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  PayPal Prepaid Mastercard

Best Of Product

PayPal Prepaid Mastercard
in Prepaid Debit Cards from NetSpend
Claimed

PayPal Prepaid Mastercard

Claimed
in Prepaid Debit Cards from NetSpend
SuperMoney Net Recommendation Score +50  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+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

72 users recommend
11 users are unsure
20 users don't recommend
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Highlights
Community Rating Strongly recommended
Card Reload Fee $0 - $3.95
Monthly Maintenance Fee $4.95
(Verified 08/04/2023)
Signature Purchase Transaction Fee $0
PIN Purchase Transaction Fee $0
Number of Reviews 103

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 Pros & Cons

The Good The Bad
  • PayPal Prepaid Mastercard does not require a credit check.
  • Free in-network ATM withdrawal
  • 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 up to $4.95.
  • You may have to pay a fee of up to $3.95 every time you load the card
  • Unavoidable monthly fee.

PayPal Prepaid Mastercard FAQ

Who issues PayPal Prepaid Mastercard?

PayPal Prepaid Mastercard is issued by NetSpend, which is based in Austin, TX 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
ATM Balance Inquiry $0.50
Activation Fee $0 - $4.95
Card Replacement Fee $5.95
Close Account Fee $0
Free In-Network ATM Withdrawal?
No Monthly Service Fee with Direct Deposit?
No PIN Purchase Transaction Fee?
No Signature Purchase Transaction Fee?
Card Reload Fee $0 - $3.95
Signature Purchase Transaction Fee $0
PIN Purchase Transaction Fee $0

How Much Does PayPal Prepaid Mastercard Cost?

There is no activation fee.

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.

There is a reload fee of up to $3.95 fee every time you reload the card.

Does PayPal Prepaid Mastercard charge an activation fee?

PayPal Prepaid Mastercard does not charge an activation fee.

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 $7,500.

What is the Card Replacement Fee for PayPal Prepaid Mastercard?

You will need to pay $5.95, 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 NetSpend 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From PayPal Prepaid Mastercard

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.

Message From Our Editor

What We Love About PayPal Prepaid Debit Mastercard

The PayPal Debit Mastercard is available to PayPal account holders and offers an alternative to opening a traditional bank account. It can be used to make purchases at physical locations with your PayPal balance or withdraw money from an ATM. This debit card comes with an offer to earn up to 5% APY on your money if you open an online savings account with Bancorp. The card also offers a Refer-a-Friend program that allows customers to earn commissions and cash-back on purchases.

What Could PayPal Do Better?

There are several fees associated with the PayPal Prepaid Debit Mastercard, including a monthly maintenance fee and a declined transfer fee. There are also limits on the number and amount of purchases and withdrawals you can make in a day. This prepaid debit card doesn’t allow you to make cross-account transfers, and the mobile app for the card doesn’t include a mobile deposit option.

PayPal Prepaid Debit Mastercard Backstory

PayPal is an extraordinarily successful company that offers a global online payments system that has recently added extra features to keep customers happy. One of these recent additions is the PayPal Prepaid Debit Mastercard. This card can be used anywhere Mastercard is accepted and acts as a typical debit card, but the money comes out of a PayPal account instead of a traditional bank.

The Verdict

The PayPal Debit Mastercard might be a good choice for those who are PayPal account holders. It can be used instead of a regular bank account to make purchases online and at physical retailers. The debit card requires no credit check and has online account management features that are easy to use.

However, it’s a good idea to look at all your options before choosing a prepaid debit card. This one has several fees that other cards may not. Those who don’t use PayPal also will likely want to choose an alternative option.

Contact

About PayPal Prepaid Mastercard

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View all prepaid debit cards offered by NetSpend
View NetSpend Profile

Other Prepaid Debit Cards by NetSpend

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Feature Breakdown

Free Customer Service
Daily ATM Withdrawal Limit $940
ATM Fee: In-Network $2.50
ATM Fee: Out-of-Network Starting at $3
Additional Card Fee Amount $0
Foreign Currency Transaction Fee 4%
Monthly Maintenance Fee $4.95
(Verified 08/04/2023)
Credit Score Range 300 - 850
Rewards Type No Rewards
Activation Fee $0 - $4.95
Free In-Network ATM Withdrawal
No Monthly Service Fee with Direct Deposit
No PIN Purchase Transaction Fee
No Signature Purchase Transaction Fee
Card Reload Fee $0 - $3.95
Signature Purchase Transaction Fee $0
PIN Purchase Transaction Fee $0

PayPal Prepaid Mastercard Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+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.

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