A simple process: Apply for the PayPal Prepaid Mastercard®
Ready to apply for your own PayPal Prepaid Mastercard®? Learn about all the steps required in detail - simplify your finances quickly!
Learn how to make your application directly from your phone
Do you want to apply for the PayPal Prepaid Mastercard®? Then you’re in the right place.
This guide will help you navigate the application process easily and without unnecessary hassle. So read on!
The PayPal Prepaid Mastercard® streamlines payments and purchases. Furthermore, to apply, follow the upcoming steps.
You will be redirected to another website
1. Getting Started
To start, visit the PayPal website and click the “Prepaid” tab. The first step in your application process is to enter your basic information:
- First name;
- Last name;
- Address and ZIP code;
- Email address.
2. Choose a Card
After submitting your information, you can choose a design: blue, pink, or white card. Pick the one that matches your personality or style.
3. Review Fees and Read Cardholder Agreement
The cardholder agreement outlines the terms and conditions of using the card, including how to reload your card and recover lost or stolen cards. So, it’s important to read it.
4. Make Your Direct Deposit
If approved for the PayPal Prepaid Mastercard®, the card takes around 7-10 days to arrive in your house.
Then it’s necessary to activate it with a direct deposit – paycheck or tax refund- according to your preference.
You can use the app or phone to add money to activate your card. Afterward, you can use your card at any store or ATM that accepts Mastercard.
Apply using the app
Indeed, you can download the PayPal app and order your card right from it. The steps are similar to applying on the website.
PayPal Prepaid Mastercard® vs. Walmart MoneyCard
Bancorp Bank issues the PayPal Prepaid Mastercard®, while Green Dot Bank issues the Walmart MoneyCard.
PayPal Prepaid Mastercard® offers the convenience of instant money transfers from your account and shopping online or in person with millions of merchants.
Walmart MoneyCard, on the other hand, is exclusively available at Walmart stores and has cash back rewards and the option to add cash to the card at Walmart locations.
The fees and features of each card may differ, so it’s important to review their terms and conditions to choose the one that best fits your needs.
PayPal Prepaid Mastercard®
- Credit Score: Not required;
- Annual Fee: $4.95 monthly maintenance fee;
- Purchase APR: N/A;
- Cash Advance APR: N/A;
- Welcome Bonus: N/A;
- Rewards: N/A.
- Credit Score: available for all credit scores;
- Annual Fee: monthly fees of $5.94 (waive the Fee with a direct deposit – see terms);
- Regular APR: N/A;
- Welcome bonus: $20 bonus available (terms apply);
- Rewards: 3% cash back at walmart.com; 2% cash back at Walmart fuel stations; 1% cash back at Walmart stores (reward valid for up to $75 each year).
Do you want to learn how to apply for the Walmart MoneyCard? Then continue reading our post below!
About the author / Suzana Brito
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