dollar PayPal Balance funds are eligible for FDIC pass-through insurance up to applicable limits only if you have opened a PayPal Debit Card account, have enrolled in Direct Deposit, or have bought or received cryptocurrency. You will not receive any interest, credit, or other earnings on the funds in your PayPal Balance account. PayPal is not a bank and does not itself take deposits. is the issuer of the Card only and is not responsible for the associated accounts or other products, services, or offers from PayPal. The Card may be used everywhere Mastercard is accepted. The Bancorp Bank, N.A. This is a debit card linked to your PayPal Balance account and is not a credit card. The PayPal Debit Mastercard® is issued by The Bancorp Bank, N.A., pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles' design is a trademark of Mastercard International Incorporated. There's also no fee to purchase in-stores or online using your PayPal Debit Card, or when you withdraw at MoneyPass ATMs both the ATM surcharge and PayPal fees are waived. Learn more about the fees. There are no annual or monthly fees to own the PayPal Debit Card. Add cash to PayPal in tens of thousands of stores nationwide where cash reloading is supported.Withdraw money from PayPal at ATMs worldwide.Use your funds in PayPal to make purchases in stores or online anywhere Mastercard® is accepted.To shop in-store, add the 16-digit card number to your Google Wallet and tap to pay. Tap the Eye icon located on the PayPal Debit Card and click Copy.You can shop with your card details as soon as you sign up and create your Debit Card pin, even before you get the physical card in the mail. The PayPal Debit Card isn’t a credit card, so no credit check is required. Be an active PayPal member with no open issues in the Resolution Center.Have a PayPal Balance account (no fees to set up an account).What do you think? Feel free to share below in the comments.To apply for a PayPal Debit Card, click Get The Card on the PayPal Debit Card page, and follow the instructions to request your card. So this may not rub well with many of their customers. Sneakily sending them the service without it being first requested is a bit under the belt for many. Usually, in these situations, it is best to annually send out an email or letter to customers reminding them that they have access to the option of requesting a debit card or other form of service offered by an institution. It is just another curve ball thrown your way to surprise your senses. From the stores that we visit or the streets that we drive down, to the various communications we receive or browse each day (ie, text messages, emails, social media, physical mail, brochures or business cards shoved into the weatherstripping of our front doors, etc). Every day we are surrounded by things that are unsolicited and forced into our hands. It really just comes down to how this will rub customers (the right way, or the wrong way). So PayPal has been working behind this method for quite a few months already. In fact, we have seen comments from readers going back as far as the first half of last year (possibly later as far as we know). This isn’t the first time PayPal has sent out these letters. “A financial institution may issue an unsolicited access device (such as the combination of a debit card and PIN) if the institution’s ATM system has been programmed not to accept the access device until after the consumer requests and the institution validates the device.” - Consumer Finance Protection Bureau / US That’s because it is a debit card vs a credit card and related to business account holders. (letter sent out to business customers)Īlthough the card is unsolicited, the technique is completely ok with related laws. There is no option to “not receive the card if you don’t respond at all” to help cushion the confusion any. If they miss this letter in the mail or trash it, then they will soon receive a debit card in the mail (surprise!), as they never said they “didn’t” want the card. The customer then has to ask for the card not to be sent out if they don’t want it (an opt-out vs opt-in method). They are doing it by sending a letter in the mail that announces that a card will soon be mailed to them. The company is working with a backward technique to send customers these cards and then ask if they want them or not. It’s better to just do something and ask for forgiveness later, right? That seems to be the case in this marketing technique. You just didn’t know you needed one, that’s all. PayPal has simply decided that you (the customer) need one. No actions would have been taken by these customers that would have triggered this notice. Business customers of PayPal may have recently received a notice in the mail that they will be getting a surprise PayPal debit card from the company.
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