The PayPal Debit Card gives you the opportunity to instant access to the money you receive in your PayPal account, removing the step of having to transfer money from your Pay Pal account to your bank account.
PayPal Debit Card is the fastest way to get your money out of your PayPal account. It allow you to get your electronic funds from an ATM or at a participating retailer.
* You can use it worldwide at ATMs, online or anywhere MasterCard is accepted.
* You can earn 1% cash back whenever you sign for a purchase.
* Enjoy 100% protection against unauthorized charges to your card.
Necessary PayPal balance to use PayPal Debit Card: Paypal debit card gives you an opportunity to select a backup funding source for your debit card to cover the purchase if the amount exceeds your available balance.
Fees to use PayPal Debit Card: You do not pay fee to use your PayPal Debit Card to make purchases from merchants that accept MasterCard. But there may be fees associated with Paypal cash withdrawal and foreign transactions.
PayPal cash back rewards for using PayPal Debit Card: If you are interested to get rewards with the PayPal Debit Card, then you have to sign up for PayPal Preferred Rewards. Once you are a Preferred Rewards member, then you will get cash back for every debit card purchase that does not require a PIN.
Other benefits of using PayPal Debit Card:Your PayPal Debit Card purchases may be qualified under MasterCard’s MasterCard Premier Business Card program because of a variety of protections including rental car insurance, travel assistance and for lost or damaged items protection.
PayPal Debit Card default spending limits:
Daily spending limit is $3,000.00 USD.
Daily ATM Limit: $400.00 USD.
If you apply for PayPal Debit Card, then it usually takes 2–4 weeks to receive your PayPal Debit Card in the mail.