Your prepaid card has a monthly fee of $4.95 and a cash reload fee of up to $4.95. The daily limit is $5,000 per day, and the monthly limit is $15,000.īudgeting With Discover’s Spend Analyzer Tool The minimum check amount is $5, and the maximum is $5,000. There is no fee for this option and funds will be available within 10 days. PayPal uses a third party to cash a check, so there may be fees, unless you use the Money in Days option. Moreover, funds transferred from a PayPal account may not exceed $300 a day and $2,000 per rolling 30 days. Transfers made from your PayPal account are limited to the amount of money available in the account connected to the prepaid card. Netspend has over 130,000 locations locations nationwide, however these locations charge a fee, which is specific to each location. Load funds at a Netspend Reload Network Location.Transfer from a linked PayPal or PayPal Cash Plus account.PayPal MasterCard prepaid cardholders can load money onto their debit three ways: How to load money onto your PayPal prepaid debit card The information you’ll need to verify your identity is as follows:Īlso, you must activate your prepaid MasterCard within 120 days or the card will become invalid. If your card isn’t verified, you won’t be able to load more money to the card or use its features. Once you receive your PayPal prepaid MasterCard in the mail you must activate it, which requires identity verification. If you don’t, you won’t receive your actual card or have the ability to load additional funds to the card and use its features. You can do this online, and you’ll be required to enter the card number and verification card. Once you purchase the card, you must activate it. However, this card is only temporary, and you’ll still need to get a card from PayPal. If you need to use the card immediately, you can purchase it at a retail location and load money onto the card. PayPal waives the $4.95 fee if you order the card online and once ordered, the card should arrive within 7 to 10 business days. You can order the card online or purchase it at a retail location. There are two methods to obtain a PayPal MasterCard prepaid card. How to get a PayPal MasterCard prepaid card A credit card can also help you build credit. Unlike a debit or prepaid card, a credit card does require a credit check and can affect your credit card. The cardholder applies and is approved with a certain credit limit, which allows you to make purchases, transfers and ATM withdrawals and pay the money back within a certain time frame or the cardholder is charged interest on the remaining balance. Also withdrawing money from your bank’s ATM is free.Ĭredit cards are supplied by a bank or financial institution. Money is withdrawn from your account when making purchases or using an ATM. No overdraft fees or credit checks, but you may be charged fees to use ATMs.ĭebit cards are directly connected to the money in your checking account. Prepaid cards have money loaded onto them via cash, direct deposit, checks or bank accounts before they can be used to make purchases. This PayPal Prepaid MasterCard review will cover how to load money on the card, fees, features and other things to consider when deciding if this is the right prepaid card for you.ĭifferences between a prepaid, debit and credit card Others simply don’t like to carry cash and prefer to whip out plastic. Prepaid debit cards can be beneficial for parents looking to give their teenagers and young adult children some fiscal responsibility, while still managing their money as well as for adults who may have issues with money management. The prepaid card can be linked to the cardholder’s existing PayPal account, and like most prepaid cards, opening the PayPal prepaid MasterCard doesn’t require a credit check. The PayPal prepaid MasterCard is offered by Bankcorp Bank and Netspend through MasterCard, its payment network.
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