Your Money, Right Now!
PayPal has become one of the de facto go-to solutions for online eCommerce…
But it has traditionally lacked a lot of the tools and features available to banking and checking accounts. (This is because it is legally NOT a bank.)
For businesses doing commerce online this brings the benefits of name recognition that improve transaction trust… but at the expense of having our money tied up.
Fortunately, any Premier or Business class PayPal account has easy access to a PayPal debit card that can give you much quicker access to your money!
You’ve already upgraded your account to at least PayPal Premier if you’re using it for business (or at least you’re supposed to have), so that requirement is taken care of already. (Fortunately, it’s free to upgrade to Premier.)
This card is a DEBIT card and is substantially different than the PayPal CREDIT card that you may also be familiar with. (You can have both!)
Is there a withdrawal or spending limit for the PayPal Debit Card?
The default spending limits for the PayPal Debit Card are:
Daily spending limit is $3,000.00 USD.
Daily ATM Limit: $400.00 USD.
Do I need to have a PayPal balance to use the PayPal Debit Card?
When you pay using your PayPal Debit Card, funds in your PayPal account are used first. You can select a backup funding source for your debit card to cover the purchase if the amount exceeds your available balance.
What are the fees to use the PayPal Debit Card?
There is no fee to use your PayPal Debit Card to make purchases from merchants that accept MasterCard. There may be fees associated with cash withdrawal and foreign transactions. Please see our User Agreement.
How long does it take to get the PayPal Debit Card once my application is approved?
It usually takes 2-4 weeks to receive your PayPal Debit Card in the mail.
Do you use PayPal in your business? Have you got your Debit Card yet?
~ Kim ~
Smart Tech For Smart Marketers