Notice something in Paypal? This is a good news to all of us! We do not need Accent card, VMI card, E-trade or whatever anymore! You just need to use your credit card or debit card with MasterCard or Visa logo to withdraw your money!
Cool… They charge USD5 per transaction. At least it’s safer and under your control unlike those cards which I don’t really trust them untill now as I heard of many stories about account being suspended and all those torublesome processes that you have to go tru’ to re-activate your account though they got their accounts back still I hate going tru’ the whole process in case I’m that unlucky. This explains why I don’t apply for any untill now. Besides, I have ways to get my money from my Paypal without withdrawing it(top secret 😛 cannot tell you how hehehe…), also I don’t have that much fund in there so no point to withdraw also. You’ve probably heard a lot about Paypal yourself but may not be entirely sure what you think. If you are looking to purchase things online, perhaps you want to some electronic equipment then Paypal is a great thing to use. You’ll like the stability it offers you and how safe it makes you feel when you are buying and selling online.
See the screeshoots below…
When you click on “Transfer funds to your card”, you will be redirected to a page called “Withdraw Funds to your Card”. Withdrawals to your card must meet the minimum withdrawal amount which is USD10 (depends on the currency). If you are withdrawing to a prepaid card, the amount that you can withdraw might differ from your PayPal account withdrawal limit.
We tested it with Jimmy’s(for Chinese version) Alrajhi Bank debit card that he got from applying for their current account. For the time being, we will test with debit card, when this transaction is completed and make sure that we got our money, we will test it with credit card.
Since it’s first time withdrawal, card details need to be added. Debit Cards, Check Card, ATM Cards or Banking Cards are accepted as long that they have a Visa or MasterCard Logo.
Key in the value after you successfully added the card.
Then you will see the summary before you confirm the transaction.
It will take 5-7 business days. We will see how by then… By the way, you can only withdraw USD500 per day. I don’t have this amount of money per day hahaha… If I have… WOW! I’ll be a millionaire soon! 😛
Remember! Credit card version coming up! Hehehe…
You can also read about it at Paypal: Malaysians Can Withdraw Funds From Paypal Now! (Part 1), in fact I published it in Money Money Come before this blog 😛
cool!! Now this is something exiting!!
Now at least I can buy something I like in Seberkas 😛
cdason, hahaha… yeap… However, you also have to calculate carefully, as per transaction is USD5, so imagine you withdraw once a month(USD5x12) for a year, if your amount is big, it’s OK, quite worth it, if amount to withdraw is little, it’s a bit wasted.
This is definitely good news for Malaysians. Cool. Keep us updated.
The Malaysian Life, sure.. as I’m also waiting for it hehehe…
Cool! Does this works with the prepaid master card by ambank and mol ?
Not sure yet but heard that MOL might not be able to use. We will have to see whether this debit card works or not, so far the first stage is OK, we’ll see how in later stage.
Wooo good news. But need a certain amount of money only worth it.
PG, yea… need certain amount then worth it hahaha… Too little cannot also.
Lol.. I think it shouldn’t really be a problem as funding from PP to your credit/debit card. The balance will show up basically 3-4 working days (well that’s what happened to me :P) I tried using MOL and it works like a charm… But please be aware that Paypal will be very strict on this and probably might call you up to verify certain information. happened to a friend of mine whereby he uses his sister name, and to cut the long story short.. His account got suspended. For those who have not been able to withdraw, this is a good start.. Probably if you can accumulate prolly 500, and withdraw one time to ur debit card it would be worth it 😛
It’s not a big deal that PP will call up to verify, it’s good actually, this means they are doing their job to make sure your account is not hacked. Also, better to use your own card instead of using other’s. MOL can work? That’s good, the other card from AmBank can’t work hahaha… It’s best to withdraw if you have a big sum of money else it’s kinda wasted and not worth it.
Can ATM card cash out the Paypal money? PBB, HLB, MBB which bank’s ATM card can be used for this purpose?
