PayPal is once again offering 5% cash back on purchases this holiday season. Simply make any purchase at an eligible US or Canadian retailer using PayPal. All subsequent purchases made using PayPal will then net you 5% cash back.

You must register your PayPal email address prior to making any purchases. Either use the link in the email invites they are sending, or enter your email address at the website link provided below.

The maximum amount of cash back per purchase is $20 and the maximum amount total for the entire offer period is $200.

The Fine Print

Excluded transactions from this Offer include, but are not limited to the following: gift certificate payments, gift card purchases, and automatic and/or recurring payments that you have scheduled. If the payment for any purchase is refunded or cancelled at any time, you are not eligible for the Offer. If the payment is refunded after you receive the cash back, PayPal will deduct the cash back amount from your account.

This offer expires December 10th, 2012.