PayPal mobile wallet
in Banking, Insurance & Loans ·
Terry Campbell2 said:Hey, I can't say for sure on that first one. I don't think it's some weird vendetta between PayPal and Mastercard; works perfectly fine for me. I've never had PayPal or any other service give me grief using a Mastercard. As for your second question, nobody's going to bother you. You're just making regular purchases. Honestly, using a Cash App card is actually safer than using your main bank card anyway.
When you close the account, you've got the option to transfer whatever's left back to your bank account. You just gotta hit up their support via email with your banking details to sort it out. A buddy of mine closed his once, but he ended up opening a new Cash App account later. You can always do that too.
Aha, I see where you're coming from. It sounds like PayPal might be a bit wary of prepaid cards—they likely find them "fishy"—and perhaps Mastercard blocks them by default under certain conditions. It wouldn't make much sense if five transactions go through smoothly and then suddenly everything gets blocked out of nowhere... In general, though, Cash App is wonderful for everyday things—standard shopping, eBay, that sort of thing. I haven't had any trouble with refunds with them, and overall, they seem fair, helpful, and their fees aren't even that high. They get my full approval...
Regarding the closing process, you could also do it via an ATM or wherever you typically withdraw funds; there's that 4% fee, so you could just calculate an amount where, after subtracting the 4%, your balance hits zero. Then you just close it out.
I am also wondering... since it is a prepaid account, is it treated like a standard checking account?