PayPal has become the most popular online financial tool to use, and MasterCard is a very popular credit card to use.
If you use MasterCard, PayPal, or both, and would like to know how to use them together and if you can transfer money from your credit to your PayPal account, I did some research and this is what I found!
Can I Transfer MasterCard to PayPal In 2023?
PayPal doesn’t have an option to transfer money from Mastercard to your PayPal account in 2023. However, you shouldn’t need to transfer money from your card, because you can use it to pay for anything through PayPal as long as it’s linked to your account. Additionally, PayPal and MasterCard have created PayPal CashBack Mastercard and PayPal Extras Mastercard.
If you want to learn more about what PayPal Cashback Mastercard and PayPal Extras Mastercard are and more, then read on!
Can I Transfer Money from MasterCard to PayPal?
Unfortunately, PayPal doesn’t have the option to transfer money directly from your credit card into your PayPal balance.
However, as long as your credit card is linked to 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 have the option to earn “Cash Rewards.”
These rewards can be transferred to your PayPal balance, bank account, or debit card.
Furthermore, to add money to your PayPal balance, use the following method:
- First, log in to your PayPal account
- Then, click “Add Money”
- Next, select an option, you can select
- “From your bank”
- “At a store, with cash”
- “With Direct Deposit”, or
- “Cash a Check”
- Finally, follow the directions it gives you and finalize the transfer
Additionally, if you have the PayPal Cash Card, you can also use that to add money to your PayPal balance.
What Is the PayPal Cashback Mastercard?
PayPal Cashback Mastercard is a PayPal credit card, partnered with MasterCard, that works anywhere MasterCard is accepted, online, in-store, or for purchases on PayPal.
Furthermore, it offers you the ability to earn 2% “Cash Rewards” on all purchases that can then transfer into your PayPal balance, bank account, or debit card.
Additionally, the card offers you the safety features of PayPal, such as “Identity Theft Protection”, and the benefits of Mastercard.
An additional piece of information to note- you can only have one PayPal MasterCard option, either PayPal Cashback Mastercard, or PayPal Extras Mastercard.
What Is the PayPal Extras Mastercard?
PayPal Extras Mastercard is also a PayPal credit card, partnered with MasterCard, that works anywhere MasterCard works, which includes online, in-store, or PayPal purchases.
Moreover, the difference between the two is that PayPal Extras offers you the ability to earn “Rewards Points” on all purchases, not just “Cash Rewards.”
Furthermore, with PayPal Extras, you can redeem your rewards points into gift cards, merchandise, travel vouchers, or cashback.
Additionally, the cashback can also be transferred into your PayPal balance, bank account, or debit card, just like PayPal Cashback.
Additionally, as stated above, you can only have one PayPal MasterCard option, either PayPal Cashback Mastercard, or PayPal Extras Mastercard.
Why Is My MasterCard Not Working on PayPal?
Unfortunately, if your credit card is not working with your PayPal account, there are a couple of possible reasons, such as the following:
- Your address or name on your card doesn’t match your address or name on your PayPal account
- You haven’t confirmed your card
- Your card is linked to more than one PayPal account
- You have reached your card limit, or
- Your card issuer, MasterCard in this case, has declined the charge
Furthermore, to solve this issue, first, you should check your address and name on your card and your PayPal account to make sure they match.
If they do not match, you need to correct that either in your PayPal account or by calling MasterCard.
Next, you should check to make sure you properly and fully link your credit card. This means to make sure you confirm your card and all the information is correct.
Additionally, if you have more than one PayPal account, make sure your card is not linked to another account.
Moreover, you should call your credit card company, MasterCard, and make sure you have not reached your card limit, and that they didn’t decline the charge for any reason.
Finally, if you have checked all the other issues, and your card still isn’t working, try using another payment method.
How Can I Withdraw Money from my MasterCard?
Fortunately, even though you cannot transfer money directly into your PayPal balance, MasterCard has the option to withdraw money at an ATM.
Furthermore, to withdraw from an ATM using MasterCard:
- First, you can locate a MasterCard ATM by using the MasterCard ATM Locator
- Next, insert your card into the ATM
- Then, enter your PIN
- If you don’t know your PIN, there will be a number to call on the back of your MasterCard to receive your PIN
- Last, follow the instructions and prompts on the screen to withdraw your money
Additionally, any fees that the ATM charges will be displayed when finalizing your withdrawal.
Unfortunately, PayPal doesn’t give its users the option to transfer money from a credit card to their PayPal balance. Fortunately, PayPal now has a PayPal Cashback Mastercard and PayPal Extras Mastercard.
Furthermore, the only ways to add money to your PayPal balance are by transferring money from your bank account, cashing a check, direct deposit, adding money from a store, or using your PayPal Cash Card.