How to Use PayPal for a Prepaid Visa

To encourage members to keep money in their PayPal account, the company issues PayPal MasterCards that can be used at most ATMs and retailers. The card functions as a prepaid card; a user can only spend what is in her account. Once the funds in the account are depleted, a user will need to add funds. PayPal members can add funds manually or schedule automatic transfers into their PayPal account.

Instructions

Schedule a Manual Transfer

1

Log in to your PayPal account.

2

Select the "My Account" tab.

3

Click on "Add Funds."

4

Select "Add Funds from Bank Account."

5

Click the "From" menu and select the registered bank account that you want to withdraw funds from if you have more than one registered bank account.

6

Enter the dollar amount to be transferred in the "Amount" field and click "Continue." Hit "Submit." Funds will be added to the account in three to five days.

Schedule an Automatic Transfer

7

Log in and click on "Add Funds" under the "My Account" tab.

8

Select "Balance Manager."

9

Click the "From" menu and select the bank account the funds will be transferred from.

10

Select either "Schedule regular transfers" or "Set minimum amount." Scheduling a regular transfer will transfer a certain amount weekly, biweekly or monthly. Setting a minimum amount will transfer a designated amount once the PayPal account reaches a certain balance. Enter the necessary information according to the choice you selected.

11

Click "Set Up" and "Confirm."