Paypal Debit Mastercard???

[Former_Member]

I was considering getting a paypal debit card, but I couldn't find if there were any monthly fees. I did see a paypal mastercard at the dollar general and on the back it said there would be a monthly fee of $4.95.

I thought it might help when I do custom orders/ made to order items. Person pays for item then I go and buy the supplies to make the item.

What are your experiences with the paypal debit card?

[Former_Member]

I have one and love it! Makes life so much easier when you don't have to transfer the money to your checking account and wait for 3-4 days. I would highly recommend getting one, wish I would have done it sooner than I did :)

[RainnRoseArt]

I have a question about it for you Janessa . Its a debt card.. not a credit card. so if I dont have many sales going on ( my sales are far and in between) I don't have to make any fees?

[Former_Member]

Correct, it's not a credit card. It's a debit card just like a regular checking account and I have not noticed any monthly associated fees being withdrawn from my account. There are some fees for ATM withdrawls, foreign transactions, stuff like that. Here is a link to the Terms and Conditions if you are in the mood for a long, boring read :)

https://cms.paypal.com/cgi-bin/marketingweb?cmd=_render-content&content_ID=ua/DebitCard_full

[Former_Member]

I've been using mine for years and even with large sales (one over $800 in a nother life time LOL) there were no fees associated with it. I love love love mine and often pray people will pay with paypal so I can get what I need without waiting on funds transfers.

[Former_Member]

there are no fees and you actually get 1% cash back on purchases

[RainnRoseArt]

I hate waiting between transaction and I use pay pal a lot. I just got a pay pal payment and I need the money now not on the 27th. so i am very interested in this.

[RainnRoseArt]

You only get 1% cash back if you have a business count. Mine is personal.

[ModernHermine]

I love mine and it has zero fees but fast access to cash as soon as you get a sale it goes right to paypal and you can use it

[Former_Member]

Thanks. I like the 1% cash back. I'll wait after the holidays to apply. It seems like the holidays even more mail goes missing.

[Former_Member]

Love mine, especially when the receipt is in my email box as soon as the transaction is complete(I use mine only for business expenses) so as soon as it arrives I move it to my business receipts folder.

[RainnRoseArt]

I did go and try to apply, however I stopped because it says i have to update my account to premium but I couldn't find what having a premium account requires. are there monthly fees? Because etsy at the moment is my only form of income so I don't always have money so having a large monthly fee wouldn't work for me.

[Former_Member]

I have business account and there are no charges incured with such.

[Former_Member]

I also have a PayPal debit card, and I love it. I have a business account, which doesn't cost anything, and earn 1% cash back on all purchases! Love it.

I think (and could be wrong) that if you're selling on Etsy you *should* consider upgrading to a business account. I'm pretty sure with just the personal account, people can only pay you with their PayPal balance, not with a cc. I remember reading that somewhere, I'll see if I can find the info for you :)

[RainnRoseArt]

Thank you very much.
If i upgrade to a business account will I need to change anything with etsy? i would assume everything would be the same.

[Former_Member]

Okay, I couldn't find where I read that about accepting CC's on the personal account, but I did find these links that might be helpful.

This one will bring you to a page that talks about account types: http://www.paypal.com/us/webapps/helpcenter/article/?articleID=94050&topicID=11500004&m=TTQ#paypal_a...

And this one will bring you to a page that talks about monthly fees on some seller accounts: http://www.paypal.com/webapps/mpp/merchant

Hope that helps.

ETA: You shouldn't need to change anything with Etsy, your PayPal email address would still be the same :)

[RainnRoseArt]

Okay thank you! i just updated my account to business and I am going to sign up for the card tomorrow most likely tomorrow! This will make life so much easier thank you!