Yes - I've used it for Paypal. I have a Paypal debit card so it's really easy to get the money out and it's SO much faster to get the reward if you choose the Paypal option. I realize that it takes more points for Paypal but it's also cash that can be used for whatever you want. It usually only takes about 10 days (sometimes shorter) for the money to be available in my Paypal account.