建议安装 Subscribe to Comments 插件哦，人们才能够在第一时间知道你已经回复了！
心想事成的秘密, again like I said, we only tested it with Alrajhi Bank Debit Card, it’s impossible for me to tell you the other cards work or not, it’s up to you to test it yourself if you have those cards since your blog is related to being successful in the Internet and you should also test and blog about it. Thanks for your suggestion about subscribing to comments, you posted everywhere.
I promote Subscribe to Comments bcoz it is easier to follow-up comment
Thanks 🙂 I doubt that not many ppl will subscribe it hahaha… Maybe you will. As far I as I know, I won’t and when I accidentally subscribe to other ppl’s, it’s quite annoying for me that’s why I don’t install it. Maybe some people like but not me hahaha… I know some templates already have it build-in. So if it’s built-in already then I don’t really care. If it’s not built in, I won’t install it unless I like it hahaha…
Hi Irene,
Hot news here. I saw the link when I was withdrawing, I blogged but did not PING PPS. Don’t have time for that 😀
USD5 per USD500 withdrawal is what I am getting now, however, if you need to pay fees or get lower exchange to receive funds then it is not worth it for me.
Anyway, good luck and keep us posted, bearing in mind the Qs I posted on my blog 😀
cyberpartygal, hahaha… Good that you have PPS to ping, I don’t have anything to ping LOL… So you are testing it also hahaha… We will just have to se what else of charges they will charge, so far already charge RM1
withdrawal to debit card is ok. but withdrawal to credit card… how are you going to withdraw the money and use? cash advance?
somethings you can use credit card and buy but not everything.
is there any debit cards feeds from al rahji?
I went to check out from the PayPal sites and confirmed on this.
In need a great news not only for Malaysians. These is available for 25 other Asia Pacific countries as well.
I have posted the details in my blog, you can tell you other friends who are in the countries list on the good news.
wilson, withdraw to credit card is quite stupid hahaha… But he insists on trying it out after this for the sake of blogging LOL.
who? jimmy chin?
i’ll probably just check up on the debit card thing.
jst worried if they would suspended my account again when i use another withdrawal option
Wilson, hahaha… it’s up to u 😛 Pretty risky really…
Public Bank Debit CArd can use onot?
Monkey, yes, got people tried with it and it got tru’
Don’t use MOL card. It didn’t worked and now my card got blocked -_-” Gone against some Mastercard policy. So yeah…
WAH! Got tru’ first stage and after that got blocked -.-“
Thanks for the valuable info. Now, I will proceed to your second part.
this is wat i want..haha..finally……I can withdraw without a singapore bank account~
jam, Kenneth, good 🙂 Glad that you guys find it helpful.
sure is useful this post. thats what i call a link bait… 😀
WAKAKA… XD
But if you only have $10, and then the fees $5, then your left with $5. Haiyo…like that kenot tahan la… lol.
Ren, who ask you to withdraw so little money, it’s not worth it LOL… Must know how to calculate also not withdraw buta buta 😛
In my opinion being given the ability to withdraw money from Paypal with a Debit card is heaven sent. And of course if you only have USD$5 in Paypal and insist to withdraw – you’re literally giving charity to Paypal. LOL. (might as well transfer it to me…i’ll even spend you few teh tariks).
Hint: you may want to combine amount with your friends who has Paypal to reduce withdrawal costs.
Anyway the USD$5 fee is quite reasonable. If you have cashed in USD cheques before, it takes about a month or more to get your hands on the cash. Though bank fees (for some banks) may be lower, it’s definately worth it….nothing beats seeing for real, the extra 0’s in your bank account compared to 0’s on chq paper. Quicker and with less hassle.
With truckloads of opportunity to earn tons of cash via the Internet medium, and being able to finally ‘touch’ the cash (at least with Paypal), life is certainly getting better each passing minute.
BTW, you can even start earning money now with Paypal, when you share this insightful report on “Why most Internet Marketers fail in their business” http://www.SunnyTung.com/e-myth.html