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PayPal Prepaid Mastercard

in Prepaid Cards from PayPal Inc

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PayPal Prepaid Mastercard

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SuperMoney Net Recommendation Score +50% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

6 users recommend
0 users are unsure
2 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Max Monthly Service Fee $4.95
Card Reload Fee $0
Signature Purchase Transaction Fee $0
PIN Purchase Transaction Fee $0
Max Balance $2,500
Number of Reviews 8

PayPal Prepaid Mastercard Review

The PayPal Prepaid Mastercard is designed for consumers who want the convenience of paying with plastic but don’t want (or don’t qualify) for a regular credit card. Prepaid cards only allow you to spend money already in your account. So you can avoid interest payments, bounced checks, or overdraft fees.

PayPal Prepaid Mastercard does not require a credit check, so approval is guaranteed. However, it will not help you build credit and some online merchants don't accept prepaid cards.

Pros & Cons of PayPal Prepaid Mastercard
Pros Cons
  • Free in-network ATM withdrawal
  • There is no fee for loading your card
  • Receive cash back offers from specially selected merchants
  • Move money from your PayPal account in real time.
  • Option for an interest bearing savings account.
  • With Direct Deposit, you can get paid faster than a paper check.
  • Charges a monthly maintenance fee of $4.95.
  • Must have a PayPal account for access to online card services.
  • Unavoidable monthly fee.
  • No fee free ATM withdrawals.
  • Who issues PayPal Prepaid Mastercard?

    PayPal Prepaid Mastercard is issued by PayPal Inc, which is based in San Jose, CA and was founded in 1999.

    What fees does PayPal Prepaid Mastercard charge?

    PayPal Prepaid Mastercard charges a monthly fee of up to $4.95.

    PayPal Prepaid Mastercard Prepaid Card Fees
    Description
    Max Monthly Service Fee N/A
    Close Account Fee N/A
    Card Replacement Fee N/A
    ATM Balance Inquiry N/A
    Free In-Network ATM Withdrawal? No
    No Signature Purchase Transaction Fee? No
    No PIN Purchase Transaction Fee? No
    Signature Purchase Transaction Fee N/A
    PIN Purchase Transaction Fee N/A
    No Monthly Service Fee with Direct Deposit? No
    Activation Fee N/A
    Card Reload Fee N/A

    How Much Does PayPal Prepaid Mastercard Cost?

    PayPal Inc charges a $4.95 fee when you first activate the card.

    Notice this card charges a monthly maintenance fee of up to $4.95.

    However, you can avoid the monthly maintenance fee if you set up a direct deposit to your prepaid card.

    PayPal Prepaid Mastercard does not charge a fee for reloading your card.

    Does PayPal Prepaid Mastercard charge an activation fee?

    PayPal Prepaid Mastercard charges an activation fee of $4.95.

    What is the daily ATM withdrawal for PayPal Prepaid Mastercard?

    PayPal Prepaid Mastercard has a daily ATM withdrawal limit of $940.

    What is daily direct deposit limit for PayPal Prepaid Mastercard?

    PayPal Prepaid Mastercard sets a daily direct deposit limit of $10,000.

    What is the Card Replacement Fee for PayPal Prepaid Mastercard?

    You will need to pay $1.95, if you need a card replacement.

    What is the Maximum Balance for PayPal Prepaid Mastercard?

    The maximum balance you can have on PayPal Prepaid Mastercard is $2,500. If you are often close to the maximum balance, it may be time to put your money to work and deposit it in an account that yields interest, such as a savings account, a CD, or a money market account.

    How to apply for PayPal Prepaid Mastercard

    • Visit the PayPal Inc website.
    • Fill in the application form. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN.
    • Check the information is accurate and submit your application.
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    Message from PayPal Inc

    Move money from your PayPal account in real-time.

    Take advantage of PayPal cash back rewards and earn on qualifying purchases from select merchants. With Direct Deposit, you can get paid faster than a paper check.

    Other Services by PayPal Inc

    Icon for Prepaid Cards
    View all prepaid cards offered by PayPal Inc

    Feature Breakdown

    Free Customer Service  
    Daily ATM Withdrawal Limit $940
    Additional Card Fee Amount $0
    ATM Fee: In-Network $1.95
    ATM Fee: Out-of-Network $1.95
    Credit Score Range 300 - 850
    Activation Fee $4.95
    Free In-Network ATM Withdrawal  
    Max Monthly Service Fee $4.95
    No Monthly Service Fee with Direct Deposit  
    No PIN Purchase Transaction Fee  
    No Signature Purchase Transaction Fee  
    Card Reload Fee $0
    Signature Purchase Transaction Fee $0
    PIN Purchase Transaction Fee $0

    PayPal Prepaid Mastercard Community Reviews

     

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    Max Monthly Service Fee

    Card Reload Fee

    Signature Purchase Transaction Fee

    PIN Purchase Transaction Fee

    Max Balance