A new PayPal-branded prepaid product introduced Thursday provides consumers the ability to convert cash into online funds without using a traditional bank account or payment card.

The PayPal My Cash Card is a private-labeled, single-use reload token developed with the Atlanta-based prepaid card and technology provider InComm. It can be purchased in denominations ranging from $20 to $500 at more than 30,000 retail locations of five pharmacy and dollar store chains in the U.S.

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