Paypal Prepaid Debit Cards

PayPal Prepaid Card

The Bancorp Bank, member of the FDIC and pursuant to licensing from Mastercard International Incorporated issues the Paypal Prepaid Debit Card. This card is distinct from the standard debit cards since it is not connected to your bank account, checking account, or credit union.

Even if you don’t have an impressive credit history or have bad credit, you can still apply for and get these cards. Given that you can only spend the money that you’ve loaded into the card, this factor prevents you from spending more than what you can comfortably afford. Accordingly, you won’t add up a debt like in the case of a credit card or incur overdraft charges like in debit card usage that draws funds from your bank account.

Positives of the Paypal Prepaid Debit Cards

  • Applying for and using the Paypal Prepaid Debit cards is easy and free of cost.
  • You can get the card by putting in an application online. And, the card will be mailed to you.
  • On receipt, you can activate the card online and load it at any of the convenient locations close to you.
  • Even if you do lose the card, your liability is restricted to the balance in the card because it is not connected to your bank account.
  • You can use your Paypal account to access your PayPal Prepaid MasterCard account and avail of the online facilities the company offers.
  • As long as you have a Paypal account linked to your bank account, the company allows you to transfer funds into the card.
  • Paypal offers you debit cards in three categories, the PayPal Prepaid MasterCard for individuals, the PayPal Debit Mastercard for specific kinds of businesses, and the PayPal Extras Credit Card that is similar to a credit card.

Downsides of the Paypal Prepaid Debit Cards

  • You’ll find that the monthly maintenance charges are more than what most other cards charge at $4.95.
  • Aside from conducting transactions at ATMs on the Allpoint network, you’ll pay a fee for using other machines.
  • If your Paypal account is frozen for some reason, you’ll also lose the online access to your prepaid card.
  • Before running your card through an ATM machine to check the balance in it, keep in mind that the facility will cost you 50 cents.
  • Applying for a card online will not cost you anything. But, if you buy the card at a retail store, you may have to pay the cost of up to $4.95.
  • You can apply for and receive the PayPal Prepaid MasterCard without the need for credit checks. However, the company may conduct identity and credit inquiries before approving the PayPal Debit Mastercard and PayPal Extras Credit Card.

Here’s How You can Use the Paypal Prepaid Debit Cards

Step 1: Open the homepage by clicking on this PayPal Debit Card button. You will open the Paypal page that you can use to log into your account. Click on the “Login to Prepaid Account” sign on the top right-hand corner of the page.

Step 2: The system will take you to a new page. This page allows you to login to your account by adding your Paypal ID. Haven’t applied for a Paypal Prepaid Debit card as yet? You can apply for one by clicking on the “Get a Card” button on this page.

Step 3: In case you’ve lost your password, you can use the homepage to find the retrieval button. Check the top right corner for a button that takes you to the appropriate page. Add your registered email ID and the system will help you set a new password.

Step 4: Having received your card, you can click on the Get Online Access on the homepage. The system will take you to a page that you can use for activating your new card. Or, for signing up for an online account.

Step 5: Once you’ve activated the Paypal Prepaid Debit Card, you can use various options for loading it with cash. Check out this page for the process that suits you best.

Step 6: Looking for information on the locations where you can load funds into your card? The homepage has a section that allows you to pick out the geographical site of the Retail Reload location or NetSpend Reload Network location closest to you.

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5 Best Prepaid Debit Cards of 2018

Best Prepaid Cards 2018

Prepaid debit cards are possibly one of the best cashless payment systems for 2018. You can buy a prepaid card even if you don’t have a robust credit score, or if you have bad credit. All you need to do is buy the card or apply for it online, load with cash, and begin using. Like credit cards, you won’t incur interest on unpaid amounts since you can only spend what you’ve loaded into the card. These cards are not connected to your bank account like conventional debit cards. And, this factor limits your liability to the amount remaining in the card in case you lose it.

Here are the best 5 prepaid debit cards for using in 2018.

