People use Moneypak for two good reasons: to avoid check-cashing fees and the need for a prepaid card, and to avoid linking their PayPal accounts to their personal checking account. But what really is MoneyPak and how does it work?
MoneyPak is a service provided by “Green Dot Corporation” which makes it easier for friends and even family members to reload prepaid cards. In other words, it allows you to add money to an eligible card. However, not all cards are eligible for it. And it can’t be used in paying bills, funding online accounts, or even adding funds to PayPal. MoneyPak only works with the prepaid cards which were activated and they were personalized with the name of the recipient.
What Green Dot Can Do
Because of the overdraft fees that are taken by banks, Green Dot Corporation came up with something totally different – a reloadable prepaid debit card. Their goal is to empower everyone to have more control and access over their own money. By having people use Green Dot cards, they run this special promotion to reward them wherein people can get their money back – thanks to a 5% cash back.
How to Use MoneyPak
- Buy MoneyPak. Determine if the card you’re using accepts MoneyPak. If yes, then continue with the purchase. Buy MoneyPak online or at any retail store. Then, scratch the number at the back of the package so you can already start.
- Create a login. The first time you visit www.moneypak.com, you’ll be asked to create a secured MoneyPak login. Just like other card services, it will require your personal information to set up a profile. You may even be asked to send a copy of any valid ID.
- Finish the Transaction. To complete the deposit, you’ll need to key in the MoneyPak number together with the 16-digit card number. Funds can only be deposited to a prepaid card as long as it meets the eligibility requirements.
The prepaid cards must have the name of the cardholder, too. As soon as a card is used, it will automatically be saved to your profile. After that, you can already make reloads faster and easier next time
Other Ways to Use MoneyPak
The number of eligible cards keeps growing and growing. Now, it can also be used to add funds to a lot of MasterCards, Visas, and Discover cards. Always make sure to keep checking if it accepts your other personal cards.
Where to Buy
MoneyPak is accepted in the entire country so it shouldn’t be hard to buy one. However, if you’re ever stuck in that situation where you don’t want to buy it online but you also don’t know which store to go, Green Dot’s website can be a great help. Just locate the “How to Buy” link and you’ll be redirected to a map of your current location.
You’ll only need to enter your current zip code and then select the appropriate filter. The map will show you the results. The numbered purple circles are the locations where you can buy Green Dot MoneyPak.
Buying MoneyPak can be done at a store or by going to MoneyPak.com if you need a MoneyPak to reload for your card. For you to make sure that your card is accepted, then check its eligibility first.