#Paypal mastercard license#

You may review activity on your periodic statements or transaction history on or call Customer Service at 1-88 to verify receipt. Funds deposited via Direct Deposit will generally be available on the day we receive the funds transfer. See Cardholder Agreement for details.ĤDirect Deposit is subject to the payor's support of this feature. Foreign Transaction Fee applies for International ATM Withdrawals. No fee for MoneyPass ATM Withdrawals in the U.S. Transactions at non-MoneyPass ATMS have a $2.50 ATM Domestic and International Withdrawal Fee. Up to $400.00 USD daily withdrawal limit applies.

See Cardholder Agreement for details.ģATMs must display the Mastercard®, Cirrus®, Pulse® or MoneyPass® acceptance marks.

#Paypal mastercard license#

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. 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. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of The Bancorp Bank does not hold your PayPal Balance account funds.ĢA 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. This structure used for accounts with a PayPal Cash Card is intended to provide the funds in your PayPal Balance account with the benefit of pass-through FDIC insurance up to applicable limits. If you have successfully requested a PayPal Cash Card, then we will deposit the funds in your PayPal Balance account into a pooled deposit account held by us for your benefit at an FDIC-insured bank. Funds you hold in a PayPal Balance account are not insured by the FDIC unless you have successfully requested a PayPal Cash Card. 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. Standard data and messaging rates may apply from your wireless service provider.1The PayPal Cash Card is a debit card linked to your PayPal balance. Direct deposit and earlier availability of funds is subject to payer’s support of the feature and timing of payer’s funding.Ĥ. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Be sure to ask your payroll or benefits payment provider when they submit your deposit information to the bank for processing. It is important to note that your payroll or benefits payment provider may not submit the deposit or payment early each payment period. In order for you to be paid early, your payroll or benefits payment provider must submit the deposit early. Please see your guide to benefits for details, or call 1-800-MASTERCARD.ģ. This service is provided by Generali Global Assistance, Inc.

Cardholders need to register for this service. Certain terms, conditions and exclusions apply. In the event your card is lost or stolen, your card issuer will not hold you responsible for unauthorized purchases made on your card. You can also contact Emergency Services for additional assistance. Your issuer may need this information to cancel the card and issue a replacement. Be sure to keep a record of the Mastercard card number. You can use the customer service toll-free number listed on the back of the card. Contact the issuer of your card immediately to report your lost or stolen card. Within the U.S.: 1-800-Mastercard (1-80) | Outside the U.S.: Mastercard Global Service Phone Numbersġ. Please refer to your issuing financial institution for complete insurance benefit coverage terms, conditions and exclusions. Availability of insurance benefits on your card may vary by card issuer.