American Express Serve Card

The American Express Serve Cash Back is a great card to opt for if you intend to use it for making major purchases in the year 2018. That’s because this is perhaps the only prepaid card that allows you to earn a 1% cash back of the total amount you spend. You can also avail of benefits such as a monthly fee that is as low as $1. You can also use the card to pay bills online without incurring any charges. And, make free cash withdrawals at more than 25,000 MoneyPass ATMs all over the country.

53 Access 360 Reloadable Card

Should you opt to buy the 53 Access 360 Reloadable Card, you’ll find that it does not carry any charges for opening an account or adding funds into the card. In addition, you can make withdrawals and transfer funds into your Prepaid debit card free of cost. The 53 Access 360 card is valid at any location where the debit Mastercard® is accepted. Also, you can use it to withdraw cash at more than 50,000 ATMs anywhere in the country free of cost.

Movo Virtual Prepaid Visa Card

Given the rising cases of data breaches, the Movo Virtual Prepaid Visa card offers you great protection in the year 2018. Each time you wish to make an online purchase, you can create a secondary card with a distinct card number. This new card is valid only for a one-time transaction. Accordingly, you can protect the primary account number from the possibility of data breaches or information leaking into the hands of hackers. The company is connected to a network of over 6,000 ATMs where you can make withdrawals without incurring a fee.

Mango Visa Prepaid Card

The Mango Visa Prepaid debit card allows you to earn an interest or APY of 6% on the balances in your card. Of course, you’ll need to meet conditions like a direct deposit of a minimum of $800. You must also have a balance of at least $1 in your account on the last day of the month. In addition, you can sign up for the card and activate it at no cost. Mango also allows you to transfer funds from your Mango account into the debit card free of any charges.

Akimbo Prepaid Mastercard

The Akimbo Prepaid Mastercard is brought to you by Sunrise Banks based in Minnesota. This prepaid debit card option is best for the year 2018. That’s because you can use one card for the entire family. The company provides you up to 5 secondary cards. And, you’ll incur a maximum of $4.95 on the first 5 purchases you make using the card PIN. Aside from these charges, you won’t incur a monthly fee or any charges for activating the cards. The only downside is that the company is not connected to any ATMs, so you’ll incur a fee each time you need to make a cash withdrawal.

These are 5 of the most convenient cards for the year 2018. Try them and make use of their many benefits.

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Kaiku Prepaid Debit Cards

Kaiku Prepaid Card

The Kaiku Visa Prepaid card is a product of Kaiku Finance, LLC, a finance company that was first established in Los Angeles, California in the year 2010. Using the Kaiku Prepaid card provides you various facilities such as online banking, mobile banking, transferring funds, paying bills, and depositing checks. You can also earn various cash back rewards by using the card for different transactions. The card carries no activation charges and only requires you to make a direct deposit each month.

Positives of the Kaiku Prepaid Cards

  • You can use the Kaiku Prepaid cards at close to 55,000 ATMs all over the country absolutely free of cost. However, if you use the card at an ATM not connected to the company, you’ll pay a fee of $3.
  • The company levies a maintenance charge of just $3 that you pay each month.
  • You can use the card to withdraw cash in countries like Australia, the UK, Mexico, Puerto Rico, and Canada.
  • In addition to mobile banking services, the card offers others benefits that are best suited for college students and high schoolers.
  • As for the fee for loading cash into your card, you can expect to pay between $2.95 and $4.95.
  • Should you choose to load the card via Direct Deposit, you won’t incur any charges.
  • You can load the card with amounts as low as $20.

