I am having the same exact issue with my new Venmo debit card. My previous one worked fine with PayPal but I had to get a new one due to a fraudulent charge. After receiving the new card and trying to link it to my PayPal account, it says that it is not supported and I need to try a different payment method. After an extensive amount of time speaking to PayPal online support they confirmed I had correctly tried every option to get the card linked and that I had not made any errors when entering my information. I was then told to call PayPal and I spoke with an agent who told me the card was being declined due to improper information and that I would need to contact Venmo as the issue was on their end. I contacted Venmo and after an hour of investigating they determined that their automated security system is preventing the card from linking to PayPal and they have no way to override it so there is no way to get it to work. I requested a new card and am currently awaiting its arrival. hoping that it will somehow work.
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