How to Make Money With the PayPal Debit Card
Create an account., Choose between the accounts., Create a username., Enter your personal information., Link your debit or your bank account., Apply for your card through your business account., Apply for your card through your personal account...
Step-by-Step Guide
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Step 1: Create an account.
The first step to gaining a debit card through PayPal is to create an account if you don't already have one.
This can be done easily by accessing their website.
Once you are on their home page, you should see a "Sign Up" button in the top right of your page.
Click on it. -
Step 2: Choose between the accounts.
Once you have clicked to sign up, you will need to choose between the "personal account" and the "business account." In order to obtain a PayPal debit card you will need to create a business account.If you already have an account you can upgrade to a business account, or open a separate PayPal account.
You will need to be operating under a business to do this, however.
You can also upgrade your account to a premiere account, which you can do through a personal account., At this point, you've chosen the type of account you want to use, and now you'll need to enter you email and a minimum eight character password.
You will use this information anytime you log onto your PayPal account, so choose a secure password that you won't forget! , After you've created a username, you will then be brought to a page that allows you to enter your personal information.
Once you have filled everything out, be sure to read the User Agreement, Privacy Policy, and the Electronic Communications Delivery Policy.
Then, click agree and create your account! , Once you have created your account, you can link your banking information so that PayPal has access to your funds when you need to send or pay money to someone.Linking your bank account in this step is important, because the Debit MasterCard though PayPal uses funds in your PayPal account, and if that balance is zero, it will need another outlet to retrieve funds from. , In the top of your account home page you should see a tab that says "Product & Services." Click on this tab and apply for a debit card via the "PayPal Debit Card" link.
Once you have filled out the application and been approved, your card will be shipped to your address in the mail. , In order to get a Debit MasterCard through PayPal, you'll need to upgrade your personal account to premiere.
You won't have access to the "Product & Services" tab in your personal account, so the easiest thing to do is a quick internet search for "PayPal Debit MasterCard." You should be able to click on one of the first links and it will lead you to a PayPal page with information about the card and a link that says "Get a Card Today." You can click on that link and it will lead you to a page asking if your information is correct and then stating that you will need to agree to upgrade to a Premiere account.
Once you have done this, you should be able to get a card., After your card comes in the mail, log onto your PayPal account.
Click the Business Profile icon next to "Log Out" and select "Profile & Settings." Click "My money" and then "Update" next to "PayPal Business Debit MasterCard." Finally, select the card to activate, enter in the information required, and click "Activate Debit Card."
One of the first steps you will need to take once you have received your card is putting money in your PayPal account.
You can do this by clicking the "Add Money" option under your PayPal balance on your main account page.
Once you have clicked this tab you will need to confirm your identity, and then PayPal will lead you to a page in which you can use your bank account information and enter in the amount of money you would like to be placed in your PayPal account.
There will be no fees associated with this., This step is in place of or can be used alongside the previous step.
Instant Transfer allows you to use a backup method to send money via PayPal.
To set up Instant Transfer, you will need to link a bank account or a credit card to your PayPal account and change your backup method in your summary to the account you would like to use.The purpose of this is because your bank may decline a transfer you wish to make to your PayPal account.
With Instant Transfer, PayPal will still be able to make the money transaction but will be doing so directly from your bank or through a debit or credit card you have attached. , Enrolling your card in Cash Back is what will actually allow you to earn cash back when using your debit card.
Log into your PayPal account and on your home page go to "Profile and Settings." Click "My money" and then "Update" beside your "PayPal Business Debit MasterCard." Then click "Enroll."
Once you have activated and enrolled your card, you can now use it virtually anywhere Debit MasterCard is accepted to make purchases.
The more purchases you make the more cash back you will receive.
If you go 12 consecutive months without using your debit card, you will be automatically removed from the Cash Back Program., With the Debit MasterCard you can earn 1% cash back on most purchases made online, over the phone, or that require a signature.
You must use your card as credit to earn cash back, so if given the option between credit and debit, always choose credit.
You cannot earn cash back from purchases made with your pin.Merchants may process your transaction through debit, but not require a pin.
This still does not qualify as cash back, so always make sure you are running your card as a credit card.Cash back will be rewarded at the end of every month on your net amount of eligible purchases that month.
You will not earn cash back on any refunds or returns you make. , When using your debit card, there are occasional fees, but keep in mind that most banks apply these fees to their cards as well.US ATM withdrawal: $1.50 per ATM withdrawal along with amount charged by ATM owner Signature withdrawal: $3 anytime a signature is required to withdraw cash Non-US ATM withdrawal: $1.50 per non-US ATM, even without currency conversion Foreign Transaction Fee: %1 per purchase from a non-US market, even without currency conversion -
Step 3: Create a username.
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Step 4: Enter your personal information.
-
Step 5: Link your debit or your bank account.
-
Step 6: Apply for your card through your business account.
