![]() ![]() 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 Money is withdrawn from your account when making purchases or using an ATM.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 LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.The PayPal prepaid MasterCard is offered by Bankcorp Bank and Netspend through MasterCard, its payment network. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. VT residents: THIS IS A LOAN SOLICITATION ONLY. Missed payments may have an impact on your credit score. You must be 18 years old or older to use Pay Monthly. Pay Monthly is currently not available to residents of AK, HI, MA, NV, NY or TX. Offer availability depends on the merchant and may not be available for subscriptions or recurring payments. ![]() Payments may change based on shipping, taxes, updates to your purchase, or missed payments. For example, a $600 purchase can be paid at 22% APR in 6 monthly payments ($106.51/mo. Rates as low as 4.99% may be available from time to time. Fixed APR is 9.99-35.99% based on your credit. Pay Monthly is subject to consumer credit approval. ![]()
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