With the August bank holiday just around the corner, thousands of Brits will be heading off to make the most of the long weekend. However, whether soaking up the sun on the continent or taking a trip closer to home people should consider using a prepaid Card to keep their holiday spending safe and under control, according to PayPal.

The new PayPal Top-Up Card is one of the most competitive Cards in the market, costing just £4.95 to get started. Using the PayPal Top Up Card is also convenient and practical and there are multiple ways you can top the Card up with money *.

Carl Scheible, Managing Director of PayPal UK commented, “In the current economic climate Brits may be looking for ways to be smarter with their holiday spending. The new PayPal Top Up Card allows people to do just that. By loading up a set amount of money people can ensure that they stick to a tight budget for the duration of their holiday; avoiding the headache of a huge credit Card bill when they return.

“A pre-loaded Card is also safer and more convenient than carrying holiday cash or travellers cheques. The Card will be protected by Chip and PIN and if the Card is lost, funds are secure, where a loss of cash is not.”

To apply for a PayPal Top Up Card please log onto:
www.paypal.co.uk/topupCard

For further information please contact:
paypal@lansons.com
020 7566 9777
Laura Moss / Natalie Martin / Louise Bromley - Lansons Communications

Notes to Editors

* About the PayPal Top Up Card
The PayPal Top Up Card is available to both PayPal and non-PayPal account customers, can be purchased from the PayPal website (www.paypal.co.uk/topupCard) and will cost £4.95 to purchase, making it one of the most competitive Cards in the market. Using the Card will be easy and practical and can loaded with money at Post Offices, PayPoint outlets across the county and online at www.paypal.co.uk/. The Card is free to reload via PayPal. Once loaded, the Card can be used to shop online, over the telephone or on the high street, wherever the VISA logo is displayed, anywhere in the world. PayPal account holders will also be able to transfer funds from their PayPal account directly onto the Card.

The Royal Bank of Scotland has partnered with PayPal and acts as the PayPal Top Up Card issuer

About PayPal
PayPal is a secure online account that stores your Card and bank details, enabling you to pay online and by mobile phone quickly and safely. There's no need to enter your sensitive financial information every time you shop, and you can be confident that it is never shared with the seller. PayPal is the safer, easier way to pay and get paid online

PayPal Europe S.àr.l. et Cie S.C.A. is a Luxembourg-based limited liability partnership, which is regulated by the Commission de Surveillance du Secteur Financier (‘CSSF') in Luxembourg. PayPal Inc is the ultimate parent of PayPal Europe S.àr.l. et Cie S.C.A. and is 100% owned by eBay Inc. PayPal Inc was set up in the US in December 1998 and acquired by eBay Inc in 2002.

PayPal has 60 million active accounts* (149 million total accounts) and is available in 190 markets. * active accounts are those that have had activity in the past 12 months.

More information about the company can be found at www.paypal.co.uk or www.paypal.co.uk/press

Published on: 12:00AM on 20th August 2008