PayPal Prepaid Mastercard review: fees, limits and how it works
The PayPal Prepaid Mastercard has been discontinued. What happened, what existing cardholders should do, and the closest alternatives.
Quick answer: The PayPal Prepaid Mastercard is discontinued; PayPal closed the program on April 30, 2026. It costs nothing now. Holders could move to a Netspend Prepaid Mastercard or get a refund check, mailed automatically for balances of $1 or more. For a card tied to your PayPal account, look at the PayPal Debit Mastercard.
Best for: Not available. See the PayPal Debit Mastercard.
Who it suits
Good fit if
- Former holders checking on a refund check
- People looking for PayPal's current debit card instead
Skip it if
- You want to open a new PayPal Prepaid card, which is no longer offered
- You need to spend an old card balance, since accounts are closed
Fees
| Monthly fee | Not applicable. Program discontinued April 30, 2026. |
How to get and load it
No longer offered. All accounts closed April 30, 2026. The current product is the PayPal Debit Mastercard.
Activation
Not applicable
Deposit protection and credit building
Protection: Not applicable (closed)
Credit building: No
PayPal Prepaid Mastercard FAQs
Does the PayPal Prepaid Mastercard have a monthly fee?
Monthly fee: Not applicable. Program discontinued April 30, 2026.. Other charges to check: ATM, reload and foreign-transaction fees.
How do I activate the PayPal Prepaid Mastercard?
Not applicable
Is money on the PayPal Prepaid Mastercard insured?
Not applicable (closed)
Does the PayPal Prepaid Mastercard build credit?
No
How do I add money to the PayPal Prepaid Mastercard?
Most prepaid cards accept direct deposit, bank transfers and cash reloads at participating retailers.
Official PayPal / Netspend site
Sources: www.paypal.com · www.paypal-prepaid.com. Fees change; confirm on the official fee schedule.