow, fast change. Found this on Paypal https://www.paypal.com/us/smarthelp/article/what-is-paypal-key-and-where-can-i-use-it--faq4240

but doesn't seem to be included in other documents like the PP key terms and conditions https://www.paypal.com/us/webapps/mpp/ua/ppkey-tnc

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Got an email from paypal

[dragontears]

Not surprised. 

Was a great way to avoid the CC fee by being able to run as debit but someone (PayPal) had to pay the CC fee at some point and no Business likes loosing money. 

[uncredited]

I wonder if VANs (Cap1/Citi) are going to vanish as well? Citi already doesn't advertise theirs and aren't clear if any given card comes with it until you have the card. Cap1 promotes theirs.

[DONZI]

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@kremonis wrote:

Does anyone know an alternative that works just like Paypal key?

"Just like" ..not off-hand. I'm starting to look now however.

I know of https://jiko.io -- virtual debit cards with no CC linkages

..looking over these : https://howmonk.com/best-virtual-debit-credit-cards/

[longtimelurker]

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@uncredited wrote:

I wonder if VANs (Cap1/Citi) are going to vanish as well? Citi already doesn't advertise theirs and aren't clear if any given card comes with it until you have the card. Cap1 promotes theirs.

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Possibly, but I would guess paypal's issue with PPK was different.   VANs are "just" an alternate number to the issuers credit card (with all the management costs that creates).  PPK is passing the charge to another issuer (the target couldn't be a paypal card) and I am sure that creates either costs or a lot of discussion about who should pay what.

[longtimelurker]

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@CreditCuriosity wrote:

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Got an email from paypal

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After reading this thread, going to DoC, and making some adjustments to reflect this change, I got the email about an hour ago!

[Remedios]

If you guys want to discuss debit cards, please start a thread in Personal Finance especially since the idea behind PayPal key was to avoid CC fees while not using debit cards, ability to meet PayPal quarters spend at websites where you normally couldn't use PayPal etc 

Currently, there isn't a virtual credit card  that would serve the same purpose, so virtual credit cards are also a topic for another thread. 

[UncleB]

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@FinStar wrote:

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@Remedios wrote:

I feel like crying...or punching air. 

Maybe both   

On a positive side, I'll probably PC old freedom to CFU. While I can take advantage of PayPal quarter if it's around holidays, it's not very useful during the other 9 months. 

I guess when Universe offers you a solution to a problem you didn't have,  accepting it is the only option. 

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No crying on this thread. There's already another one for that 😂

And see, the cosmic forces delivered! 😜

@UncleBis not going to like the news 😬

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You're not joking.

This makes my Freedom Flex somewhat redundant (I also have a Freedom), but it is what it is. 

It sure was nice while it lasted, though.