PayPal is widely used by Aussies for online transactions to buy or sell any good or services with full security. If you own a prepaid credit card that accepts PayPal funding, you can use your PayPal account to load funds onto your card. This makes transferring money from your PayPal account faster and more convenient than you might expect. It’s quicker than sending a check or waiting for a bank transfer, as these methods can often take up to seven to 10 business days to clear and become available.
But before you find as how to add funds to a prepaid card with paypal note that PayPal customers in Australia can only withdraw funds from their PayPal account to an Australian bank account or a US bank account. It’s not possible for Australian customers to withdraw funds using a card of any kind.
First step is to obtain a prepaid credit card from any one of the many vendors that offer them. Compare the fees for their use before you make a final decision about the one that meets your needs.
Next activate and register your prepaid credit card once you have received it. Visit the credit card’s website or call the Customer Service phone number on the back of the card to perform the activation. Provide the personal information that is requested.
Now request the account number and routing number of your prepaid credit card if you live in the United States. Obtain your card’s account number. Write this information down and keep it in a secure place.
Easily sign up for a PayPal account if you do not already have one. Log in to your PayPal account.
Now navigate to “Profile” and click on the link. Click on the “Update” link across from Bank Accounts.
Complete the financial details form for adding a bank account for the United States or the United Kingdom or the Australian bank. Click on “Add Bank Account.” Enter the prepaid card’s account number and routing number for a Australian or US PayPal account or its bank account/building society and sort code for a United Kingdom account.
Contact your prepaid credit card’s Customer Service department in up to five days and obtain the amounts of two very small test deposits that PayPal transferred to your card to verify it. Alternatively, log in to your credit card’s website, navigate to your account and check for the PayPal deposits there.
Log in to your PayPal account. Click on the “Get Verified” link found towards the top of the page on the “Account Overview” page. Enter the deposit details and review PayPal’s Direct Debit agreement
To Withdraw PayPal funds (Aussies cannot do in case or cards) “Transfer Funds to Bank Account” in the drop-down menu. Choose the account that your prepaid credit card is listed under from the “To” menu and then the amount you would like to transfer. Click on “Continue” and verify the transfer on the next page by clicking “Submit.”
Prepaid Visa cards give cardholders a convenient way to access their money. These cards don’t offer any credit, they don’t link to bank accounts, and they still manage to give you easy access to your funds as and when needed.
As an Australian and New Zealander customer you can use prepaid Visa card to fund your PayPal accounts. There has been a considerable growth in the prepaid card market over the last couple of years, which one can attribute to the diversity in the types of prepaid cards on offer.
People can now choose from options like general purpose spending reloadable cards, disposable gift cards, and cards for overseas travel. Travel cards that allow loading of multiple currencies and gift cards remain the most sought after. Many large corporate organisations are also turning to using prepaid Visa cards as incentives or loyalty rewards for their customers. Fujitsu General Australia, for instance, ran successful promotions using cashback on Visa prepaid cards.
Opportunities also exist for governmental agencies and departments to turn to prepaid cards for emergency relief disbursements and staff per diem. Such cards offer cardholders easy means to access electronic payment options. They tend to find favour with a number of people because not everyone wants, or can get, a credit card or a debit card.
Besides, getting a prepaid card does not require a customer to have an existing relationship with a card issuer. An extensive research that Visa carried out in Australia recently showed that customers are quite in favour of the prepaid card concept, especially when it comes to travel. The common perception is that prepaid cards offer increased safety when compared to carrying cash, and cardholders can withdraw local currency from ATMs the world over.
As of now Coles and Woolworths don’t accept prepaid Visa cards. Other than this, you can use your prepaid card just about anywhere you see the Visa logo, at ATMs and EFTPOS terminals alike. Visa finds acceptance in over 200 countries and territories, at more than 1.9 million ATMs and 30 million merchants.
MySpace prepaid Visa Card is the first prepaid card in the world that targets users of social networking sites. Nowadays, it is more common for the youth to download music from internet, as opposed to buying CDs from land casinos. The MySpace Prepaid Visa card gives them a simple way to shop online, and even buy games to play
Prepaid Visa cards bring with them the convenience that people typically associate with credit and debit cards, given that they give cardholders easy access to their money the world over. Remember that a number of financial institutions in Australia offer prepaid Visa cards, so it is ideal that you compare a few before getting any one for yourself. Also compare the fees and other terms and conditions before you use them.