How Does a Prepaid PayPal Card Work?

What Is a Prepaid PayPal Card?
PayPal, founded in 1998, has established itself as a leader in the online payment and transaction industry. PayPal offers online monetary transactions in a safe and secure environment. Its prepaid card is a debit card that allows quick access to your funds. PayPal offers an array of prepaid and debit card options in the U.S. The PayPal Card is the prepaid debit card option available to PayPal's Premier and Business accounts. These accounts are available to individuals and businesses who conduct business online. Initiating an account is free. Transaction fees apply to money that is received, and sending money is free for all accounts.
How to Obtain a PayPal Debit Card
PayPal's Debit Card option is available to PayPal Premier and Business customers. These account types allow for high transaction volumes, meet credit card payment needs and provide access to special features. Once you have established an authorized account type, you will be provided with the option of selecting a debit card. The process is also free and does not require a credit check. You will receive your PayPal Debit Card in the mail two to four weeks thereafter.
Benefits of the PayPal Debit Card
There are many benefits to carrying a PayPal Debit Card. Premier and Business account balances are FDIC insured for up to $100,000. The debit card allows you to safely and conveniently purchase items without the worries of carrying cash. The debit card carries a MasterCard logo and is accepted wherever MasterCard is accepted. The card provides you with instant access to your funds, available through purchase and at ATMs worldwide. Generous limits are applied to the debit card, which includes a $3,000 daily purchase limit, unlimited monthly purchase limits and a $400-per-day ATM limit. PayPal Debit Card benefits also include a cash-back program that allows you to earn a certain percentage based on the amount of total eligible monthly purchases. This program is also available with no cost and fees. Your account earns cash back when you purchase items with the card and select the credit option, signing for the purchase rather than using the debit option with pin number entry.