Prepaid cards are technically a type of debit card. Issued by a financial institution or credit card company—Visa, MasterCard, and Discover all offer them—they are deposited or "loaded" with a certain amount of money. They then can be used in person or online to purchase items or pay bills.
Is a PayPal card a credit card?
The PayPal Cash Card is not a credit card. PayPal is not a bank and does not itself take deposits. You will not receive any interest on the funds in your PayPal Balance account.
Can you use a prepaid card like a credit card?
Prepaid cards look like credit cards and spend like credit cards, but there's no credit behind them. Because prepaid cards are associated with major card networks Visa, Mastercard, American Express and Discover they can be used anywhere debit cards can: to buy groceries, gas up your car and even pay bills online.
How do PayPal prepaid cards work?
Like most prepaid cards, you simply add funds to your card and then you are able to make purchases from any retailer that accepts Mastercard. Once funds run out, you must refill the card. There are no overdraft or late fees. When you want to use your prepaid PayPal card, you simply add money.
Is PayPal prepaid the same as PayPal?
The PayPal Prepaid card does not pull 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.
How do I check my PayPal balance on my phone?
- Find the PayPal app on your Android device.
- Tap the PayPal app icon.
- Enter your email address and password.
- Press the 'Log in' button.
- Your account balance will now be shown on the screen under “PayPal Balance”.
Can you buy a PayPal card at Dollar General?
The PayPal Prepaid MasterCard card will be available at more than 8,000 Dollar General stores in 40 states upon full rollout of the product this year. The PayPal Prepaid MasterCard card can be used for online and in-store purchases wherever debit MasterCard is accepted.
Can you buy prepaid PayPal cards?
Get Your PayPal Prepaid Card 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.
Is it free to get a PayPal card?
There is no fee to set up your account and get a card. We don't charge a monthly fee and no minimum balance is required. We don't charge for inactivity or limited use of the card. A fee of up to $3.95 will apply when loading cash to your PayPal balance at supported stores.
How much can you load on a PayPal prepaid card?
The maximum initial value load at a retail location is $500; each subsequent retail location reload made with the use of a Reload Pack is limited to $500. The maximum value of all cards you may have with The Bancorp Bank, the issuer of the PayPal Prepaid Card is $15,000.
How do I transfer money from my PayPal prepaid card to my cash App?