The Paypal Prepaid MasterCard, also known as the PayPal card, is one of several credit cards that is accepted at stores that accept MasterCard transactions. It works by providing consumers with the convenience of making purchases online with a credit card. In order to use the card in any store, an online payment terminal has to be installed. While most stores have such terminals, some still accept cash payments and other non-MasterCard payments, including the Visa or MasterCard. Once you have activated the card at the point of sale, the card is available on any payment terminal.
The card is accepted at many merchants that accept credit and debit cards, including Whole Foods Market, Barnes & Noble, Starbucks, Macy's, Target and other large department stores. The same applies for the major retail chains like Office Max, Macy's and Sears, where the card can be used to make purchases.
The card cannot be used to make purchases in most cases unless the merchant has added the card to the website. Most merchants, especially the ones who have not installed the card onto their website, have not yet done so. Some sites are beginning to allow cards to be purchased without having to use a credit card. However, this service is more expensive. It may not be worth it when the merchant does not have an automatic system yet.
The PayPal prepaid Mastercard card is good for one to five years, with no annual fees, which is another advantage. This means that you do not have to pay additional fees if you want to use the card for an extended period of time. You do have to make sure that you have enough funds in your account before you use the card. Also, if you have a charge card already, the amount you are able to make with the card will vary depending on your bank. The card cannot be used to pay cash when you are at a retail store.
If you have a PayPal registered email address, it will allow you to use the card to make purchases from the website. You can access your account to manage your finances with the card. There are options to purchase items on the site, like books and movies, or download music or videos. There is no need to sign-up for membership programs.
It is important to note that there are some limitations to using a PayPal prepaid MasterCard. It can not be used to make purchases over the phone with your cellular phone, for example. Also, the card cannot be used at ATM machines at a gas . . . . . . station or a merchant bank, even if you have a PIN number to enter.