PayPal Debit Mastercard review: fees, limits and how it works
Replacement for the discontinued PayPal Prepaid Mastercard, and for heavy PayPal users
Quick answer: The PayPal Debit Mastercard spends your PayPal Balance and is issued by The Bancorp Bank. There's no monthly fee and MoneyPass ATMs are free, so a typical user pays $0 a month. Other ATMs cost $2.50 and retail cash reloads up to $3.95. It suits heavy PayPal users and former PayPal Prepaid cardholders.
Best for: Replacement for the discontinued PayPal Prepaid Mastercard, and for heavy PayPal users
Pros
- No monthly fee
- Free MoneyPass ATMs
- 5% back as points on a selected category, on up to $1,000 a month
Cons
- International fee
- Cash reload fee
What the PayPal Debit Mastercard costs per month
| If you… | Monthly cost | How it adds up |
|---|---|---|
| Spends a PayPal balance, MoneyPass ATMs only | $0 | No monthly card fee, and PayPal charges nothing at MoneyPass ATMs in the US. |
| One store cash reload and one non-MoneyPass ATM withdrawal | Up to $6.45 plus ATM operator fee | Up to $3.95 retail cash reload fee plus the $2.50 non-MoneyPass ATM fee. |
| $200 in purchases abroad | $5 | 2.5% international transaction fee on $200 is $5. |
Who it suits
Good fit if
- People who get paid or sell through PayPal
- Former PayPal Prepaid Mastercard holders
- Free cash from MoneyPass ATMs
Skip it if
- You load cash often, at up to $3.95 per reload
- You spend abroad regularly, with a 2.5% fee
- You want to build credit
Fees
| Monthly fee | None |
| Other | $2.50 at non-MoneyPass ATMs |
| Other | 2.5% international transaction fee |
| Other | Up to $3.95 cash reload fee at retail |
How to get and load it
Requires a PayPal Balance account and ID verification. Apply online or in the app.
- PayPal balance
- Direct deposit
- Cash at 90,000+ retail locations
- Bank transfer
Activation
Activate in the PayPal app or online. See our step-by-step activation guide.
Deposit protection and credit building
Protection: Issued by The Bancorp Bank, N.A. See PayPal's terms for how FDIC pass-through coverage applies.
Credit building: No
PayPal Debit Mastercard FAQs
Does the PayPal Debit Mastercard have a monthly fee?
Monthly fee: None. Other charges to check: $2.50 at non-MoneyPass ATMs; 2.5% international transaction fee; Up to $3.95 cash reload fee at retail.
How do I activate the PayPal Debit Mastercard?
Activate in the PayPal app or online.
Is money on the PayPal Debit Mastercard insured?
Issued by The Bancorp Bank, N.A. See PayPal's terms for how FDIC pass-through coverage applies.
Does the PayPal Debit Mastercard build credit?
No
How do I add money to the PayPal Debit Mastercard?
You can load it by PayPal balance, direct deposit, cash at 90,000+ retail locations, bank transfer.
Official PayPal (issued by The Bancorp Bank, N.A.) site
Sources: www.paypal.com · www.paypal.com. Fees change; confirm on the official fee schedule.