-
Step 7: Apply for your card through your personal account.
-
Step 8: Activate your card.
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Step 9: Fund your account.
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Step 10: Set up Instant Transfer.
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Step 11: Enroll your card.
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Step 12: Begin making purchases.
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Step 13: Earn cash back.
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Step 14: Be aware of fees.
Detailed Guide
The first step to gaining a debit card through PayPal is to create an account if you don't already have one.
This can be done easily by accessing their website.
Once you are on their home page, you should see a "Sign Up" button in the top right of your page.
Click on it.
Once you have clicked to sign up, you will need to choose between the "personal account" and the "business account." In order to obtain a PayPal debit card you will need to create a business account.If you already have an account you can upgrade to a business account, or open a separate PayPal account.
You will need to be operating under a business to do this, however.
You can also upgrade your account to a premiere account, which you can do through a personal account., At this point, you've chosen the type of account you want to use, and now you'll need to enter you email and a minimum eight character password.
You will use this information anytime you log onto your PayPal account, so choose a secure password that you won't forget! , After you've created a username, you will then be brought to a page that allows you to enter your personal information.
Once you have filled everything out, be sure to read the User Agreement, Privacy Policy, and the Electronic Communications Delivery Policy.
Then, click agree and create your account! , Once you have created your account, you can link your banking information so that PayPal has access to your funds when you need to send or pay money to someone.Linking your bank account in this step is important, because the Debit MasterCard though PayPal uses funds in your PayPal account, and if that balance is zero, it will need another outlet to retrieve funds from. , In the top of your account home page you should see a tab that says "Product & Services." Click on this tab and apply for a debit card via the "PayPal Debit Card" link.
Once you have filled out the application and been approved, your card will be shipped to your address in the mail. , In order to get a Debit MasterCard through PayPal, you'll need to upgrade your personal account to premiere.
You won't have access to the "Product & Services" tab in your personal account, so the easiest thing to do is a quick internet search for "PayPal Debit MasterCard." You should be able to click on one of the first links and it will lead you to a PayPal page with information about the card and a link that says "Get a Card Today." You can click on that link and it will lead you to a page asking if your information is correct and then stating that you will need to agree to upgrade to a Premiere account.
Once you have done this, you should be able to get a card., After your card comes in the mail, log onto your PayPal account.
Click the Business Profile icon next to "Log Out" and select "Profile & Settings." Click "My money" and then "Update" next to "PayPal Business Debit MasterCard." Finally, select the card to activate, enter in the information required, and click "Activate Debit Card."
One of the first steps you will need to take once you have received your card is putting money in your PayPal account.
You can do this by clicking the "Add Money" option under your PayPal balance on your main account page.
Once you have clicked this tab you will need to confirm your identity, and then PayPal will lead you to a page in which you can use your bank account information and enter in the amount of money you would like to be placed in your PayPal account.
There will be no fees associated with this., This step is in place of or can be used alongside the previous step.
Instant Transfer allows you to use a backup method to send money via PayPal.
To set up Instant Transfer, you will need to link a bank account or a credit card to your PayPal account and change your backup method in your summary to the account you would like to use.The purpose of this is because your bank may decline a transfer you wish to make to your PayPal account.
With Instant Transfer, PayPal will still be able to make the money transaction but will be doing so directly from your bank or through a debit or credit card you have attached. , Enrolling your card in Cash Back is what will actually allow you to earn cash back when using your debit card.
Log into your PayPal account and on your home page go to "Profile and Settings." Click "My money" and then "Update" beside your "PayPal Business Debit MasterCard." Then click "Enroll."
Once you have activated and enrolled your card, you can now use it virtually anywhere Debit MasterCard is accepted to make purchases.
The more purchases you make the more cash back you will receive.
If you go 12 consecutive months without using your debit card, you will be automatically removed from the Cash Back Program., With the Debit MasterCard you can earn 1% cash back on most purchases made online, over the phone, or that require a signature.
You must use your card as credit to earn cash back, so if given the option between credit and debit, always choose credit.
You cannot earn cash back from purchases made with your pin.Merchants may process your transaction through debit, but not require a pin.
This still does not qualify as cash back, so always make sure you are running your card as a credit card.Cash back will be rewarded at the end of every month on your net amount of eligible purchases that month.
You will not earn cash back on any refunds or returns you make. , When using your debit card, there are occasional fees, but keep in mind that most banks apply these fees to their cards as well.US ATM withdrawal: $1.50 per ATM withdrawal along with amount charged by ATM owner Signature withdrawal: $3 anytime a signature is required to withdraw cash Non-US ATM withdrawal: $1.50 per non-US ATM, even without currency conversion Foreign Transaction Fee: %1 per purchase from a non-US market, even without currency conversion
About the Author
Charlotte Lee
Creates helpful guides on home improvement to inspire and educate readers.
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