Sunday, April 21, 2013
How to Use a PayPal Balance for a Prepaid Credit Card
1. Open the paypal.com website and log in to the website using your PayPal email address and password. Click on "Profile" from the "My Account" tab. The "My Account" tab is the default setting when you log on to your PayPal account. Under the subheading "Financial Information," click the link for "PayPal-branded debit/ATM cards." Click the link "Request a Card."
2. Enter the requested information. PayPal will ask you to confirm your address through a credit card or bank account that is linked to your PayPal account. If you have not already linked a credit card or bank account to your PayPal account, Paypal will ask you to enter your account information for either a credit card, checking account or savings account. PayPal will also ask you to enter the last four digits of your social security number and your date of birth.
3. Wait for your new PayPal Debit MasterCard to come in the mail. You should receive your new card in the mail in approximately 7-14 business days.
4. Activate your new PayPal Debit MasterCard. Log in to your PayPal account. Click the "Profile" link from the "My Account" tab. Click the link for "PayPal Debit Card" under the "Financial Information" subheading. Select the debit card and click "Activate Now." PayPal will ask you to enter the security code on the back of the PayPal Debit MasterCard and to select and confirm a four-digit ATM pin code.
5. Use your PayPal Debit MasterCard to make a purchase at any merchant that accepts MasterCard. The funds for the purchase are automatically debited from your PayPal balance.
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