You will not receive any interest on the funds in your PayPal Cash Plus account. PayPal is not a bank and does not itself take deposits. You can get this status on your account by providing your bank details (account, credit or debit card) to PayPal. The PayPal Cash Card is a debit card linked to your PayPal Cash Plus balance. How do I confirm a debit or credit card that I've ... - PayPal A verified PayPal account means that the account is free of the restrictions placed on non-verified accounts, such as lower sending amounts and higher fees. The PayPal Cash Card is not a credit card.