Suits Me Simplified: Banking 101
Here’s everything you need to know about using your Prepaid Card with PayPal
It’s hard to imagine a time before online shopping, and PayPal is undoubtedly one of the most popular services for making payments for goods and services. PayPal allows the user to
make online purchases using various methods using credit or debit cards, prepaid cards, and bank transfers, to name a few. Here’s a rundown on how to shop using PayPal and your prepaid card. You can connect most types of cards to your PayPal account. This service accepts all the major credit and debit cards as well most prepaid cards.
All you need to do to connect your prepaid card is to go into your PayPal settings and select the “Link Card” option. Then follow the prompts and fill in all the relevant fields. To verify that the card has been accepted, PayPal will automatically deduct a nominal amount from this card, but you will be reimbursed once you have confirmed the card. For the most part, as long as the online vendor you are shopping
from offers PayPal as a payment option, you can use the funds in your prepaid card account. However, you will not be able to use gift cards from specific stores via PayPal, even if you purchase from that store. If you want to use your prepaid card for regular payments, such as subscription services via PayPal, you will not be able to link your prepaid card to make payments to these services. It’s
also worth noting that you must have the entire purchase on your prepaid card to complete the checkout. The amount must cover the cost of the goods you are ordering as well as shipping. Otherwise, the transaction simply will not be approved, and you will either need to cancel your order or top up your prepaid card and then continue finalising your purchase.Connecting your Prepaid Card to your PayPal Account
Are There any Restrictions with Prepaid Cards when I Shop using PayPal?
Does PayPal have a Prepaid Card Option?
In recent years, PayPal introduced their own prepaid card, which users of this service have widely welcomed. It works in much the same way as all prepaid cards, but it is infinitely easier for those who prefer using PayPal for online purchases. The PayPal Prepaid Mastercard is only available in the US and a few countries in Europe. The good news is that this service is being expanded regularly, with more users worldwide looking forward to accessing this card.
However, there are multiple banking providers that offer prepaid cards. Some are just simple cards that you transfer funds to, however, some (like us here at Suits Me) come with an account and a wide range of banking facilities to successfully manage your money, make purchases and pay bills.
Where can I use PayPal’s Prepaid Card?
Any vendor that gives you the option to pay using PayPal will automatically accept their prepaid Mastercard. This service allows you to access your money instantly, make purchases in-store or online and even withdraw cash from ATMs anywhere in the world. Keep in mind that many of these benefits attract fees, so you need to be aware of them before you start spending.
PayPal is one of the safest services to use for online shopping as they offer buyer protection for their users. Team this with a prepaid card of your choice, and you can shop safely without maxing out your credit card.
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Bump. I'm trying to use a gift card as well, to pay for part of a purchase.
I'd like to either combine the gift card balance into my Paypal balance (and use my Paypal balance to make the whole purchase), or split the payment with my other payment source. The vendor I'm purchasing from doesn't show the option to split payment when I select Paypal, so I'm assuming that adding the gift card to my PP balance is my only option.
I can't seem to find any way to do this other than sending an invoice to myself and faking it. Am I missing something (hopefully?)
Thanks
Justin
Although you can transfer funds from a linked checking or savings account to add money to a PayPal account, the process of using a Visa card through PayPal for a large business purchase requires a different set of steps. Instead of moving part of your Visa card's available balance into PayPal, you link the card to PayPal so you can draw against that balance. When you make a purchase using PayPal, you can designate your card as the payment vehicle without the seller of your goods seeing your Visa account information.
Add Card
Log in to your PayPal account. Click on the "Profile" link on your homepage and choose "Update Card" from the drop-down menu.
Click on the "Add a Card" button on the "Debit and Credit Cards" screen to link your Visa card to your PayPal account. When the "Add Debit or Credit Card" screen loads, open the "Card Type" drop-down menu and select "Visa" to reveal the data-entry fields for your card information. Enter your card number, expiration date and the three-digit verification number from the back of the card.
Verify that your card's billing address matches the home address for your PayPal account. If it differs, click on the "Enter a new address as Billing Address" radio button and enter your information in the input fields that appear below it. Click on the "Add Card" button to complete the process. PayPal confirms that your card has been added to your account.
Verify Card
Log in to your PayPal account. Locate the "Profile" link on the homepage and choose "My Money" from the drop-down menu. In the "My Profile" list of financial sources, find the Visa card you added to your account. Click on the "Update" link next to the listing to load the "Debit and Credit Cards" screen for your Visa card.
Click on the "Confirm My Card" and "Continue" links, or "Link and Confirm My Card" and the "Save and Continue" links, whichever appear on the listing for your Visa card. PayPal will run a $1.95 charge on your Visa card within a few days as part of a security verification procedure.
Find the PayPal charge on your Visa statement, along with the four-digit code that appears with it. Log in to your PayPal account as soon as you find this information, either on a printed or online statement. Click on the "Profile" link and choose "My Money."
Locate your Visa card in the "My Profile" list of financial sources and click on the "Update" link. When the account screen loads, click on the "Enter PayPal Code" link and type in the code from your Visa card statement. Click on the "Confirm Code" button to complete the process.