Do you have a PayPal account and do not have the standard issued debit card Paypal offers? The PayPal Prepaid Mastercard may be the alternative you’ve been looking to transfer your money out of your account instantly.
Many people can’t get the standard issued debit card PayPal offers. For Instance if you are new to Paypal then you can not request a debit card until you’ve been a verified member for 90 days. Paypal also can deny you simply based on your credit score which makes getting your money instantly possible.
PayPal Prepaid MasterCard Review
Luckily PayPal has a PayPal Prepaid Mastercard issued by netSpend that anyone can get but most importantly allows you to access funds from your account instantly. You can transfer up to $2000 every 30 days from your account to this debit card and up to $300 per day maximum on a rolling calendar schedule.
This service isn’t free. It does cost $5 per month and comes with standard fees associated with debit cards. However your first month fee is waived by loading $10 on your card the first time you load your card.
This is a great alternative for those who can’t get the standard debit card and the fees are a small price to pay for the convenience. Regardless everyone should have this card. It does have its pros. For instance this debit card isn’t owned by PayPal. It is issued by netSpend and a deal was brokered to brand the card with the paypal. When you transfer money from paypal to this card you are actually transfer money out of paypal. So if for any reason your paypal account was shut down your funds on your card are outside of paypal and will not be frozen. The card also has a saving account feature.