You can generate new card numbers whenever you’d like, and you can disable cards whenever you’d like. PayPal Key Terms & Conditions | Landing Page | FAQ The program runs on the Mastercard network, and allows generating a card number to use anywhere and gets charged to any payment method in your PayPal wallet, including any credit card. PayPal has rolled out a new virtual card number system called PayPal Key. Note: this won’t always work, and reader Jenny says it does not work for Amex cards.] you’ll get grocery bonus points on a Grocery purchase and you’ll trigger a Chase Offer if you use it at a merchant with a Chase Offer. Update 10/29/20: Multiple data points I’ve seen indicate that when Paypal Key charges your card they generally carry over the category and method of charge exactly how it would be had you used the card directly. Other commenters mention a few other things that dried up at the same time, such as Bluebird loads. Update 11/26/20: Readers note that Paypal Key has blocked Plastiq from working. Update 12/17/20: Paypal Key Will Stop Allowing American Express Cards As Funding Option (Beginning January 4) It was a major gain since you could be the small debit card fee and use a credit card, but Paypal has now blocked that. Update 12/21/20: The demise of PayPal Key continues as readers report over the past couple of days that Paypal Key no longer works on tax payments.
Update 1/1/22: For those not eligible for PayPal key it seems you can become eligible by creating a PayPal balance account and then checking eligibility again.
Update 3/21/22: Paypal Kills the ‘Paypal Key’ Virtual Card Option (Ends April 21)
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