PayPal™ Prepaid MasterCard® Review

PayPal™ Prepaid MasterCard®The PayPal™ Prepaid MasterCard® makes it easy for people who don’t have a traditional bank account to shop and pay bills online. People who have the prepaid card aren’t required to have a PayPal account, but they can link the card to their PayPal if they have one. There is no credit check required to obtain the card and PayPal will send you a no-obligation offer after you apply online so that you can get the prepaid MasterCard for free.

Card Details:

PayPal™ Prepaid MasterCard®

  • Free direct deposit – get your paycheck and government benefits up to 2 days faster.
  • Instantly transfer money from your PayPal Account to your PayPal Prepaid MasterCard!
  • Get account alerts on your mobile device or download our App to check your balance and see recent transactions
  • Open an optional savings account currently offering a 5.00% APY for balances up to $5,000 (new)
  • Earn Cash back rewards from specially selected stores, restaurants and more
  • No credit check, overdraft fees or interest charges.
  • Safer than carrying cash – use it to pay for everyday purchases.

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Loading the Card

Users can load their PayPal™ Prepaid MasterCard® at any NetSpend reload location in the United States. They can also set up direct deposit so their paycheck is automatically loaded onto their card instead of having to cash their check at the bank and carry large amounts of cash. Up to $2,500 may be added to the card during a any single 24-hour period. Social Security, SSDI, tax refunds and other funds from the government may also be deposited onto the PayPal PrePaid MasterCard.


One of the biggest benefits of the PayPal™ Prepaid MasterCard® is that no interest is charged no matter how much money is loaded onto the card or how many purchases are made. There are also no overdraft fees. The only fees that PayPal charges cardholders are a monthly fee of $4.95 and a $1.95 fee for withdrawing money using an Automatic Teller Machine. Users who get cash back when making purchases using their pin number are not charged ATM fees by PayPal. There are also no late fees associated with this card.

Cash Back Rewards

Another major benefit of using the PayPal™ Prepaid MasterCard® is the ability to earn cash back just for using the card to make purchases online from select retailers. Users must link the card to their PayPal account to participate in the cash back program. PayPal automatically emails cardholders when an cash back opportunity that matches their shopping history is available. Your rewards will be credited to your account within the month following the month you took advantage of the special offer.

Prepaid credit cards aren’t for everyone, but the advantages of using the PayPal™ Prepaid MasterCard® far exceed the drawbacks. This card is perfect for anyone who wants to be able to shop online and have their money direct-deposited onto a card with low monthly fees.