PayPal Cash – What is it? How to Setup & Add Funds on PayPal with Cash

Two years ago, PayPal decided to discontinue the PayPal My Cash card due to several issues arising, including money laundering activities. The discontinuation irked thousands of retailers and buyers alike who relied on the card because they use it to reload their PayPal account directly. Before we go on, make sure to check our other guides here on Brighter Guide.

If you’re one of the My Cash card users, then there’s no need to worry! PayPal actually switched to a user-friendly feature so that you could quickly reload your funds. This new feature is called PayPal Cash.

All of us are familiar with PayPal’s standard method of reloading accounts. This is usually done through a credit card or bank account.

Meanwhile, PayPal My Cash Card was intended to reloading PayPal much more comfortably with the cash you have on hand. PayPal discontinued the My Cash Card to make way for a more straightforward method to cash on their users’ accounts.

PayPal Cash now offers users another method of putting money into their PayPal accounts. This new feature involves selecting retailers like 7-Eleven, Rite Aid, Pharmacy, and CVS Pharmacy.

Did you know that PayPal has different types of accounts? Check out our guides for a premier account, joint account, and PayPal for non-profits.

PayPalCash vs. PayPalCash Plus

Paypal cash plus is designed for people who use PayPal to buy and sell. Meanwhile, PayPal cash is for those who use PayPal merely to purchase online. If someone sends money to an account holder with only the PayPal cash, this account holder will be prompted to withdraw funds to a bank or leave it in the wallet.

What you can do with your PayPalCash Card

PayPal Cash Card is a cash debit card also known as PayPal prepaid card that you can use along with your PayPal Cash Plus account. With this card, you can do any of the following:

• Instantly access money using your U.S. account.
• Use your PayPal funds to purchase in stores or online; at any store that accepts Mastercard. 
• Check your PayPal balance or withdraw money from your PayPal Cash Plus account at MoneyPass ATMs; this is a free service.
• Withdraw money at ATMs worldwide; there’s a $2.50-fee at machines that are not marked as MoneyPass ATMs.
• Be protected from unauthorized payments sent from your account.
• Add cash to your account in thousands of stores nationwide where cash reloading is supported.

Remember that PayPal Cash Card is not a credit card. Thus, check your balance frequently; there’s no balance inquiry fee, no annual or monthly fees, nor is there a minimum balance required.

Make purchases and payments easily with your PayPal account. Check out our guides for using PayPal on Amazon, eBay, Steam, and for buying Ethereum.

How to request or apply for PayPalCash Card

If you have already signed up for any product from PayPal, you will only need to confirm the information that PayPal has on file. Otherwise, you will be asked for your full legal name, mailing address, date of birth (DOB), and the last four (4) digits of your Social Security Number.  

How to Use PayPal Cash

PayPal Cash makes reloading PayPal accounts and online transactions a more comfortable and convenient experience because you will not have to purchase a card to make this feature work. Just follow the steps below:

1. Open the PayPal app on your mobile device or use a web browser using a laptop or PC.
2. Log in using your PayPal information.
3. Select “Add Money,” and PayPalCASH® Add money at a Store on the menu.
4. Select your preferred retailer.
5. A custom barcode will then appear on your screen.
6. If you are using the mobile app, you will only need to present the barcode using your mobile phone.
7. If you are using a web browser, print the barcode on a piece of paper.
8. Bring the barcode to the register with your money that you want to deposit to your PayPal account.
9. That’s it! In a few moments, the newly added funds will appear on your PayPal account.

Add Money to PayPalCash Plus Using App

Users can download the App from Apple App Store or Google Play Store cor cash reload service. Log in to the App with your credentials. 

• To load cash, go to the ‘Add Cash’ option on the home screen. 
• If you already have a PayPal cash Plus account, you don’t need to set it up again. If you don’t, then you have to set it up. 
• Select the nearest store on the app and tap on ‘Generate Barcode.’ You have to present the barcode to the retailer. The retailer will scan the code and add money to your cash plus account. 

This way, you can add money to your PayPalCash Plus account using the app and send money to friends or family anytime. You can check the balance in minutes too.

Associated fees

You don’t pay any fee, annual or monthly, with PayPal Cash Card. There are no overdraft fees since the money you use is the amount available in your PayPal account. Hence, should your balance be insufficient for a purchase amount, then the transaction is declined instantly. There is also no fee for cash withdrawal from any MoneyPass ATM nationwide.

Cash in at Walmart

PayPal account holders can load their PayPal accounts at Walmart stores. It costs $3 per service. PayPal Cash Mastercard customers can also check their balance in stores with the Walmart Service Desks, ATMs, and cash registers, all for the same fee.

Lost or stolen card

In case you lose your PayPal Cash Card, do report it using your PayPal account by doing the following steps.

Report through browser:

1. Choose “PayPal Cash Card” from your “Summary” page.
2. Select “Manage my card.”
3. Click “Report card lost or stolen” and do as the instruction says.

Report through PayPal app:

1. Log in to your PayPal app.
2. Tap on “Settings” on the top right corner of your screen
3. Tap “PayPal Cash Card”
4. Tap “Report your card lost or stolen.”
5. Follow the instructions that appear after.

Once your lost or stolen card is reported, the menu is permanently closed.

Learn the basics of using PayPal! Make sure to read our guides for verifying PayPal, delete PayPal account, how to receive money, and change PayPal password.

Reminders

While your PayPal card has various features, it also entails some limitations and charges. Here are some things to remember about your card.

• A $3.95 service fee applies.
• The mobile barcode is only suitable for one hour from the time of its creation.
• The web browser barcode is right for 48 hours from the time of its creation.
• When using the mobile app, create the barcode when you reach the retailer location. You only have an hour, so it would be best to be near the counter when available.
• You can only add values ranging from $20 to $500 using one barcode.
• Only three barcodes are allowed per day.
• You are limited to $4,000 a month using the barcode method.
• This service is only available in selected countries. If your mobile app or browser does not show the “Add Money” button, that means your account is not eligible to use this feature.

FAQ

In Conclusion

PayPal cash is useful because you want to buy something online but does not have enough cash funds on your credit card or bank account. This will make adding money a lot easier and more convenient.

While using the PayPalCash, make sure to monitor all the limitations set by PayPal. Otherwise, you could end up having your account on hold, and this might cause inconveniences on your part. If you are having issues with transaction history, Card transactions, you can always contact the Customer Service. 

Note that unless you have a PayPal Cash Card, have enrolled in Direct Deposit, or have purchased cryptocurrencies, cash amounts held in a PayPal Balance account are not eligible for FDIC pass-through insurance coverage. PayPal will also deposit your cash funds into one or more custodial accounts maintained for the benefit of eligible customers at one or more FDIC-insured banks.

Feel free to ask us questions about mastercard Zero Liability, pass-through FDIC insurance coverage, custodial accounts, applicable limits, Approval contingent or other queries by leaving a comment below. We will try to respond to them as soon as we can.