The PayPal Debit Card provides the most convenient and quickest method to get hold of the money collected in one's PayPal Account. This procedure does not involve the time consuming activity of having to transfer the money received, from the PayPal account to the bank account. The PayPal Debit Card can also be used to make payments for purchasing goods and use of services at all mercantile concerns that accept MasterCard besides using it to withdraw cash from ATMs all over the world.
In addition to the benefits mentioned above the PayPal Debit Card also provides other privileges which includes :
- complete protection against every particular charge levied that is unauthorized
- 1% cash back on all purchases made using the PayPal Debit Card
- fast access to the money accumulated in the PayPal account
- total protection against every purchase that is fraudulent and therefore not authorized by the consumer even when the PayPal Debit Card is either lost or stolen.
The PayPal Debit Card involves no fee or charge for its use at mercantile concerns that accept MasterCard across the world. But the processes of withdrawing cash from ATMs all over the world and foreign transactions may involve the implementation of fees.
Regarding the usage of the PayPal Debit Card, it needs to be mentioned that at first the amount available in the consumer's PayPal account is used. Thereafter all further expenses which exceed the balance available in one's PayPal account may be backed by selecting any of the following as a backup
funding source - Bank Account, PayPal Buyer Credit, or PayPal Plus Credit Card.
The PayPal Debit Card comes with a default spending limit, which are as follows :
- $3,000 is the daily spending limit.
- $400 is the daily ATM withdrawal limit.