No minimum balance necessary to open Savings Account or obtain the yield(s). TSYS and NetSpend are federally registered U.S. service marks of Total System Services, Inc. All other trademarks and service marks belong to their owners. Transfer Money 6,000,608 and 6,189,787. The Bancorp Bank and Mastercard are not affiliated with, and neither endorses nor sponsors the PayPal.com online account to which various funding sources, including a PayPal Prepaid Card, may be linked. In US you have it as mastercard debit card, but a "card" connected with your PayPal account that allows you to spend your money in a physical shop, exist also in another countries, Italy it's an example. Some cards offer rewards like points that can be exchanged for gift cards. Referred person acknowledges that payment of the referral may result in the cardholder's knowledge of referred person establishing an account with us. According to PayPal’s prepaid card terms, prepaid cards cannot be used for payments automatically pulled from PayPal accounts. These are promotional rates and may change without notice pursuant to applicable law. ATM operator fees may also apply. And, the card will be mailed to you. They do not accept store-specific gift cards, even if the purchase is being made with that store. Less haste, read more). IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. I also received a PayPal debit card without requesting one. The Bancorp Bank is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from PayPal. For New Accounts: Variable Purchase APR is 23.99%. No fee for MoneyPass ATM Withdrawals in the U.S. Foreign Transaction Fee applies for International ATM Withdrawals. © document.write(new Date().getFullYear()) Total System Services, Inc. � All rights reserved worldwide. Program sponsor: NetSpend Corporation. • If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. The PayPal Cash Card is not a credit card. Per PayPal's own Help FAQs, they state the following: You can't link a gift card, prepaid card, or one-time-use card to your PayPal account. PayPal is not a bank and does not itself take deposits. If the Average Daily Balance is $5,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield (APY) of 5.00%. This is NOT the same as linking it and I can't figure it out. No credit check.⁶, Get paid 2 days faster with Direct Deposit, Add money to your card at +130,000 Netspend Reload Network locations nationwide. Paypal Prepaid Debit Card Mastercard Review__Try Cash App using my code and we’ll each get $5! If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. 1Other costs, terms, and conditions are associated with the use and reloading of this Card Account. However you want to pay, PayPal can do that. Transfers from the PayPal Account to the PayPal Prepaid Card are limited to the amount of funds available in your PayPal Account and may not exceed $300 a day/$2,000 per rolling 30 days. On receipt, you can activate the card online and load it at any of the convenient locations close to you. No card needed. Note: Without an active account with PayPal to which your Card is linked, you will not be able to (1) use the Card to make purchases through PayPal; (2) earn rewards on PayPal purchases; (3) redeem rewards online or in a form other than statement credit; and (4) take advantage of online account management, make payments online or receive online statements. Add cash at any of more than 130,000 NetSpend Reload Network locations. Card issued by The Bancorp Bank, Member FDIC. Transfers from the PayPal Account to the PayPal Prepaid Card Account cannot be reversed or canceled. PayPal and the PayPal logo are registered trademarks of PayPal, Inc. The PayPal Prepaid Mastercard is a prepaid debit card that offers significant value to those who love the PayPal ecosystem and those looking to boost their savings through a connected high-yield savings account. A PayPal Cash or PayPal Cash Plus account is required for certain features, but not to have the PayPal Prepaid Card. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Please review the Cardholder Agreement for more details about the costs, terms, and conditions associated with use of the Card. Because Savings Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. Use of Card Account also subject to fraud prevention restrictions at any time, with or without notice. Get paid faster!1 Direct Deposit is the easy way for payroll checks and government payments to be automatically delivered to your PayPal™ Prepaid Card Account. Access money directly from your balance†† with our debit and prepaid cards, or easily finance your everyday purchases with our variety of credit and installment products. The APR is accurate as of 9/1/2020 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). ©2021 PayPal, Inc. All rights reserved. First, you'll need to pay for the card, and the cost can vary between retailers. 10The Savings Account is made available to Cardholders through The Bancorp Bank; Member FDIC. The Bancorp Bank and PayPal are not affiliated in any way with the program and neither endorse nor sponsor it. The APY for this tier will range from 5.00% to 0.72%, depending on the balance in the account. Card may be used everywhere Mastercard is accepted. But not all prepaid debit cards are created equal. Click on Wallet at the top of the page. PayPal Extras Mastercard Terms and Conditions: 3Purchases subject to credit approval. Your PayPal Business Debit Mastercard is linked to your PayPal account, so you’ll have a quick, convenient and up-to-date view of all your income and purchases. For PayPal Credit Account Terms, see the PayPal Credit Terms and Conditions. ^Pay in 4 is available upon approval for purchases of $30 - $600. We may also ask to see a copy of your driver's license or other identifying documents. Netspend, a TSYS® Company, is an authorized representative of The Bancorp Bank. 6By activating and using a PayPal Prepaid MasterCard, your participation in the rewards program is automatically activated. Overdrafts are not available. No rewards credited to either party if referred individual had a PayPal Prepaid Card or any other NetSpend Prepaid Card that was used for a value load, purchase, cash withdrawal, or incurred a Balance Inquiry Fee at any time during the 180 calendar days before the day the $10 load requirement is fully met. A PayPal debit card