PayPal Launches UK Prepaid Product

PayPal Inc. began offering a reloadable prepaid debit card Friday in the United Kingdom.

Royal Bank of Scotland Group PLC issues the PayPal Top Up Card, which runs on the Visa Inc. network. The card can be reloaded using PayPal's core online payment service and at post offices and PayPoint PLC retail outlets.

Carl Scheible, the managing director of the eBay Inc. unit's U.K. business, said in a press release issued Friday that the card lets people "stick to a tight budget, for example by loading up a set amount of money each week."

PayPal introduced a U.K. credit card in 2006. In the United States, it offers a credit card (which General Electric Co.'s GE Money issues) and a debit card for business customers that is linked to PayPal accounts.

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