Mastercard to PayPal (can you withdraw money to PayPal + other FAQs)
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PayPal has become the most popular online financial tool, and MasterCard is a very popular credit card.
If you use Mastercard, PayPal, or both and want to know how to use them together, and if you can transfer money from your credit card to your PayPal account, I did some research and this is what I found!
Can I transfer Mastercard to PayPal in 2022?
In 2022, PayPal cannot transfer funds from Mastercard to your PayPal account. However, you don’t need to transfer money from your card as you can use it to pay anything via PayPal as long as it’s with your account. In addition, PayPal and MasterCard created the PayPal CashBack Mastercard and the PayPal Extras Mastercard.
If you want to learn more about PayPal Cashback Mastercard and PayPal Extras Mastercard, keep reading!
Can I transfer money from Mastercard to PayPal?
Unfortunately, PayPal cannot transfer funds directly from your credit card to your PayPal balance.
However, as long as your credit card is associated with your PayPal account, PayPal can use it to pay for any of your purchases.
Additionally, if you use the PayPal Cashback Mastercard or PayPal Extras Mastercard, you may choose to earn “Cash Rewards”.
These rewards can be transferred to your PayPal balance, bank account or debit card.
Additionally, to add money to your PayPal balance, use the following methods:
- First, log in to your PayPal account
- Then, click “Recharge”
- Next choose an option, you can choose
- “from your bank”
- “In the store, there is cash”
- “Direct Deposit”, or
- “Cash a check”
- Finally, follow the instructions it gives you to complete the transfer
Additionally, if you have a PayPal Cash Card, you can also use it to add money to your PayPal balance.
What is PayPal Cash Back Mastercard?
The PayPal Cash Back Mastercard is a PayPal credit card partnered with Mastercard that can be used anywhere Mastercard is accepted, online, in-store, or when shopping with PayPal.
Plus, it enables you to earn a 2% “Cash Bonus” on all purchases, which can then be transferred to your PayPal balance, bank account or debit card.
Plus, the card gives you the security features of PayPal, like Identity Theft Protection, and the benefits of MasterCard.
Another piece of information to note – you can only choose one PayPal MasterCard option, PayPal Cashback Mastercard or PayPal Extras Mastercard.
PayPal Extras Mastercard is also a PayPal credit card that works with MasterCard and can be used anywhere MasterCard works, including online, in-store or PayPal purchases.
Also, the difference between the two is that PayPal Extras allows you to earn “Rewards Points” on all purchases, not just “Cash Rewards”.
Plus, with PayPal Extras, you can redeem your reward points for gift cards, merchandise, travel vouchers, or cash back.
Additionally, cashback can also be transferred to your PayPal balance, bank account or debit card, just like PayPal Cashback.
Also, as mentioned above, you can only have one PayPal MasterCard option, PayPal Cashback Mastercard or PayPal Extras Mastercard.
Why doesn’t my Mastercard work with PayPal?
Unfortunately, if your credit card doesn’t work with your PayPal account, there may be several reasons:
- The address or name on your card does not match the address or name on your PayPal account
- You have not confirmed your card
- Your card is linked to multiple PayPal accounts
- you have reached your credit card limit, or
- In this case, your card issuer, MasterCard, has declined the charge
Also, to fix this, first, you should check the address and name on your card and your PayPal account to make sure they match.
If they do not match, you will need to correct them in your PayPal account or by calling MasterCard.
Next, you should check to make sure you link your credit card correctly and fully. This means making sure you confirm your card and all the information is correct.
Also, if you have multiple PayPal accounts, make sure your card is not linked to another account.
Also, you should call your credit card company Mastercard and make sure you haven’t hit your credit card limit and they haven’t declined the charge for any reason.
Finally, if you’ve checked all other issues and your card still doesn’t work, try another payment method.
How do I withdraw money from my Mastercard?
Fortunately, even if you can’t transfer money directly to your PayPal balance, Mastercard has the option to withdraw money at ATMs.
Additionally, to withdraw money from an ATM with a Mastercard:
- First, you can use the MasterCard ATM Locator to locate a MasterCard ATM
- Next, insert your card into the ATM
- Then, enter your PIN
- If you don’t know your PIN, you can call the number on the back of your Mastercard to receive your PIN
- Finally, follow the on-screen instructions and prompts to withdraw money
Additionally, any fees charged by the ATM will be displayed when you complete the withdrawal.
To learn more, you can also read our post on Mercari PayPal, How Long Does a PayPal Refund Take, and Visa Gift Cards to PayPal.
in conclusion
Unfortunately, PayPal does not give users the option to transfer money from a credit card to their PayPal balance. Fortunately, PayPal now has the PayPal Cashback Mastercard and the PayPal Extras Mastercard.
Also, the only way to add money to your PayPal balance is by transferring money from your bank account, cashing a check, direct deposit, adding money from a store, or using your PayPal Cash Card.
