Merchants in the United Kingdom stand to benefit more so than will consumers from a new contactless prepaid card that will allow either to spend or withdraw from their PayPal accounts without first transferring the funds to a bank account.

PayPal Inc.’s Access Prepaid MasterCard enables merchants and consumers to access PayPal accounts at ATMs or point-of-sale terminals, Rob Skinner, a PayPal UK spokesperson, tells PaymentsSource.

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