Dec 192012

PayPal Starts Offering Prepaid Cards Just In Time For The Holidays

It’s a given that many people will be using PayPal to make transactions over the holiday season. The service, however, is strictly limited to those who either have a credit/debit card or bank account they’re willing to associate with their PayPal account. What about those who distrust storing their financial information on the Web?

For the discerning person who would rather use cash this holiday season, PayPal now offers prepaid cards that consumers can use to load up their account with money. The company partnered with InComm to make the PayPay My Cash Card a reality. Any money loaded on the card can be used at any of the online merchants that accept payments from PayPal.

The PayPal prepaid cards a little unique in that they let consumers choose the amount of money they want to put on the card instead of just buying a pre-set amount. There is a caveat, however, as the cards have a minimum funding amount of $20 and a maximum of $500. It’s not that bad of a deal considering that most people will be buying these as gifts.

Like other prepaid debit cards and the like, the PayPal My Cash Cards require users to create a PayPal account before they can use it. From there, they just enter the PIN number on the back of the card to add the funds to their account.

The PayPal My Cash card is now available at over 30,000 retailers nationwide. The company makes an important note that over 10,000 of those retail locations are the numerous Dollar General stores around the nation. You can now pick up some cheap wrapping paper, and a $20 PayPal card for your eBay obsessed aunt all in one go. Now that’s convenience.



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