Last Updated: 04/18/2025
SuperMoney User Recommendation Score +50
Strongly recommended106 total votes
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Highlights
Community Rating
Strongly recommended
Monthly Service Fee
$4.95(Verified 06/21/2024)
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Card Reload Fee
$0 - $3.95
Number of Reviews
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. PayPal Prepaid Mastercard only allows you to spend money already in your account. So you can avoid interest payments, bounced checks, or overdraft fees.
PayPal Prepaid Mastercard Pros & Cons
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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.
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| Free In-Network ATM Withdrawal? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Signature Purchase Transaction Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No PIN Purchase Transaction Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Monthly Service Fee with Direct Deposit? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Activation Fee | $0 - $4.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Reload Fee | $0 - $3.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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?
It looks like PayPal Prepaid Mastercard does not have a set daily direct deposit limit.
What is the Card Replacement Fee for PayPal Prepaid Mastercard?
It looks like PayPal Prepaid Mastercard does not charge a card replacement fee.
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.
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Message from PayPal Prepaid Mastercard
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.