Paypal ATM Card Holders: New Fees

Profile picture of the author LarryC by LarryC Posted: 03/13/2012
This isn't as bad as Paypal freezing your account with $10,000 in it, but it's annoying all the same. Today when I withdrew money from my local Chase bank using my Paypal ATM card, there was a message that there would be a $3 fee. This had never happened before, so I inquired at the bank. They knew nothing about it and suggested it must be Paypal's doing.

After a little research, I discovered that Paypal ATM cards are now being handled by a new bank, Bancorp. So it seems that there's no way to avoid a hefty withdrawal fee every time I use my Paypal card. Does anyone know if there are any ATMs that won't charge an extra fee for using this card? Those $3 fees will add up after a while.


The Bancorp Bank Is the New Issuer for the PayPal Debit MasterCard Card | Business Wire
#atm #card #fees #holders #paypal

  • Profile picture of the author nrmillions
    nrmillions
    There has always been a $3 fee when using a PayPal card at an ATM machine. It doesnt charge the $3 if you use it as a debit card in a store or online though.
  • Profile picture of the author LarryC
    LarryC
    There was never a fee if you used a Chase ATM. I'm not the only one who has noticed this. There are several messages on Paypal message boards about this. True, you can avoid the fee by using it for product purchases in stores.
  • Profile picture of the author gentryliving
    gentryliving
    I think the charge fee is still the same. It's been a long time since i used my paypal. That is why i don't know what's going on.
  • Profile picture of the author MartinBuckley
    MartinBuckley
    I only get charged $1 by PayPal to use my card at an ATM, plus whatever the actual ATM fee is which is normally $2, so its still $3, but if I had to start paying $5 to get money off my PayPal card i would stop using an ATM and get my money out at one of my local big grocery stores that dont charge for cash back.

    Martin
  • Profile picture of the author Kay King
    Kay King
    I just looked at two recent withdrawals - it allocates $303 but then gives $1 back to me and I end up paying $2.

    To me, it's worth the convenience but I can also transfer into my bank account for free. I did a transfer Friday and it was in my account this morning - 2 business days isn't bad at all.

    kay
  • Profile picture of the author CyberAlien
    CyberAlien
    Contact Paypal and get them to enable Auto Sweep for you - that will send you all your money to your bank every morning between about 3-5 and will bypass their security checks for large withdrawals.
  • Profile picture of the author LarryC
    LarryC
    Originally Posted by Chase Watts View Post
    Contact Paypal and get them to enable Auto Sweep for you - that will send you all your money to your bank every morning between about 3-5 and will bypass their security checks for large withdrawals.
    I never heard of that, will look into it. I always thought that Paypal didn't like people withdrawing all of their money.
  • Profile picture of the author cashtree
    cashtree
    Glad I don't have a paypal ATM card, google checkout or others need to keep growing, tired of PP.
  • Profile picture of the author DotComBum
    DotComBum
    All you can do is try to withdraw a larger amount to defy the $3 fee, hope that helps.
  • Profile picture of the author cashtree
    cashtree
    You can try and buy something cheap(like gum) using it as a debit/credit card, then just get cash back. Most joints don't allow a lot though, think cvs is $35, gas stations even less etc...but avoids the $3 fail fee.
  • Profile picture of the author ShawnSells
    ShawnSells
    Originally Posted by MartinBuckley View Post
    I only get charged $1 by PayPal to use my card at an ATM, plus whatever the actual ATM fee is which is normally $2, so its still $3, but if I had to start paying $5 to get money off my PayPal card i would stop using an ATM and get my money out at one of my local big grocery stores that dont charge for cash back.

    Martin
    This has been my exact same experience. The total is $3. But, even if it went up slightly, I'd still use it just due to the convenience.
  • Profile picture of the author LegitIncomes
    LegitIncomes
    I just go into a grocery store, buy a pack of gum or something else under a $1 that I'd buy anyway, and then get cash back. Of course this only works if I want to take out less than $100.
  • Profile picture of the author Black Hat Cat
    Black Hat Cat
    Originally Posted by cashtree View Post
    Glad I don't have a paypal ATM card, google checkout or others need to keep growing, tired of PP.
    Pfft. Who can argue with such (non)logic? It's not a Paypal debit card issue. Pretty much every ATM on the planet charges a fee for non-affiliated ATM cards, so are you tired of them too?

    There has always been a $3 fee when using a PayPal card at an ATM machine.
    It depends on which ATM you use. Paypal charges $1.00. Any other fees are charged by the owner of the ATM machine you're withdrawing your money from. If you get your money from a credit union ATM, they usually don't charge a fee, so you only pay the $1.00 that Paypal charges. And you don't have to be a credit union member to use their ATMs in most cases. I'm not.
  • Profile picture of the author BIG Mike
    BIG Mike
    Here are the official details:

    https://cms.paypal.com/us/cgi-bin/?c...DebitCard_full

    PayPal charges a $1 fee + whatever the owner of the ATM charges.

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