How to apply for Business Paypal Mastercard
To apply for a PayPal Mastercard, you’ll be prompted to log in to PayPal or create an account before applying. If you have an existing personal account, you’ll have to switch to a business account. this option is only available for Premier and Business PayPal accounts. You can upgrade to business from your personal account by selecting the option “Upgrade to Business account’ at the lower left-hand corner of your home screen after logging into your personal account, and then follow the instructions or you create a new account with a different email address.
The following are the requirement for Paypal Business accounts, please ensure that:
You have a U.S. Business account. You must have a confirmed physical street address, this can be fulfilled by Linking a credit card whose monthly statement is sent to a physical street address.
You have to Apply and be endorsed for a PayPal card that confirms your physical street address.
You must Complete the location confirmation process. You provide your Social Security number and date of birth. You are an active PayPal member in good standing, which means you have no issue with your account.
To apply for the PayPal Business Debit Mastercard follow the directions below:
- Within your PayPal home page, click ‘Tools’ at the top of the page and select ‘All tools’ option. 2. Scroll down until you see the option for ‘PayPal debit card’ on the left-hand side, click the PayPal debit card’ this will take you to debit card application
- On the PayPal Business Debit Mastercard application page, review the information on the screen. Confirm your date of birth, address, phone number and enter your security number then click ‘Agree and continue’ with the PayPal Cash Card
- After submitting your application through your PayPal account, you will have to wait to get approved for the debit card. Approval is usually fast, but if you’re declined, ou can reapply after 30 days after being denied.
- If you get approved, you will have to wait for the card to arrive in the mail. It should be at your doorstep within seven to ten business days.
The benefit of PayPal business MasterCard
- Instant access to your money in PayPal, you ddon’thave to wait for it to transfer to your bank accounts. Many people who conduct a lot of businesses or transaction online would like to have instant access to their money instead of waiting for it to be transferred back to their account.
- Use your funds in PayPal to make purchases in stores or online, you can also withdraw directly from any ATM run by MasterCard, Maestro, or cirrus
- Add cash to PayPal in tens of thousands of stores nationwide where cash reloading is so supported.
- there is no annual fee for maintaining this debit card.
- when running low on PayPal funds, money will be withdrawn from your bank account or credit cards, since you linked your checking account to PayPal account.
- PayPal offers identity theft protection, they take full responsibility if there is ever an unauthorized payment using your card.
- You will have access to unlimited 1% cashback program