Secret Of PayPal Debit Card

The PayPal debit card is becoming popular with the growing number of days. It functions like the normal debit card, enabling you to reimburse purchases directly from the PayPal account balance. Hence, if you lack the adequate amount in your account, then the card will assist you in the process of refraining from spending money, you do not have.

A Brief Discussion on the PayPal Debit Card

To apply for a PayPal debit card, there are certain formalities that you need to follow. You need to be a PayPal user for at least sixty days and should have a premier or business account. Unlike the personal account, you will be charged the PayPal fee of $0.30 +2.9% of the transaction amount to accept funds from other users. In addition to all these, you must register a credit card with the account. Lastly, it must be verified that your new account is linked to your bank account.

The PayPal debit card shares the similar features to that of a regular debit cards. With an ATM card, you can withdraw funds from the PayPal account with the Cirrus Logo at a cost of $1.00 per withdrawal. For each PayPal account, you can request up to two debit cards. The best part is that, the PayPal debit card charges no annual fee and if you want to apply for an additional card, then also the fee is not required.

The PayPal debit cards can be used as a credit card, where the master card will be accepted. However, the card differs with the credit card at one point and that is, the funds are directly deducted from your PayPal account. Another great advantage of the PayPal debit cards is that, you can get cash back on the purchases you make. Remember, that the purchase will be processed from the debit card as credit card transaction.

However, you have to be eligible for benefiting the cash back offer. You need to be an active seller on eBay with at least one listing for every three weeks. Only then, you will be eligible to get the 1 percent cash back offer. You may argue that the other credit cards provide more cash back offer, whereas PayPal card offers very meager cash back. However, prior to underestimating PayPal, you should consider the fact, that unlike the other cards, PayPal debit card does not require a debit history, since it is a debit card in reality.

Summing up the benefits of the PayPal Debit Card

If you have an active PayPal account, then you can promptly apply for a PayPal debit card. This is truly helpful. It offers you twin advantages, since the PayPal debit card also functions as the Master credit card. You must be well aware of your account balance and hence you can use the card virtually in any store. Hence, the PayPal card enables you to save time and make your life much easier.

The good news is that, you can use the PayPal virtual debit card, when making online purchase anywhere Master card is accepted. Since, the PayPal virtual debit card produces a number each time you make the transaction; therefore, you do not require using the debit or credit card number.

Hence, to sum it up all, the PayPal debit card is very useful, since it furnishes twin services. It can be used as a debit card and as a credit card; anywhere Master card is accepted. It makes purchases easier, whenever you want to avoid “point of sale” fees.