![]() ![]() Note that all referrals need to activate their card and load at least $10.īill Pay: The PayPal card offers free bill pay through an e-check system. Referral Bonus: If you refer a friend with your refer-a-friend promo code, you and the friend each get $5. Note that not covering the negative balance within two months can result in your card being canceled. This allows you to cover a transaction that puts your account at a negative balance up to $10. However, direct deposit users may be eligible for a “purchase cushion” of up to $10. Purchase Cushion: The PayPal Prepaid Mastercard doesn’t offer an overdraft program, so it doesn’t have overdraft fees. You’ll need to opt-in to these offers through the portal to earn cashback. Users can transfer money into their savings account to earn up to a 5.00% Annual Percentage Yield (APY) on deposits up to $1,000, with a 0.50% APY on balances over $1,000.Ĭash Back: If you connect your card to your PayPal account, you’ll receive periodic offers to earn cashback rewards for select merchants. Savings Account: The PayPal Prepaid Mastercard offers a high interest-bearing savings account. Users who don’t connect their card to a PayPal account can’t access the online portal or mobile app to check their balance or transactions and aren’t eligible to earn cashback rewards. It is important to note that having a PayPal account is crucial to getting the full use of this card. The PayPal Prepaid Mastercard includes the main features of most prepaid cards, such as free direct deposit and bill pay, but it also offers some unique features such as its connection to PayPal and Refer-A-Friend program.Ĭonnect to PayPal Account: You can connect the card to a PayPal account for instant money transfers to and from PayPal. You can get cash at virtually any ATM, but ATM withdrawals come with a fee of $1.95. For check deposits to be instantly available, the fee is 1% for government checks and 4% for all others. The card also offers free mobile check deposit, but processing takes 10-days. You can load your PayPal card for free via direct deposit or PayPal account transfer. But it’s not possible with the PayPal prepaid card. However, with some prepaid cards, there are ways to waive this fee. That’s about the average for prepaid cards. The card has a $4.95 monthly maintenance fee. The PayPal prepaid card, similar to other prepaid cards managed by Netspend, offers a high-interest savings account with a promotional rate of 5.00% APY on deposits up to $1,000. It offers instant transfers to and from a PayPal account, essential for PayPal users who don’t have a checking account. The PayPal Prepaid Mastercard is available on the Mastercard network and is widely accepted anywhere Mastercard debit cards are accepted. But many of the features are available only to PayPal users. It also offers useful features like a high-interest savings account, cashback bonuses, and mobile check deposit. The PayPal Prepaid Mastercard, issued by The Bancorp Bank and managed by Netspend, allows for free instant cash transfers from PayPal to the prepaid card. 10 Ways to Add Cash to Your Prepaid Card.Warning: You’re Paying Too Much for Your Prepaid Card. ![]() P2P Transfer Options for Prepaid Debit Cardholders.4 Ways to Get Cash from a Prepaid Card (Two Free Ways).5 Ways To Shop On Amazon Without A Credit Card.My Prepaid Card was Lost or Stolen: Now What?.4 Ways to Improve Your Credit That You’ve Never Heard Of.How to Set Up Direct Deposit to a Prepaid Debit Card.How to Load a Prepaid Card With a Check.How to Transfer Money from a Bank Account to a Prepaid Debit Card.How Secured Credit Cards Can Increase Bad Credit Scores.5 Instances When You Should Say No to Prepaid Cards.Axos Bank Review–Top Online Bank with Free Checking and High-Yield Savings.ONLINE BANKS: What Are They and Are They Right for You?.Guide to Prepaid Debit Card Fees (and how to avoid them).Free Prepaid Debit Cards – How to Pay Low or No Fees with these Cards.6 Factors for Choosing the Right Prepaid Card for Your Teen. ![]()
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