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PayPal Prepaid Mastercard review

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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.


Monthly maintenance fee


Signature transaction fee


PIN transaction fee


Card typeCredit
Card networkMastercard
Monthly fee$4.95
Signature transaction fee$0
PIN transaction fee$0
Additional Cardholder Fee$0

Expert review

Kevin Joey Chen

Review by

Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report,, Lifehacker and He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.

Expert review

The PayPal Prepaid Mastercard may be a good choice if you want direct deposit options. The card offers ways to bolster your rewards through PayPal and reload your card at NetSpend locations.

But if you’re not crazy about shelling out the $4.95 monthly fee, you may be better off with a debit card.

How much does PayPal Prepaid Mastercard cost?

To use the PayPal Prepaid Mastercard, you’ll want to watch out for the following fees:

Card purchase fee$0
Plan fee$4.95 a month
Signature purchase transaction feeIncluded in plan
PIN purchase transaction feeIncluded 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.

How do I open a PayPal Prepaid Mastercard account?

Apply for this card in minutes by following these steps:

  1. Click Apply now.
  2. From the PayPal Prepaid Mastercard website, click Order Your Card.
  3. Complete the application with information like your name, address and contact information. Then click Get My Card to submit your application.


If you live in Vermont, you’re ineligible for the PayPal Prepaid Mastercard. But all other US citizens and residents who are at least 18 years old are eligible.

Required documents

You’ll need this information when you apply for the PayPal Prepaid Mastercard:

  • Full name and contact information
  • Home address

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.

How does the PayPal Prepaid Mastercard work?

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 is best for:

  • Those looking to access paychecks 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.
  • Those who want easy reloading. Load funds online from your PayPal account or at more than 130,000 NetSpend Reload Network locations in the United States.

PayPal Prepaid Mastercard benefits

This prepaid card is free to open, has no inactivity fee and features unique perks, such as:

  • 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.
  • PayPal Prepaid mobile app. Check your account balance, find reload locations and more from your smartphone.
  • Open a savings account. As a PayPal Prepaid Mastercard holder, you get access to PayPal’s high yield savings account that earns 5% APY on balances of up to $1,000.
  • Rewards. Earn cash back rewards at some merchants for using your PayPal Prepaid Mastercard. Plus, receive $5 each time you refer a friend and they add at least $10 in funds to their account.

What to watch out for

The PayPal Prepaid Mastercard has a few potential drawbacks to watch out for:

  • Must have PayPal account. You’ll need to have an active PayPal account to use this card’s online features.
  • No ATM network. PayPal doesn’t have in-network ATMs, so you’ll pay $1.95 plus operator fees each time you need to withdraw cash.
  • Monthly fee. To use the card, you’ll pay a Plan Fee of $4.95 a month.
  • Not a credit card. This Mastercard is a prepaid card. You’ll need to load money to the card before using it.

If you want a prepaid card with zero to minimal fees, 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. Or, compare your options to find another prepaid card with minimal fees.

Compare with other prepaid cards

Name Product Annual or monthly fee ATM withdrawal Features
ACE Flare Account
$9.95 per month (or $5 with a $500+ direct deposit)
  • Earn interest on your Flare Account
  • Optional Debit Card Overdraft Service
  • Get paid up to 2 days faster with Direct Deposit
Withdraw up to $400 in cash per day without a fee at participating ACE locations when you have qualifying Direct Deposit activity.
Brinks Prepaid Mastercard
$9.95 per month (or $5 with a $500+ direct deposit, or $0 with pay-as-you-go)
  • Mobile app
  • Direct deposit
  • Payback rewards
No credit check. No minimum balance. No late fees because this is not a credit card.
PayPal Prepaid Mastercard
$4.95 per month
  • Manage money on the fly
  • Receive special offers and cash back rewards
  • Get your state and federal tax refund faster than a paper check
Use the no-cost direct deposit service and have access your funds up to two days faster than what traditional banks offer.
NetSpend® Visa® Prepaid Card
$9.95 per month (or $5 with a $500+ direct deposit, or $0 with pay-as-you-go)
  • No transaction fees
  • $5 per month with a $500+ direct deposit
  • Trusted by more than 7 million people
With Netspend, you get a convenient way to manage your money on a prepaid card that is packed with features.
Netspend Prepaid Mastercard, WWE partner
$9.95 per month (or $5 with a $500+ direct deposit, or $0 with pay-as-you-go)
  • No activation fee
  • Payback rewards
  • No minimum balance required
No credit check, mobile check load, and now a WWE partner

Compare up to 4 providers

I got the card. Now what?

Now that you have your PayPal Prepaid Mastercard, make the most of it by:

  • Activating your card. Call 866-753-6440 or visit to activate your card.
  • Avoiding fees. Check this card’s fee table to understand fees you might encounter using it.
  • Contacting customer service. If you have questions, contact customer support at 866-753-6440.

Frequently asked questions

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  1. Default Gravatar
    February 14, 2019

    What time do direct deposits post to your account. My tax return was sent to my acct yesterday and I still haven’t received it , but I was wondering if it will post by midnight or could it post at anytime during the day, basically is there a specific time on when the deposit will post?

    • Avatarfinder Customer Care
      February 19, 2019

      Hi Erin,

      Thank you for getting in touch with finder.

      Please note that direct deposits through a bank can take up to two working days. You may visit PayPal’s help page to learn more on receiving your tax refund with PayPal.

      I hope this helps.

      Thank you and have a wonderful day!


  2. Default Gravatar
    December 21, 2018

    I signed up for direct deposit, this will be my 1st deposit. Why haven’t I received it early? It’s 12 am and I have not yet received anything. How does it work?

    • Avatarfinder Customer Care
      December 21, 2018

      Hi Neisha,

      Thanks for reaching out to finder.

      If you have just set up direct deposit with Paypal, the first direct deposit usually takes 1-2 pay periods for the deposit to be effective but can also vary across employers. You may want to check with your employer for specific timing.

      I hope this helps.


  3. Default Gravatar
    April 8, 2018

    Can you get cash advance from this card?

    • Avatarfinder Customer Care
      April 8, 2018

      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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