MoneyPaks are no longer available for purchase, according to Green Dot. Customers now have the ability to load money onto their debit cards directly at participating retail locations.Continue Reading
Customers can bring cash and their prepaid debit card to any retailer that is participating in this program. From there, the customer gives the cash and card to the associate, and the card is swiped. There is a reload fee added to the total. The cashier then provides the customer with a receipt as proof of the reload. Cash is typically available on the card within 10 minutes of the reload transaction, says Green Dot.
Customers may soon have the ability to add cash through PayPal, says Green Dot. Customers need to select a retailer online, and a bar code is generated to be sent to the customer's smartphone to be printed. The customer then takes the bar code and cash to his selected retailer for the funds to be added. A reload fee also applies. The money is automatically deposited into the PayPal account, and the customer receives an email confirmation, says Green Dot.
Green Dot did away with its MoneyPak program due to fraud, says David P. Williams of App.com.Learn more about Credit & Lending