See Cardholder Agreement for details.Ĥ An account with PayPal is required to send and receive money. We may also ask to see a copy of your driver’s license or other identifying documents. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. The Bancorp Bank does not hold your PayPal Balance account funds.ģ PayPal Balance account is required to get the card.Īpproval contingent on ID verification. Card may be used everywhere Mastercard is accepted. The Bancorp Bank is issuer of the Card only and not responsible for the associated accounts or other products, services or offers from PayPal. Mastercard is a registered trademark, and the circles design is a trademark, of Mastercard International Incorporated. The PayPal Cash Mastercard ('PayPal Cash Card') is issued by The Bancorp Bank pursuant to a license by Mastercard International Incorporated. See the PayPal Balance Terms and Conditions for additional information. Funds in these custodial accounts are eligible for pass-through FDIC insurance coverage up to applicable limits. Never pay for something that promises to grow your PayPal balance. These are scams designed to fleece you out of your money including whatever funds you have in your PayPal account balance. If your PayPal Balance account is eligible for FDIC pass-through insurance, PayPal will deposit your cash funds into one or more custodial accounts maintained for the benefit of eligible customers at one or more FDIC-insured banks. What is a PayPal money generator or PayPal money adder There is no such thing as a PayPal money generator or a PayPal money adder. Cash funds held in a PayPal Balance account are not eligible for FDIC pass-through insurance coverage unless you have a PayPal Cash Card, or have enrolled in Direct Deposit, or have bought cryptocurrency.

You will not receive any interest on the funds in your PayPal Balance account.

PayPal is not a bank and does not itself take deposits. The PayPal Cash Card is not a credit card.

This service fee is to add cash into your PayPal Balance account.Ģ The PayPal Cash Card is a debit card linked to your PayPal Balance account.

Pay money adder