Amex Membership Rewards can be spent on PayPal

[can2]

I just got an email from Amex introducing a new feature, allowing to use Amex MR points for Paypal.
The email does not mention the rate though — I am certainly not expecting a decent rate at all, obviously.

[davefl]

Likely to be 0.4-0.5p as are the similar redemptions

[Rob]

Yes, I’m expecting 0.45p, same as Amazon.