Jun
PayPal Debit Card
This blog post is sponsored by Golf News and Photography Art.If you do a lot of transactions through Paypal, then you know it can be a pain to get your money. To do a straight bank transfers it can take up to 3-4 business days, so if you rquest money on a Friday…you may see it in your bank account on Wednesday. It’s hard to wait that long especially if you’re counting on the money to pays bills or something. After looking at the little PayPal Debit card logo in my account for like 2 years, I finally took the plunge and requested a PayPal debit card.
It’s completely free of charge. All you have to do is click a little submit button. No forms to fill out or anything. Some of the benefits of signing up for a Paypal debit card include:
- Qualify to receive 1.0% cashback on purchases
- Withdraw funds from your PayPal account at ATMs!
- Pay for purchases wherever you see the MasterCard(TM) Logo
- Get instant access to the money you receive
The 1% cash back perk comes if you have a business account and either promote Paypal on Ebay or on your website. I can do that easy enough. I won’t earn a lot of cash back because I don’t get thousands of dollars in my Paypal account like some people. I get a few bucks here and there from link sales. But still…$100 in transactions is a free $1.
Best of all, no more waiting 3-4 days for my money. Now when I’m out to lunch or dinner, I can just pay with my Paypal debit card. It will almost feel like I’m buying stuff for free since I will never see the money in my bank account. It should arrive in 2-4 weeks. The sooner, the better.
Cool, I think I am going to ask one to
I don’t think you mentioned this, but you can also set your Paypal Debt card to have backup funding from a bank account, and will also work like your bank’s check card if you have no money in your Paypal account…
I have one
you can even get two, so now I have one and I got my gf one as well.
They came pretty fast in the mail too
I don’t know how your business is setup and structured, but you want to make sure to separate business and personal expenses to avoid problems with the IRS. Let’s say you are an LLC and you would do that you could lose the legal protection of the LLC in court (worst case scenario). Rather transfer the money from the business Paypal account to your personal one and get the debit card for that account.