Downsides of the Kaiku Prepaid Cards

  • One of the most common issues with the Kaiku Prepaid card is the possibility of accounts freezing and closing after cash deposits.
  • You may not get protection from fraudulent use of the card. If the card gets stolen, you may have to pay off the incurred charges.
  • The company talks about providing facilities for receiving IRS tax refunds. However, there have been instances when the account froze after a receipt, and consumers had to get the IRS to send them the funds directly. The reviews report that the matter remains unresolved 3 months down the line.
  • Mobile banking is one of the services that the company provides. However, users have talked about how the mobile app crashed or froze not allowing them access to their accounts.
  • You may have to deal with issues where the account closes down with your money in it. Getting the company to reopen the account or pay back the funds is a challenging task.
  • The Kaiku company has been recently taken over by Bancorp, but the transition has not been a seamless one. Users have complained about how the company will not back the card and is unresponsive to requests to add funds into their cards.
  • Consumers have reported issues with the replacement of cards that are soon to expire with new ones. They have talked about how the company dispatches new cards and cancels the old ones even before they have expired or the consumer has received the new card.

Logging In Procedures for the Kaiku Online Account

Step 1: The Kaiku website homepage carries a “Sign In” button on the top right-hand corner of the page. Use this button to log into your online account.

Step 2: You will be directed to the Log In page where you must enter your email address, password, and click on the “Go” button.

Step 3: In case you lose your password, you only need to click on the ‘Click here” button on the above page. The system will take you to a page where you can add your email address for assistance with password recovery.

Step 4: Kaiku offers you a range of options for loading cash into your account. For a complete view of the options you can choose, check the homepage.

Step 5: Do you need directions on how to deposit a check into your Kaiku card? Or, maybe, you need instructions on how to transfer cash to a friend. Check out the bottom of the homepage. It has a few videos that you can watch for information.

Step 6: If you need to find a location where you can load cash into your Kaiku Prepaid Debit Card, check this page. Add the city, state, or zip code of the area where you live or work. The system will give you a complete list of the locations and ATMs that you can access.

 

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How Do Prepaid Credit Cards Work?

prepaid credit cards

Prepaid credit cards allow you to deposit money onto a card for use in-store and online. Similar to a gift card, customers can only use the amount of ‘credit’ that is available (which has been previously deposited) on the card. There are no borrowing or overdrafts available. So it is important that enough money has been deposited for the purchase planned otherwise the sale will be rejected.

Safety

Prepaid cards are a safe way to carry cash around. By loading the card before a shopping trip, day out or holiday, customers able to control how much money you have to spend and know it is in a safe place on your card. This saves carrying a large amount of cash that could easily be misplaced or even stolen.

Prepaid credit cards are very popular to use when travelling. Many people save up for their travels so by loading a credit card with their savings it allows them to know how much money they have before they leave for their holiday or travels. Prepaid credit cards provide a safe way to carry around money and are widely accepted around the world. Used just like a debit or credit card, they are an easier alternative to using credit cards when travelling to different countries. They are hassle free and won’t cause problems that credit cards are popular in doing so when travelling such as blocking access for being in a foreign country or having a spending limit.

Prepaid credit cards can also be used in ATM’s, which is very handy when you’re in need of emergency cash. Unlike credit cards that charge for taking cash from an ATM, prepaid credit cards can be used whenever you need cash so you won’t be stuck with just using a card for your whole trip.

Security

As with anything money related, fraud and security is a big issue. Customers want to ensure they have a card that is protected and safe for use. Card fraud and identity theft will not be an issue when using a prepaid credit card because they are not linked to your actual bank account. They are also pin-protected to add extra security when spending money on the prepaid cards. So buying goods online, in-store or getting cash at an ATM is safe and secure.

If customers fall into a problem and lose or get their prepaid credit card stolen then don’t worry. Who ever finds your card will not have access to your other accounts and can’t spend your prepaid cash (unless they know the pin). This is why prepaid cards are very popular. They are safe to use and even when lost, many banks and credit card companies will replace your card for you.

Taking a prepaid credit card abroad is useful as it is the safest way to carrying cash in comparison to real cash, credit cards and traveller’s cheques. Your money on your card is safe if it becomes lost or stolen. Simply call your bank or card supplier to alert them to the problem. Most providers will offer free money transfer and replacement cards anywhere in the world for both stolen and lost prepaid cards.

