Paypal Prepaid Mastercard
Paypal Prepaid Mastercard
A prepaid debit card is a payment card that allows you to spend only the money you deposit on the card. A prepaid debit card does not help you build credit. Prepaid cards are suitable for any merchant that accepts their payment network, and are the same as debit cards, such as Visa, Mastercard or American Express. Using prepaid cards is safer and more convenient than using cash. The PayPal Prepaid MasterCard issued by Bancorp Bank has a special feature: you can transfer money from your PayPal account to the card, not to promote quick access to funds. The cost and standard service of PayPal Prepaid MasterCard are comparable to other prepaid options, but the fees may increase.
Pros & Cons Analysis of Paypal Prepaid Mastercard
Pros
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0% for the first 6 months
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get free cash back at the retail checkout
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provide savings accounts up to 5.00% APY
Cons
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US$2.50 required for each withdrawal at the bank counter
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the transfer limit is 300 USD per day
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iIf you don't link the card to your PayPal account, you will not be able to access online services
Paypal Prepaid Mastercard Highlights
Rewards: PayPal cooperates with certain retail locations and services. Whenever you use your PayPal Prepaid MasterCard at these locations, you can get a partial return on your purchase in cash. Refer a friend: If you recommend a friend or family member, and they open a PayPal prepaid MasterCard and top up at least $40, you and your friend will get a credit line of $20. The Bluebird American Express prepaid card does not charge monthly fees, free online ATM withdrawals, free cash deposits at Walmart locations, and free use of your salary with direct deposits. However, unlike MasterCard, American Express is not accepted in all places, so make sure you shop in a place that accepts American Express. If you have a PayPal account and use it frequently, you will benefit from PayPal Prepaid MasterCard. There is a monthly fee, so make sure you can use the card before ordering, but if you don't have a bank account but need a debit card like a debit card, you can enjoy many features.
FQA of Paypal Prepaid Mastercard
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How much does it cost to get a PayPal Prepaid MasterCard®?
You need to pay for the paypal prepaid mastercard temporary card purchased at a retail point, and the price depends on the retail point. You also need to add funds when purchasing the card. The cost of purchasing a card is determined by the retail location. Depending on the retail location you visit, the minimum initial load value will be $10 or $20. The maximum initial load value is 500 USD. After purchasing the card, you will automatically join the monthly fee plan of $4.95, allowing you to make unlimited purchases (subject to availability of funds). Within 36 hours of purchasing, the first plan fee will be collected from your card account. To view this monthly fee and other fees associated with using the card, please refer to the "Service-Related Fees" section of the PayPal Prepaid Cardholder Agreement. -
How long does it take to receive a permanent PayPal Prepaid MasterCard®?
When you purchase a paypal prepaid mastercard card at a retail location, you will leave the store with a temporary card, which is valid for 120 days from the date of purchase. To obtain a personalized card, you must activate the temporary card and verify your identity. You should follow the instructions that came with the temporary card. They will mail the personalized card to you on the first working day after your request. If you do not receive your personalized card within 10 working days, please call Customer Service. -
Why should I link my PayPal Prepaid MasterCard to my PayPal Account?
In order to use the full set of PayPal prepaid card online features and functions, you must link the card account to a PayPal personal or premium account. Important online features include access to the online account center, where you can safely view your PayPal prepaid card account balance and transaction history, use their online bill payment services, access virtual account features, and open optional tiered interest rate savings Eligibility of the account.
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