If you clicked on this article you must be having the question “does Greenlight work with PayPal”. Keep reading to find out!
Greenlight is a financial service specially targeted toward Parents to manage their children’s finances. Parents can issue debit cards to their children, fund them and manage how they spend the money. This is particularly helpful when teaching kids about financial habits and investing.
Although Greenlight cards are MasterCard, there are several restrictions placed on them by Greenlight and Parents. So, if you are trying to connect Greenlight with PayPal, it will get connected, unlike Venmo and CashApp, but it does not work differently than using the card directly. Greenlight cards issued to minors(Below 18 years) can be connected to Paypal, but they cannot use it like any other debit card.
These cards can only be used as a funding source for their purchases, not to load the balance on PayPal. On top of that, any minors below 18 years are not eligible to have their own PayPal account.
Although you can use Greenlight to connect to the Parent’s PayPal account and use it to pay for goods and services, you cannot transfer back the money unless it is a refund. Greenlight will also subject you to the same restrictions on paying through PayPal as using the card directly.
Does Greenlight Work With PayPal?
The answer to does Greenlight work with PayPal is – Yes, but only as a funding source for payments. Funds cannot be transferred to the card (Unless it is a refund from your purchase). The Greenlight cards are also intended to be used by minors who cannot have their own PayPal account. So, you can only use the cards in an adult’s PayPal and also as a funding source.
Even after connecting the Greenlight card to PayPal, you will be subjected to the same rules as spending with the card directly. So, if you plan to skip these restrictions, unfortunately, it will not work.
Greenlight explicitly says they cannot receive direct deposits from sources such as PayPal and only from the child’s employers or Parents.
Ultimately, you can conclude that Greenlight does not work with PayPal like any other card. You can only use it in places where you already use the Greenlight card. But do not worry; we have you covered.
How To Use PayPal With Greenlight? [Best Solution]
If you have some business or your employer pays you via PayPal, it is a tricky situation that you cannot transfer that money to your Greenlight card directly. This is because Greenlight explicitly says that it does not receive direct funds from other sources such as PayPal and only from employers and Parents.
If you want to use your PayPal with Greenlight without any restrictions and wonder does Greenlight work with PayPal directly, well, it does not. But you can use an alternative way to do so. The alternative way is to use a Bank account in between. This process does take some time but does work with ease.
All you need for this process is a valid bank account, PayPal account, and Greenlight Parent’s Dashboard. Once you have access to these three things, you can proceed to transfer your PayPal balance to your Greenlight card.
How To Transfer PayPal Balance To Greenlight?
Transferring the PayPal balance to Greenlight card may take some days, as with any other payments using a banking system. You must follow the exact steps described in this article in the same order.
- First, connect your bank account to your PayPal account.
- Then, Transfer the fund from PayPal to your bank account.
- Now, Connect your Bank to Greenlight and fund it.
- Finally, transfer the fund to the Greenlight card.
So, let’s start with the stepwise process of transferring your fund and figuring out how does Greenlight work with PayPal indirectly.
Connect Bank Account To PayPal
To connect your Bank account to your PayPal using your computer, follow the steps below:
Step 1: Open the PayPal website on your computer.
Step 2: Go To Wallet by clicking the wallet icon on the top bar of the screen.
Step 3: Now, click ‘Link Bank Account’ on the top of the screen.
Step 4: Next, select your Bank. If you have a different bank other than the listed one, click ‘I have a different bank.’
Step 5: Now, you have to input your bank details.
Note that if you’re adding a bank account, it will take two to three days to complete as PayPal will deposit small amounts into your account that you will have to enter via the PayPal website to confirm you own the account.
After completing the process above, you will successfully connect your bank account with PayPal. Now you can transfer the funds to your bank account from the PayPal wallet.
Transfer Funds To Bank Account From PayPal
To transfer the funds from your Bank account to PayPal using the Mobile app, follow the steps below:
Step 1: Open PayPal App and log into your account.
Step 2: Click On’ PayPal Balance’
Step 3: Tap Transfer Money.
Step 4: Tap Bank Account You Connected Earlier And Tap Next
Step 5: Enter The Amount You Want To Transfer And Tap Next
Step 6: Confirm The Transfer By Tapping’ Transfer’
After the steps, you will successfully transfer the fund from your PayPal wallet to your Bank account.