Simplicity

Prepaid credit cards are very simple for consumers to use, when you add $100 and you’ll have $100 to spend. Spend $50 in one transaction and you’ll instantly be left with $50. There is no waiting for money to be sent back and forth from your bank. Once you have used all your credit you have to reload the card online, at the bank or over the phone. It is useful to load your card with as much money as possible before you start travelling or shopping to save reloading.

prepaid-credit-card

If you’re a shopaholic and want to control your shopping sprees, using a prepaid credit card allows you to budget and set yourself a limit. There is no way to go over the amount that you load on the card so it works well for people who are sticking to a budget.

Why use Prepaid Cards?

If you’ve ever questioned getting a prepaid card, it is definitely worth it. They are widely accepted in stores, restaurants, ATM’s and online. You can pay for almost anything including your bills! This provides an easier way to pay for monthly payments if you want to move on from cheques and need to control your finances better.

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Everything You Need to Know About the Walmart Money Card

Walmart Money Card

The Walmart Money Card functions just like a debit card and allows you to keep a careful control on your finances. While users need to be at least 18 years of age to get this card, you can authorize your 16 or 17-year old to buy one and use it to manage his or her allowance. You’ll find that it’s a smart way to educate your kids on how to be responsible with money.

Positives and Downsides of the Walmart Money Card

The biggest positive of the Walmart Money Card is that it has a low issuance and monthly maintenance fee. For the cost of $3, you can get this card at any Walmart store. Should you order the card online, you won’t have to incur this charge also, but the store levies a $3 charge for loading the card with cash. As for rewards, you can earn several benefits and fee waivers on making purchases with the card at Walmart stores. In addition, the store offers up to $75 cash back rewards each year, and the facility to withdraw cash at its more than 4,500 locations.

The Walmart Money Card does come with its downsides though. The biggest drawback is that it does not have a smartphone app you can use. While you can use the card to transfer cash or pay bills online, this facility is only available on its more expensive cards. Aside from the Basic Card, the company also offers the Plus Card and Preferred Card options, each with their own additional perks and facilities.

Here’s How to Get a Walmart Money Card

Step 1: To get a money card, you must click on the Walmart Money Card website. You will find a yellow panel with an orange block that says, “Get a Card.”

 

Step 2: Click on the “Get a Card” box and you will be taken to a page which displays a form. Enter your personal details into this form. Make sure to choose from the VISA or Mastercard options. The page also prompts you to choose a pin and confirm that you have understood the terms and conditions. When you’re ready, click on the bottom of the page to apply for the card. The company will mail you the Walmart Money Card within 5 to 7 business days.

 

Step 3: Alternatively, you can visit a Walmart store and request for a card at the checkout lane. After paying the $3 card issuance fee, you can load the card with cash.

Step 4: If you’ve received your card by mail ,you must register it by clicking on the Register button on the Walmart Money Card page.  You will be taken to the registration page where you must add the details of the card.

Step 5: Walmart allows you to manage your account online. Click on the “Secure Login” box and you will see a page where you can add your account ID and password. After adding in the details, you can check the transactions you’ve made. Also, check balances, and the rewards and benefits accrued in your account. If you haven’t already created an account, you can use this page to set up a new account.

Step 6: In case you forget your User ID, click on the “Forgot User ID” button. Walmart will direct you to a page where you can add in information. These details include the Walmart Money Card 16-digit number, Social Security Number, and the CVV on your account. Once the system verifies your details, you can continue to use the account. Losing or forgetting your password is not an issue either. Simply click on the “Forgot Password” button, add your details, and you will be allowed to choose a new password.

Step 7: Ready to load your card with cash? Click on the icon on the homepage that says, “Get paid up to 2 days early with free direct deposit.” You will reach a page that offers you a range of options that you can choose to add money to the card. Choose the one that is most convenient for you. Your card is now ready for use.

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