News

PayPal selects NetSpend as distribution manager, processor for prepaid MasterCard card

Wednesday 15 February 2012 13:55 CET | News

PayPal has selected NetSpend, a US-based prepaid debit cards provider, to distribute and process payments for the new PayPal prepaid MasterCard product.

In order to gain access to the card’s online functionality and capabilities, cardholders will have to link the PayPal Prepaid MasterCard to a PayPal account. For offline use, consumers can withdraw cash from ATMs and load money onto the card by direct deposit or at over 100,000 reload locations across the US.

In addition, the prepaid card also features an online Payback Rewards, an optional savings account, account alerts via text message and online budgeting tools.

The card is issued by The Bancorp Bank, a wholly owned subsidiary of The Bancorp.

Most recently, PayPal has been selected as the new payment option for News Ticketing platform Foxtix.
 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: PayPal, NetSpend, prepaid MasterCard card, online payments, The Bancorp Bank
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events