Connect Your Bank Account To Greenlight
Once you are done with PayPal Transfer, you can start connecting your Greenlight with your bank account. Follow the steps below to connect the bank account and understand how does Greenlight work with PayPal.
Step 1: First, open the Greenlight app on your phone.
Step 2: Now, log into your Greenlight account.
Step 3: From the home screen of Greenlight app, click the settings icon on the right side. It will take you to the settings screen.
Step 4: Select the option’ Funding Accounts’ from the Settings menu list.
Step 5: You will see any other accounts you have connected to fund the Greenlight wallet. If the bank account you want to connect to is not on the list, click the ‘Add A Funding Account’ option.
Step 6: Now, tap to choose “Add A Bank Instantly.”
Step 7: Click the ‘Get Started ‘button to link your Bank to your Greenlight account.
Step 8: Now, choose the Bank Name you want to connect to your Greenlight wallet.
Step 9: You will be asked to enter the bank information. Input the needed information.
Note: Confidential information sharing like Bank account linking and Fund Transferring should not be done in public WiFi. Make sure it is a private network.
Step 10: Now, you have to choose the verification method through which Greenlight will verify your bank account ownership.
After you choose the verification method, Greenlight will send a verification code to you.
Step 11: Once you receive the verification code, input it on the screen, and Greenlight will instantly verify your Bank account.
Step 12: After verification, the app will direct you to the Parent dashboard’s transfer tab on Greenlight.
You can now easily withdraw funds from the bank account to your Greenlight wallet. Just input the desired amount and click continue.
Note: Once you load the fund, it will take 2-3 business days for the fund to arrive at your Greenlight account.
Transfer The Fund To Greenlight Card
Once you have understood how does Greenlight work with PayPal, and added the fund to your Greenlight wallet, you can now transfer the fund to your children’s card. Follow the steps below to fund the Greenlight card.
Step 1: Open the Greenlight Parents Dashboard on your app.
Step 2: Now scroll down and tap “Send $” next to the child you’d like to send money to.
Step 3: Now, first choose where you want the money to go, i.e., Spend Anywhere, General Savings, Giving, or you can add a Spend Control for specific types of stores. Also, choose the source of the fund as the parent’s wallet.
Step 4: Enter the funding amount and tap “Move Money.” You can also choose ‘Other to enter your desired money.
After all these steps, you will successfully move the Funding from PayPal to Greenlight card and figure out how does does Greenlight work with PayPal.
PayPal: A Brief Overview
PayPal is a peer-to-peer payment service that works worldwide. It is one of the world’s largest and most used payment services. You can link your bank, debit, and credit cards to your PayPal account.
PayPal has its wallet where you can load funds, receive, and spend. The wallet can hold different currencies, giving you flexibility on which currency you want to store your cash. PayPal works under strict regulations from national and international financial regulations and can have different requirements for usage in different countries.
It is much easier to use PayPal as your payment service due to its worldwide presence and massive user base. In addition, instant payments also make PayPal attractive as a platform for businesses and personal use.
Frequently Asked Questions (FAQs)
1. How To See Your Card Number On Greenlight App?
To see your card number on Greenlight app, first, go to the dashboard and click manage card. Next, click view card information and provide authentication (Password, Face ID, or Fingerprint). Once you authenticate, the app will show you the card number.
2. Do You Need A Bank Account For Greenlight?
No, you do not need a bank account to use Greenlight. However, you do need a source to fund Greenlight. The source can be a debit/credit card or a bank account. You cannot use Greenlight without a funding source.
3. Can You Use Greenlight Card At The ATM?
Yes, as Greenlight card is a Mastercard, you can always use it at the ATM. However, the parents should not have restricted the usage of ATMs. If parents place any restrictions on the card, it will override any usage online or offline.
Therefore, Greenlight does not work with PayPal like other cards. You can connect the card to PayPal but can only use it as funding for your purchases and cannot be sent money to the card. Even if you connected the card on PayPal, your purchases would still be subjected to the regulation by Greenlight and restrictions placed by your Parents.
In the end, you can use greenlight cards on PayPal no different than using the card directly, as you will not be able to bypass any restrictions. Hope we have answered your question on how does Greenlight work with PayPal and provided you with valuable information.
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