![]() There is no owner surcharge fee if you use a MoneyPass Network ATM for a withdrawal. You can use PayPal’s Prepaid Mastercard for cash withdrawals.Ĭardholders can utilize any ATM with a Mastercard, Cirrus, or PULSE acceptance mark for a fee of $1.95 plus any surcharge fee from the ATM owner or bank. Interest is calculated on the average daily balance of the savings account with quarterly payments.Īdditional details can be found here. You must link your card to your PayPal account to open this savings account. 5% APY OptionĬardholders are given the option to open a tiered-rate savings account through The Bancorp Bank, and along with it, the ability to earn up to 5.00% APY (Annual Percentage Yield) for balances up to $1,000. The cash-back rewards are credited to the card account. Offers are based on your shopping habits, but PayPal won’t share your personal information with the merchants that sponsor these offers.Ĭardholders must review and activate the offer, then make the purchase with the PayPal Prepaid card. With the PayPal Prepaid card, PayPal may send cardholders rewards offers. Netspend Visa Prepaid Card - Is It Really Worth It? Special Offers The minimum amount a cardholder can load is $10 or $20 depending on the location. However, a fee (specific to each location) is usually associated with this option. Netspend provides more than 130,000 nationwide locations where cardholders may add funds to their account. For example, if you only have $150 in the account, you can’t transfer more than that.Īdditionally, funds transferred from a PayPal account may not exceed $300 a day and $2,000 per rolling 30 days. Add money at a Netspend Reload Network location (subject to fees)Īny transfer made from a cardholder’s PayPal account is limited to the amount of money available in that account.Transfer from a linked PayPal Cash or PayPal Cash Plus account.Loading Funds Onto Your CardĬardholders can load funds onto the card in a number of ways: ![]() If you order the card online, the first $4.95 fee (the purchase fee) is waived, but the monthly fees still apply. This card comes with a $4.95 monthly plan fee. The PayPal Prepaid card does not pull funds directly from your PayPal account. ![]() Funds need to be loaded onto the prepaid card to utilize the card. PayPal Prepaid and Debit Card Differences PayPal Prepaid Card Image Credit: PayPalįunds used for the PayPal Prepaid card account are held in an FDIC-insured account with The Bancorp Bank. There is no credit check for either card because they are not credit cards.Ĭardholders must link their cards to their PayPal Cash Plus account to use these cards and their benefits. Credit Cards: What’s the Difference and Which Is Best?īoth PayPal Mastercards are issued by The Bancorp Bank and can be used anywhere Debit Mastercard is accepted. Option for cash withdrawal at ATMs worldwide (including free withdrawals at 25k+ MoneyPass locations)īottom Line: PayPal cards are debit cards, NOT credit cards! We explain the differences in our article Debit Cards vs.Direct deposit at no extra cost (to fund your PayPal balance). ![]()
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