This PayPal Prepaid MasterCard Review will go into all the advantages and disadvantages of this card. If you have a Paypal card already and would like to activate or register it you can visit www.paypal.com/activatecard
Apply Now by clicking on the “Apply Here” button below to be taken directly to the online application to get approved.
First off, you will need to setup a Paypal account to instantly transfer money from your PayPal Account to your PayPal Prepaid MasterCard.
There are many people who sell or do business on Ebay and have PayPal accounts and it really makes sense for them to get the PayPal Prepaid MasterCard. It give them instant access to their money and being a MasterCard can be used anywhere for purchases.
There are also many internet marketers and online business owners that will also have PayPal accounts where they can take advantage of this card.
People who get a standard Paycheck can use the free direct deposit and get your paychecks and even your tax refund quickly.
If you have a mobile device such as an iPhone or Android you can download the App to check your balance and see recent transactions as well as getting alerts.
Another advantage of using the PayPal Prepaid MasterCard is that you can earn Cash back rewards from specially selected stores, restaurants and other establishments.
When you apply for the card there are no credit check, overdraft fees or interest charges. For security purposes it is much safer also than carrying cash around.
Another nice feature is that there is an optional savings account currently offering a 5.00% APY for balances up to five thousand dollars. This is much more than you would get from a typical savings account.
In this PayPal Prepaid MasterCard Review I just want to emphasis that this card is very much like a debit card. Normally on a Prepaid you will go down and load cash on it.
With this card it is just linked to your PayPal account and deducts it from there. Very much like how a bank account works with a debit card.
Steps To Activate Your PayPal Prepaid
1. Apply For the PayPal prepaid card
2. Get approved
3. Logon and get it activated at www.paypal.com/activatecard
4. wait 10 days for the real card to arrive
There is no charge when you apply online.
Add money to your card by stopping in at any of more than 130,000 NetSpend Reload Network locations nationwide.
The only real disadvantage I have seen mentioned with this card is that people think the customer service is handled through Paypal. It is actually handled through the company NetSpend who issues the Paypal Prepaid card. So if you have an issue you contact them, not PayPal directly.
We hope this review and been informative and useful.