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- In our opinion, the best prepaid card to use with PayPal is PayPal’s own prepaid Mastercard. But Since PayPal accepts prepaid cards from American Express, Discover, Visa, and Mastercard, you can use just about any reloadable prepaid card with your PayPal account.
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Which prepaid debit card is best for PayPal?
Ahead, CNBC Select breaks down the rewards, benefits and fees associated with the PayPal Prepaid Mastercard to help you decide if it's the right card for you. (Read more about our...
May 22, 2023 · Prepaid debit cards are a convenient and accessible alternative payment method and can serve as a helpful budgeting tool. Before you decide on whether a prepaid debit card is right for you, research and compare different card options to find one that meets your needs and helps you achieve your financial goals.
- PayPal Prepaid and Debit Cards at A Glance
- PayPal Prepaid and Debit Card Differences
- PayPal Prepaid and Debit Card Fees and Drawbacks
- Obtaining Your PayPal Debit Or Prepaid Card
- Final Thoughts
Bottom Line: PayPal cards are debit cards, NOT credit cards! We explain the differences in our article Debit Cards vs. Credit Cards: What’s the Difference and Which Is Best? Both PayPal Mastercards are issued by The Bancorp Bank and can be used anywhere Debit Mastercard is accepted. There is no credit check for either card because they are not cred...
PayPal Prepaid Card
Funds used for the PayPal Prepaid card account are held in an FDIC-insured account with The Bancorp Bank. Funds need to be loaded onto the prepaid card to utilize the card. The PayPal Prepaid card does notpull funds directly from your PayPal account. This card comes with a $4.95 monthly plan fee. If you order the card online, the first $4.95 fee (the purchase fee) is waived, but the monthly fees still apply. This fee adds up to $59.40 per year.
PayPal Cash Card
The PayPal Cash card is automatically linked directly to your PayPal Cash Plus account. When you use the card to make purchases, it pulls directly from the available balance in your PayPal account. While you don’t have to load funds onto the card, you still need to be sure there is money in your PayPal account for the card to work.
These are not credit cards, so they don’t come with the standard feeswe usually see on cards, such as APR, cash advance APR, cash advance fees, and late fees. These are the fees associated with PayPal debit cards: *Cash withdrawals at retailers such as grocery stores are free when you select the debit option and enter your PIN. Generally, you can e...
Get Your PayPal Prepaid Card
You can obtain a PayPal Prepaid card in 1 of 2 ways: 1. Order it online 2. Purchase at a retail location If you order the card online, PayPal waives the purchase fee of $4.95. Once the card is ordered, you should receive it in the mail within 7 to 10 business days. If you purchase your PayPal Prepaid card at a retail location, you can load money onto the card immediately. However, this is a temporary card. After purchase, the card still needs to be activated,which requires identity verificati...
Get Your PayPal Cash Card
You can obtain a PayPal Cash card by requesting one online. Once you successfully order your card, it should arrive within 7 to 10 business days.
The PayPal Cash card and PayPal Prepaid card are the debit and prepaid card options provided by PayPal, but are they worth it? If you’re already an active PayPal user, maybe. If you’re not, it’s unlikely either card will benefit you all that much. For current, active PayPal users, the best thing about these cards is that they link to your PayPal ac...
PROS. No Purchase Fees. Free Reload Options. CONS. Monthly Fee. Withdrawal Fee. Foreign Fee. The Verdict: Prepaid cards are basically newfangled checking accounts minus the checkbook. And given that PayPal bills itself as “new money,” you’d think the PayPal Prepaid Card would be a perfect fit. But that would certainly be an overstatement.
Apr 9, 2021 · The PayPal Prepaid Mastercard, issued by Bancorp Bank, has one special feature: transfers from a PayPal account to the card for fast access to funds. But you won’t find much else that’s...
May 27, 2022 · 4.0. SCORE. Quick Take: The PayPal Prepaid Mastercard offers a convenient way to spend money both in person and on the go. It has cash back reward opportunities, and you can access your funds up to two days early if you deposit your paycheck directly to a PayPal prepaid card. However, the card has a $4.95 monthly fee that you can't waive.
Sep 12, 2023 · $4.95 monthly fee. No credit reporting. Building credit? Explore Secured Credit Cards Now. The rundown: Everything we like about the PayPal Prepaid Mastercard®. If you have a PayPal account, the PayPal Prepaid Mastercard® could have some benefits for you. Link to your PayPal account.
