Credit Card Review & Application
- Instantly transfer money from your PayPal Account to your PayPal Prepaid MasterCard!
- Use free direct deposit and get your paychecks faster
- Get account alerts on your mobile device or download our App to check your balance and see recent transactions
- Open an optional savings account currently offering a 5.00% APY for balances up to $5,000 (new)
- Earn Cash back rewards from specially selected stores, restaurants and more
- No credit check, overdraft fees or interest charges
- Safer than carrying cash - use it to pay for everyday purchases
|APR on Purchases:||N/A *|
|Card Issuer:||The Bancorp Inc.|
|Card Category:||Consumer (Shopping)|
|Card Type:||- Guaranteed Approval|
- Instant Decision Card
- Prepaid Debit Card
- Shopping Card
- Tax Refund Card
- Reward Card
|Credit Needed:||Accepts All*|
Applying for the PayPal Prepaid MasterCard is a simple process. Anyone with a PayPal account can request the card. Basic information is verified and then the card is sent out. Once a person agrees to pay the low monthly maintenance fee, the features and functionality of the card begin.
Because the card is linked to PayPal, it has instant features. Any time money is received into PayPal, the money is accessible with the MasterCard. This means eBay transactions, money collected with the PayPal swipe tool and from other payments are instantly available. It also provides the online account access.
The card works like a debit card because a PIN number will be provided. This makes it easy to use the card at the gas station, the grocery store and to ask for cash back from participating merchants. Another thing the PIN number can be used for is to take cash out at the ATM machine. As long as the funds are in the account, the cash can be pulled out.
Loading money onto the card is simpler than ever. In addition to what goes in through traditional PayPal methods, there are other ways. Direct deposit can be set up at no additional cost. Paychecks and government benefits will go in, which means no trip to the bank is necessary to access funds.
The NetSpend Reload Network has over 100,000 locations where money can be added to the PayPal account. A list of local retailers is listed on the PayPal website. When the card isn't in hand, reload packs can be purchased, allowing the cardholder to add the funds later online. Bank transfers can be completed online as well, transferring funds to or from another bank account into the PayPal account.
Online account tools are available with the account. The balance can be viewed and transactions that have been made will be listed. There are search tools allowing a cardholder to find specific transactions quickly. Statements can also be viewed and downloaded for added convenience. Customer service can also be contacted online and account transfers can be made.
The account is also FDIC insured. This allows cardholders to feel safer with an internet-based account. No matter what happens, the money that is deposited into the account is protected by the government, adding a lot of peace of mind.
The prepaid MasterCard makes it easy to buy whatever is needed. It's a prepaid account, which means there is no chance of going into debt. There are also no annual fees or interest rates to deal with, allowing cardholders to save more money throughout the year.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Rewards:||- Cash back rewards from your favorite stores and restaurants!|
|Other Benefits:||*See Terms and Conditions of the Card|
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Opening Minimum:||See Terms|
|Application Fee:||See Terms|
|Additional Fees||Foreign Transaction Fee: 2.5% of the U.S. Dollar amount of |
the Signature or PIN Purchase Transaction
ACH Debit Transaction Decline - $1.00
ATM Transaction Decline Fee - $1.00
Account Maintenance Fee - None
Additional Card Fee - None
Annual Fee (monthly) - $4.95
Balance Inquiry - FREE
Domestic ATM Cash Withdrawal - $1.95
Instant Bank Transfer ($100 or less) - $1.95
Intl. ATM Cash Withdrawal - $1.95
Lost, Stolen Card Replacement - $5.95
Mobile Phone Real-Time Alerts - FREE
Online Account Center - FREE
Over the Counter Cash Withdrawal - $2.50
Preauthorized Payment Decline - $1.00
Statement Mailing Fee (each) - $5.95
Stop Payment Fee - $10.00
Telephone Access Customer Service - FREE
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† The information provided for PayPal™ Prepaid MasterCard® Card is believed to be accurate at the time of evaluation (Oct 23, 2015). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.