![]() ![]() It earns a 1.3 out of 5 on Trustpilot, with consumer reviews complaining of poor customer service.Ĭontact PayPal at 84 weekdays from 7 a.m. PayPal is accredited with the Better Business Bureau and has an A rating. However, a few consumers are wary of its security strength. There aren’t many consumer reviews available on social media, though thoughts on other PayPal products are generally positive. Cash at over 90,000 participating retailers for a fee up to $4.95.PayPal Debit Card fees and access Type of feeĪdd funds to your PayPal account balance in four ways: Otherwise, the purchase may be declined entirely if you opt to not link a bank account. You can’t write checks, and if you don’t have enough money in your PayPal balance to cover a transaction, PayPal will automatically debit your linked bank account or debit card to cover the difference. While the PayPal Debit Card has distinctive perks, it may not replace your traditional bank account. But with the PayPal Debit Card, your funds are held by one or more of PayPal’s partner banks, making your PayPal account balance eligible for FDIC insurance. Typically, your PayPal funds aren’t insured by the FDIC since PayPal isn’t a bank. However, the exact cash back earned depends on the retailer.įinally, opening a PayPal Debit Card gives you pass-through insurance from the FDIC for up to $250,000. Paypal gives you a variety of ways to redeem your points, including cash, shopping credit and gift cards. The PayPal Debit Card‘s cashback rate ranges from 1% to 9%, depending on the retailer, which is some mighty value if you can take advantage. It’s not often that debit cards offer cash back opportunities, and when they do, you can expect rates of around 1% to 2%. While PayPal lets you use your funds when making online purchases, the debit card lets you use those funds for in-store purchases.Ĭash back is another big perk. ![]() The PayPal Debit Card‘s big draw is the easy access you get to your PayPal funds. The potential cash back on the card is also a nice bonus: the higher rates of 4% to 9% are higher than what you’d find on even the best rewards credit cards. Given the reliance on an active PayPal account, the PayPal Debit Card is best for those who frequently use PayPal and want to use those funds on purchases in store. All international money transfer services.
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