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What Prepaid Debit Cards Except Moneypak

Does PayPal Accept Prepaid Credit Cards? By Tara Kimball, eHow Contributor

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PayPal's money transfer service allows you to send and receive money online using your email address as an account reference. When you want to fund your PayPal account or make a payment, there are several options available to you. Exploring how credit cards and prepaid debit cards are processed by PayPal may provide you an additional funding opportunity through your PayPal account.

  1. Adding Funds

    • PayPal has partnered with MoneyPak to use the MoneyPak prepaid debit cards for funding PayPal accounts. When you have cash and you want to transfer it to your PayPal account, purchase a MoneyPak card with your cash then input the MoneyPak card number into the "Add Funds" section of your PayPal account. Your funds are available immediately after submission.

    Making Payments

    • If you receive an invoice or money request from a PayPal user that includes the option to pay with your credit card instead of your PayPal account, PayPal will accept the card number for payment processing provided that your prepaid card has a Visa/MasterCard logo. Prepaid cards with a major credit company's logo are processed by most vendors as a traditional card.

    Profile Credit Cards

    • PayPal accepts prepaid credit cards in the Add/Edit Credit Card section of your profile as long as the prepaid card is issued by a major credit card network such as Visa or MasterCard. The cards added in this section are used for identity and address verification, as well as backup funding for your PayPal account. Register the card to your billing address for verification purposes.

    Considerations

    • Many prepaid cards include monthly service fees and fees for deposits and other transactions. Payments and charges from PayPal are subject to these fees as well. Verify the fee structure for your card before adding it to your PayPal account. The MoneyPak cards are available at many major retailers. You are subject to the retailer's processing fees for adding funds to your MoneyPak card.

    Tara Kimball

    Tara Kimball is a former accounting professional with more than 10 years of experience in corporate finance and small business accounting. She has also worked in desktop support and network management. Her articles have appeared in various online publications.

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    Original source: eHow.com

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