Transferring money from Paypal
to a prepaid card.

Unsurprisingly, we do receive many questions from consumers asking if prepaid credit cards are accepted on adult content websites and dating sites etc.

We are frequently asked if any prepaid cards on the market allow users to transfer money from their paypal account onto a prepaid card.

The general answer has always been an unfortunate “no”, as paypal require a bank account to be registered to enable this transfer.

Whilst the majority of prepaid card issuers will provide you with a bank account number and sort code to enable you to transfer money into your prepaid account, these bank details are not unique to the cardholder, and are simply the prepaid card issuers corporate bank details to which BACS transfers may be made.

Funds are then received in this bank account, and transferred to your prepaid card (using a card number as a reference.)

Whilst you may think that you could simply register these bank details with paypal, you would be incorrect, as when you register bank details, paypal check to see if these details are registered against any other users on paypal. And of course, someone (if not the prepaid issuer themselves) will have beaten you to it!

So, we are back to square one, where a prepaid card is great for registering on a paypal account to make purchase, but not for withdrawing funds.

However, things are set to change with the launch of a new prepaid card called CardOne.

Its not the cheapest prepaid card on the market, but will suit some customers, as has one key difference.

Not only will you receive a fully branded CardOne prepaid MasterCard, but you will also receive a OneBanking Bank account with a sortcode and a unique account number that is specific to the account holder.

You can register the CardOne prepaid MasterCard on paypal to make purchases, but also register the bank details, which allow you to withdraw funds from your paypal account.

For example, you could register a MasterCard in your paypal account using the CardOne prepaid card, and also register the OneBanking bank account, using the bank details also provided.

You could then make purchases on ebay using paypal as your payment method (which will use your CardOne prepaid card as a funding source), but more importantly…

You could also sell an item on ebay, have the buyer pay you via paypal, and then transfer the money from your paypal account to your OneBanking account, which is linked to your prepaid card. – Simple!

Last Updated: 10th June 2008

The following table compares prepaid cards that can be used to register for paypal, but also enable customers to withdraw funds from a paypal account.

All Prepaid Cards | Cards for under 18's | Prepaid Gold Cards | Prepaid Travel Cards | Pay As You Go Prepaid Cards

Prepaid Card Issuer	Card Type	Card Issue Fee	Card Fees	Maximum Balance	Key Benefits
CardOne Prepaid Card	Chip and Pin	£30.00	Monthly Fee = £12.50 UK ATM Fee = Free Exchange Rate Fee = 2.75% (only applied where transaction is performed in a different currency to the card currency)	£5000 - In your CardOne Prepaid account £25,000 - In your OneBanking Bank Account (linked to your prepaid card)	-Accepted at 28.6 Million Locations -Withdraw funds from Paypal.

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