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So I have a PayPal debit card for my PayPal account that I have had for quite a few years now. Anyways I received this letter in the mail stating Your current card will close on Aug 6th 2018. To avoid interruption of service, please log in to your PayPal account to request a new PayPal Business Debit Mastercard with enhanced security features.
It also says, For additional cardholder protection, we have updated the PayPal Business Debit Card to include an EMV chip and a tap-and-pay option. Now you can swipe, insert or tap! To ensure a more secure experience, the magnetic stripe cards, like your current card, are closing on Aug 6, 2018. Please be sure to request and activate the new PayPal Business Debit Card.