The network ensures that the transaction is authorized, verified, and settled securely and quickly. When you use a Mastercard to make a purchase, the transaction is processed through the company’s network, which connects banks, merchants, and other financial institutions.

Mastercard offers a range of products and services, including credit cards, debit cards, prepaid cards, and other payment solutions. The company was founded in 1966 and is headquartered in Purchase, New York, United States. Mastercard is a global financial services corporation that operates a worldwide network for processing electronic payments. How to apply for a Mastercard Credit card.Difference between Visa and Master Card.FDIC insurance does not protect you against the failure of PayPal. dollar PayPal Balance funds are eligible for FDIC pass-through insurance up to applicable limits only if you have opened a PayPal Debit Card account, have enrolled in Direct Deposit, or have bought or received cryptocurrency. You will not receive any interest, credit, or other earnings on the funds in your PayPal Balance account. PayPal is not a bank and does not itself take deposits. is the issuer of the Card only and is not responsible for the associated accounts or other products, services, or offers from PayPal. The Card may be used everywhere Mastercard is accepted. The Bancorp Bank, N.A. This is a debit card linked to your PayPal Balance account and is not a credit card. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The PayPal Debit Mastercard® is issued by The Bancorp Bank, N.A., pursuant to a license by Mastercard International Incorporated. The merchant can still collect the money at any time. At this time, any money that was placed on hold is credited back to your PayPal Balance account. The merchant did not collect the money within 4 days. Canceled Transfer – This is found in the details of the expired authorization.The authorization is still available for the merchant to capture the money and complete the transaction. If the merchant does not collect the money, they are released back into your PayPal Balance account.

Expired – This appears 5 days after the authorization was initiated.

The money has been credited to your PayPal Balance account.

Debit Card Credit Received – This means that the merchant has issued you a refund.

Completed – Your debit card purchase has completed.

This releases when the payment is completed. Placed – A temporary hold has been placed on the money in your account for a purchase.See “Expired” and “Completed” status definitions below. Check back in a few days as the “Pending” status will likely change to either “Expired” or ‘Completed”. The merchant (typically gas stations) will send out a small inquiry to make sure that you have the money available.The merchant uses the hold as an authorization, as is the case when you check into a hotel.It can take up to 7 days for money to move from your PayPal Balance account to the merchant.Pending - A debit card purchase can be Pending for these reasons:.You can also print your statements by selecting Statements in the top right corner of your Activity page. Select the payment to see further details. You’ll see the recipient, payment date and payment amount. You can view your transaction history on your Activity page.

Mastercard transaction history