PayPal Debit Mastercard® Cardholder Agreement

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PayPal Debit MasterCard® Cardholder Agreement

PayPal Debit MasterCard® Cardholder Agreement Last updated on January 26, 2026

IMPORTANT – PLEASE READ CAREFULLY

Terms and Conditions/Definitions for the PayPal Debit Card

This Cardholder Agreement ("Agreement") outlines the terms and conditions under which the PayPal Debit Card (“Card”) has been issued to you by The Bancorp Bank, N.A., (“Issuer”). This Agreement supplements, but does not replace, the PayPal User Agreement, the PayPal Balance Terms and Conditions and other applicable agreements between you and PayPal, Inc. (“PayPal”). This Agreement is provided to you in electronic format pursuant to the Electronic Communications Delivery Policy (/webapps/mpp/ua/esign-full) that you accepted and agreed to when you opened your PayPal account. By accepting and using the Card, you agree to be bound by the terms and conditions in this Agreement, and any upcoming changes to this Agreement described on the PayPal Policy Updates Page at the time you accept this Agreement (which changes will apply to you on the indicated effective dates), as well as the terms of the PayPal User Agreement and the PayPal Balance Terms and Conditions between you and PayPal. “Card Account” means the account you establish with us for your Card, and includes the records that we maintain of the value available for transactions using your Card and of the transactions associated with the Card. “You” and “your” means the person or persons who have received the Card and are authorized to use the Card as provided for in this Agreement. “We,” “us,” and “our” mean the Issuer, our successors, affiliates, assignees and our third-party service providers.

The expiration date of the Card is identified on the back of the Card or by clicking the eye icon in the digital representation of the Card in your PayPal account. You agree to sign the back of the Card immediately upon receipt. The Card is the property of the Issuer and must be surrendered upon demand. The Card is a debit card. The Card is not a credit card. The Card is not for resale. You will not receive any interest on the funds available for transactions using your Card. The Card is nontransferable and it may be cancelled, repossessed, or revoked at any time without prior notice subject to applicable law. You agree that the Card will be used primarily for personal, family and household purposes only and not for business use. We may close the Card and the Card Account if we determine that it is being used for business purposes. We may refuse to process any transaction that we believe may violate the terms of this Agreement.

Our business days are Monday through Friday, excluding federal holidays, even if we are open. Any references to “days” found in this Agreement are calendar days unless indicated otherwise.

Write down the Card number and the customer service phone number provided in this Agreement on a separate piece of paper in case the Card is lost, stolen, or destroyed. Please read this Agreement carefully and keep it for future reference.

THIS AGREEMENT IS SUBJECT TO MANDATORY ARBITRATION PURSUANT TO THE FEDERAL ARBITRATION ACT. See Section 22 (Arbitration) below.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.