Wednesday, March 23, 2005

How to Use a PayPal Business Debit Card

PayPal, one of the most popular online payment processors, offers its account holders debit cards. Business account holders, as well as individual account holders have the option of apply for a debit card. To use your card, you must activate it and then use it as you would any other debit card. Your purchase or withdrawl amounts are limited by PayPal's daily limit restrictions, as well as the amount of money currently available in your PayPal business account.

Instructions

How to Activate Your PayPal Business Debit Card

    1

    Go to PayPal.com and log in to your business account.

    2

    Click on "My Account."

    3

    Click "Profile" at the top of the page.

    4

    Locate the "Financial Information" column and click on "PayPal Debit Card."

    5

    Select your business card, and click "Activate Now."

    6

    Enter in the required information (required activation codes are included on that was sent with your debit card), and select your business card's PIN number. Then select "Activate Debit Card."

How to Use Your PayPal Business Debit Card

    7

    Swipe your card when making purchases in retail outlets that accept MasterCard. There is no charge from PayPal for this. There is a daily limit of up to $3,000 for these transactions.

    8

    Withdraw money from ATM machines. You will have to enter your PayPal business debit card PIN number. You will probably incur a charge from the ATM and a $1 charge from PayPal. There is a daily limit of up to $400 for ATM transactions.

    9

    Make purchases online with your business debit card. You can make purchases by entering in your debit card number just as you would any other debit/credit card. There is no fee for this, and you are limited to spending up to $3,000 per day.

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