PayPal Debit Card definition
Examples of PayPal Debit Card in a sentence
If you have a PayPal Debit Mastercard® (PayPal Debit Card), have enrolled in Direct Deposit, or have bought or received cryptocurrency, the U.S. dollar funds held in your Balance Account will be placed by PayPal, as your agent and custodian, in one or more Program Banks where they will be eligible for FDIC pass-through insurance, as further detailed in the PayPal Balance Terms and Conditions.
You can change the PIN at any time by clicking “Manage Card” within your PayPal Debit Card settings on ▇▇▇.▇▇▇▇▇▇.▇▇▇ or on the PayPal mobile app.
Except for PayPal Debit Card transactions, you acknowledge that all debit or credit card funded transactions from a buyer’s Account are processed as “card not present” transactions, even where the buyer is at the physical point of sale.
Fees may apply; See Section 5 (PayPal Debit Card Fees) for further details.
You may withdraw funds by electronically transferring them to your bank account or using your PayPal Debit Card (eligible Users only).
Debit card processing PayPal will process your debit or prepaid card funded transactions through either the ATM debit network or the Visa, MasterCard, or Discover network except for PayPal Debit Card transactions you make in PayPal checkout, which will be processed directly by PayPal by debiting your Balance Account.
For unauthorized transactions or processing errors involving your PayPal Debit Card, notify us as follows: • Log into your Account, go to the "Account Overview" page, select the transaction details for the transaction you wish to dispute and then follow the directions.
You are also authorizing PayPal to obtain your personal and/or business credit report: (a) when you upgrade your Personal Account to a Business Account, (b) when you request certain new products, such as the PayPal Debit Card, or (c) at any time PayPal reasonably believes there may be an increased level of risk associated with your Business Account.
In addition, the issuer of the PayPal Debit Card, which is The Bancorp Bank, holds debit card customer balances in a pooled account held in the debit card issuer’s name for the benefit of PayPal debit card users.
You should immediately notify PayPal if you believe (a) there has been an unauthorized transaction or access to your Account, (b) your password or PayPal Mobile PIN has been compromised; or (c) your PayPal Debit Card or PayPal Mobile-activated phone has been lost, stolen, or deactivated.