![]() FDIC insurance does not protect you against the failure of PayPal. 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.PayPal Key uses the funds inside your PayPal account, bank account, credit, or debit card to pay for purchases from any retailer that accepts MasterCard, regardless of. Hence, there's no need to add another card to your wallet. Withdraw money from PayPal at ATMs worldwide. PayPal Key is a virtual card similar to a debit card, except for the fact that it is linked to your PayPal account.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).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.
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