PayPal today announced it has added support for prepaid gift cards, letting its users apply them to the purchase of products and services anywhere PayPal Checkout is available. PayPal claims it spent months of research and investigations before finding a “patent-pending and innovative way” to allow the usage of prepaid gift cards.

Prepaid gift cards (such as those from Visa, American Express, MasterCard, and Discover) are now just another source of money for PayPal, in addition to its existing support of debit cards, credit cards, and banks. The company says this means you can now pay “anytime anywhere and with any card.” The fine print is of course that “anywhere” is actually “anywhere that accepts PayPal.”

See also – PayPal and Samsung partner to make it easier to pay and get paid for apps, games, music, movies, and more and PayPal president is fascinated by Bitcoin, says company is ‘thinking about’ including the virtual currency

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