Dead: PayPal Is Shutting Down PayPal Key Virtual Card

This post may contain affiliate links; please read our advertiser disclosure for more information.

PayPal Has a New Virtual Card

Update 3/21/22: PayPal just sent out an email to PayPal Key members saying the virtual card option will be shuttered next month. New members were blocked starting March 1st and now all existing member’s virtual cards will be declined automatically starting 4/20/22. It was fun while it lasted. At least you get a month to say goodbye I guess.

Original Post

PayPal has launched a new virtual card that you can use to pay for any online purchase with your PayPal account. With this virtual card, called PayPal Key, you can use PayPal for your purchases even when an online merchant doesn’t have a PayPal checkout option. This quarter for example, you can use your Discover card through PayPal for any purchase online and earn 5% cash back.

Amex Is Removed 12/17/20

PayPal Key will no longer accept American Express cards per an email going out to members. The change will go into effect 1/4/21.  This was one of the better features of PayPal Key, being able to use an Amex card anywhere Mastercard was accepted.

PayPal Key

PayPal Key is a virtual card and a new way to use your PayPal account anywhere cards are accepted online. PayPal Key is a new product and is currently available for select customers only. It will soon be available to others.

Here’s how PayPal Key works:

  • Choose a payment method from your PayPal Wallet
  • Receive a secure PayPal Key with its own virtual card number, expiration date and security code
  • Save the PayPal Key to your browser for faster checkout or use it as you would any card online
  • Take PayPal Key anywhere you shop online

PayPal Key is not a credit card so there’s no lengthy application or credit check. Plus, you won’t pay any set-up or usage fees.

You can add your PayPal Key to:

  • Web browsers (Google Chrome, Safari, Internet Explorer)
  • Venmo
  • Google Pay

Currently, PayPal Key does not work with Apple Pay or Samsung Pay.

You can use your PayPal Key to:

  • Shop at any U.S. and non-U.S. merchant that accepts Mastercard
  • Buy over the phone (just give the merchant your virtual card number, expiration date and security code)
  • Earn points in the same way you would with any card in your account

You can see more details here.


Some people are already seeing PayPal Key in their accounts. Seems like a useful option when you want to use PayPal for your online purchases. It even gives you the option to use Amex cards for purchases, even when they are not accepted on a site. You can add them to your PayPal account and then pay with PayPal Key, which uses the Mastercard network.

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!