PayPal Prepaid Mastercard review |

PayPal Prepaid MasterCard review December 2018

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  • Get this card if… you want quick access to your paycheck or want to reload your card through NetSpend Reload locations.
  • Pick something else if…you don’t want to pay a monthly fee.
Product NamePayPal Prepaid MasterCard®
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.5% of transaction value
Minimum Age18 years of age is not affiliated with PayPal credit cards.

The basics

If you use PayPal, you can swipe this prepaid card to eat, drink or shop anywhere Mastercard is accepted. It costs $4.95 to buy the PayPal Prepaid Mastercard, but you can avoid this fee by buying the card online.

The PayPal Prepaid Mastercard can be most useful if:

  • You’re looking to access your paycheck or government benefits faster.
    Direct deposits through a bank can take up to two days. Speed up direct deposits directly to your PayPal Prepaid Mastercard.
  • You want easy reloading.
    Load funds online from your PayPal account or at more than 130,000 NetSpend Reload Network locations in the United States.

To use the card, you’ll pay a Plan Fee of $4.95 a month.

If you’re looking for a fee-free card, consider the PayPal Business Debit Mastercard that draws from your PayPal balance. You can apply for it if you have a PayPal Business account or received at least $500 in your personal PayPal account in the last 12 months.

Another way to avoid the $5 fee

To access your paycheck faster, consider the free Earnin app (formerly called Activehours). Earnin lets you upload your timesheet and receive up to $100 in your bank account quickly — with few catches.


Card purchase fee $4.95 in stores; $0 if purchased online
Plan fee $4.95 a month
Signature purchase transaction fee Included in plan
PIN purchase transaction fee Included in plan
Over-the-counter cash withdrawal fee (financial institution) $2.50
Over-the-counter cash withdrawal fee (NetSpend Reload Network) Varies by location
ATM cash withdrawal fee (domestic and international) $1.95
ATM transaction decline fee (domestic and international) $1

View a full list of fees in the PayPal Prepaid Mastercard’s terms and conditions.

The perks

  • Faster access to deposits.
    When you deposit your paycheck or government benefits directly to your card, you can access the funds up to two days faster than direct deposit to a bank account.
  • No purchase fee if you order the card online.
    You’ll pay $4.95 to buy this card in person or over the phone.

You’ll also like …

  • PayPal Prepaid mobile app.
    Check your account balance, find reload locations and more from your smartphone.
  • Open a savings account.
    Open a savings account through the Bancorp Bank, and earn up to 5% APY on balances of up to $1,000.
  • Refer a friend.
    If you refer a new user who funds their card with at least $10, you and that person each receive $5.
  • Cash back.
    Earn cash back rewards at some merchants for using your PayPal Prepaid Mastercard.

What to watch out for

  • Not a credit card.
    This Mastercard is a prepaid card. You’ll need to load money to the card before using it.
  • Monthly fee.
    To use the card, you’ll pay a Plan Fee of $4.95 a month.

Compare with other prepaid cards

Name Product Signature transaction fee PIN transaction fee Monthly fee Monthly fee with direct deposit
Customize your Visa prepaid card to fit you, and pick from two plans to fit your budget.
Trusted by more than 7 million people.
The Sequin KLS Prepaid Visa RushCard can add some glitz and fun to your wallet. Aiming to help improve your financial future.
The AccountNow Gold Visa Prepaid Card is a debit card that allows cardholders the convenience of direct deposit without having to open a checking account.
The AccountNow Prepaid Visa Card gives you quick access to your money, and is a convenient alternative to traditional bank accounts.
The 24k Prepaid Visa RushCard offers online and in-store purchasing without a credit check.
With Netspend, you get a convenient way to manage your money on a prepaid card that is packed with features.

Compare up to 4 providers

What should I know before I apply?

If you live in Vermont, you’re ineligible for the PayPal Prepaid Mastercard.

Always consider your options and your financial situation before you apply for a prepaid card.

Information you’ll need

  • Full name and contact information
  • Home address

How to apply for the PayPal Prepaid Mastercard

1. Visit the PayPal Prepaid Mastercard website and click Get Your Card.

PayPal Prepaid Mastercard application step 1

2. Complete the application with information like your name, address and contact information. Then click Get Your Card to submit your application.

PayPal Prepaid Mastercard application step 2

How long will it take to be approved?

You’ll typically receive a decision on your application right away. If approved, you’re mailed the card within 10 business days.

I got the card. Now what?

  • Avoid fees. Check this card’s fee table to understand fees you might encounter using it.
  • Customer service. If you have questions, contact customer support at 866-753-6440.

Bottom line

The PayPal Prepaid Mastercard may be a good choice if you want direct deposit options or are looking to reload your card at NetSpend locations. If you’re not crazy about shelling out the $4.95 monthly fee, you may be better off with a debit card.

However, there are other prepaid credit cards on the market that may be more suitable for you if this one didn’t ring any bells.

Frequently asked questions

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2 Responses

  1. Default Gravatar
    ChiquitaApril 8, 2018

    Can you get cash advance from this card?

    • finder Customer Care
      RonApril 8, 2018Staff

      Hello Chiquita,

      Good day! Appreciate you contacting finder regarding your inquiry today.

      Please note that cash advance is not available for this card. This Mastercard is a prepaid card. You’ll need to load money to the card before using it.

      Hope this helps!

      All the best,

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