PayPal UK Credit Card (Santander) closing

1 Post
in Credit cards
Hi there,
Not sure if anyone is interested but I've just had a letter from Santander informing me that "from 31st March 2012 Santander Cards Uk Limited will cease to be the card issuer for PayPal MasterCard and your card will no longer be accepted online or in store from this date."
Not particularly surprised that eBay/PayPal would have a short relationship with Santander given how cack handed their handling of the accounts has been.
However the letter also says "We apologise for any inconvenience this may cause. PayPal will be in touch shortly to tell you about the new and exciting products that they will be launching."
I wondered if anyone here knew who the new card partner might be? Presumably not MBNA as they're trying to exit the UK market. I know the first (short lived) version of the UK PayPal MasterCard was from GE Capital but would be surprised if they went back to them having left them in favour of Santander.
Eddie
Not sure if anyone is interested but I've just had a letter from Santander informing me that "from 31st March 2012 Santander Cards Uk Limited will cease to be the card issuer for PayPal MasterCard and your card will no longer be accepted online or in store from this date."
Not particularly surprised that eBay/PayPal would have a short relationship with Santander given how cack handed their handling of the accounts has been.
However the letter also says "We apologise for any inconvenience this may cause. PayPal will be in touch shortly to tell you about the new and exciting products that they will be launching."
I wondered if anyone here knew who the new card partner might be? Presumably not MBNA as they're trying to exit the UK market. I know the first (short lived) version of the UK PayPal MasterCard was from GE Capital but would be surprised if they went back to them having left them in favour of Santander.
Eddie
0
This discussion has been closed.
Latest MSE News and Guides
Replies
So if eBay/Paypal are launching a new card it will be through a partnership; which not many about now. Ikano Financial Services and Sygma/Creation/LaSer UK are the only two I can think of
RBS pulled out and it was replaced with the Prepay Solutions access card. No doubt that will end at some point to.
Scrounger
I've had thousands of points from them (including the initial 2000). :beer:
Scrounger
Dear Mark Wallace,
Thank you for contacting PayPal regarding your PayPal MasterCard, Mr. Wallace.
I appreciate the time you've taken to contact me over this matter. I understand from your email that you wish to complain about the cancellation of your PayPal MasterCard.
Santander, as the issuer and processor of these cards, has decided that they no longer wish to offer this service. As of yet, PayPal does not have a replacement lined up for this product.
For further information on this matter, please contact Santander on [URL="tel:0871%20522%205000"]0871 522 5000[/URL].
Please let us know if you require any further assistance, Mr. Wallace; we'll be happy to help.
Yours sincerely,
Gemma
PayPal