can be handy (this particular flavor is the Prepaid MasterCard- they also offer the Paypal Cash MasterCard (click to read our review)), particularly for those who are already using PayPal. Minimum interest charge is $1.50 for all types of cards in any billing cycle in which you owe interest. Applying for and using the Paypal Prepaid Debit cards is easy and free of cost. Purchases subject to credit approval. The interest rates and APYs of each tier may change. The PayPal Prepaid Card Cash Back Rewards Program is an easy, automatic way to save money when you use your card to pay for qualifying merchandise and services. If a member of your household has another PayPal Prepaid Account, another PayPal Account in that person's name is needed. Please can somebody, somewhere tell me how to link my PayPal prepaid Mastercard to my PayPal account? Overdrafts are not available. Allow 2 business days for $5 credit to appear on each Card Account. You must also load the card with a minimum of $10 to $20, depending on the retailer's requirements. Card may be used everywhere Debit Mastercard is accepted. This prepaid debit card doesn’t allow you to make cross-account transfers, and the mobile app for the card doesn’t include a mobile deposit option. Today was a bit more desperate as I needed the money to pick up prescriptions. Transfers may not exceed $300 per day/$2,000 per rolling 30 days and are limited to the funds available in your account at PayPal. I have a PayPal Prepaid Debit card issued by The Bancorp Bank which kindly provides a routing and account number for ACH transfers. Transactions at non-MoneyPass ATMS have a $2.50 ATM Domestic and International Withdrawal Fee. Te APYs were accurate as of var monthNames = ["January","February","March","April","May","June","July","August","September","October","November","December"];document.write(" "+monthNames[new Date().getMonth()]+" 1, "+new Date().getFullYear()). See Cardholder Agreement for details. 7  For full functionality of this site it is necessary to enable JavaScript. Cardholder acknowledges that by referring a friend through this program, cardholder is releasing non-public information. The PayPal Prepaid MasterCard is issued by The Bancorp Bank pursuant to license by MasterCard International Incorporated and may be used everywhere Debit MasterCard is accepted. PayPal Cash Mastercard Terms and Conditions: 5ATMs must display the Mastercard®, Cirrus®, PULSE® or MoneyPass® acceptance marks. We do not share personal information about you with the … If you do not have one of those accounts, you can only transfer your Cash Rewards to your bank account or debit card linked to PayPal. If a cardholder accrues $600 or more in Refer-a-Friend rewards in a calendar year, NetSpend will mail cardholder an IRS Form 1099-MISC reflecting the total Refer-a-Friend rewards for such calendar year. Subject to credit approval. I take advantage of this feature for Direct Deposit from my employer and for various other accounts with automatic bill pay. We'll send you money-saving offers based on your shopping history. Learn more and manage your cookies, Credit Cards, Digital Credit Line & Installments, Earn Cash Rewards every time you use your card – no purchase exceptions, Redeem Cash Rewards directly to your PayPal balance†† at any time – no redemption threshold, Plus, enjoy all the benefits of being a Mastercard cardholder, Earn 3 points per $1 spent on gas and restaurant purchases, 2 points per $1 spent on PayPal and eBay® purchases and 1 point per $1 spent on all other Mastercard purchases³, Redeem points for gift cards, travel vouchers, cash back to your PayPal balance†† and more. Offer availability also depends on the merchant. Find the nearest location. You will not be able to go online to access balance information, your transaction history, Instant Transfers, the mobile app, and the optional savings account unless you link a PayPal Account to this Card. When you activate an offer and make a purchase with the card, the merchant will not know you are a rewards program customer, but you will become their customer. PayPal Debit Card is a nice MasterCard branded debit card with many interesting features.Watch my review of PayPal Credit: https://youtu.be/kSIIAimJBFw Card may be used everywhere Mastercard is accepted. Transfers may only be made in the name of a valid PayPal Prepaid Mastercard Cardholder. NetSpend, a TSYS� Company, is an authorized representative of The Bancorp Bank. 1The PayPal Cash Card is a debit card linked to your PayPal Cash Plus balance. This demonstrates my PayPal Prepaid Mastercard is able to ACH to and from the account. The Bancorp Bank; Member FDIC. If your account with PayPal is closed for any reason, or if your Card Account is no longer linked to PayPal, your Card Account will be closed and any Cash Rewards earned, but not redeemed, will be forfeited. 6,000,608 and 6,189,787. *PayPal Cash Plus account required to get the card. You must be of legal age in your U.S. state of residence to use Pay in 4. 5  For more details about how and when you get rewarded, see the program FAQs, terms and conditions in your Online Account Center. Loans to California residents are made or arranged pursuant to a California Finance Lenders Law License. Prepaid cards do away with the need for checking accounts and checkbooks, as well as with standard credit cards. • If the Average Daily Balance is more than $1,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $1,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of the Average Daily Balance which is $1,000.00 or less will be 4.91%. 9A fee may be assessed by reload location and may vary from location to location. We may also ask to see a copy of your driver's license or other identifying documents. You will only be able to redeem rewards in the form of a statement credit by calling the number on the back of your card. Only one (1) PayPal Prepaid Card may be linked to one (1) PayPal Account. 2For New Accounts: Variable Purchase APR is 19.99%, 23.99% or 26.99%. 1. PayPal Cashback Mastercard Terms and Conditions: 1See Rewards Program Terms for details and restrictions. 6,000,608 and 6,189,787. However you want to pay, PayPal can do that. Accrued Reward Points that are not redeemed will be forfeited 24 months (2 years) after they were first accrued or if there are no purchases for 24 consecutive months.