Meshio.com - a Malaysia personal finance blog - Latest Comments in How to Withdraw Money from PayPal in Malaysia

Re: How to Withdraw Money from PayPal in Malaysia

elddaj — Tue, 13 Oct 2009 07:30:29 -0000

Yess!!! Al Rahji is works! Now I can withdraw money from paypal. My friend told me that Public Bank Debit card also can withdraw. Other card, best refer to http://mymerchantonline.blogspot.com

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Wed, 16 Sep 2009 15:57:40 -0000

MD, have you tried withdrawing?

For my case, I did not bother to 'Link and Confirm' my Debit cards, since I have no intention to add funds into my PayPal account. My experience also tells me that for most debit cards, you are not able to 'Link and Confirm' them.

So I don't recommend you to 'Link and Confirm' your debit card if you just want to withdraw funds out of your PayPal account.

Again, I would like to repeat: You don't have to 'Link and Confirm' your debit card if you just want to withdraw from your PayPal account. Just add the debit card into your account would do.

I have not used Public Bank's Electron Visa card, but I have heard from many friends who are using it and had no problem withdrawing.

Re: How to Withdraw Money from PayPal in Malaysia

MD — Tue, 08 Sep 2009 22:08:05 -0000

Hi Yowchuan,
I had done everything in accordance to what is mentioned here. But to my surprise, I found out that my monthly withdrawal limit is set by default to $0.00!
I want to withdraw money from Paypal and did the link and confirm of my debit card .When I did that it was written that they are unable to verify my debit card!! and ask me to enter another card. I only have this card .Is there any other way to resolve the matter.In a dilemma.

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Sat, 29 Aug 2009 01:26:39 -0000

Alwin, though I have not tried withdrawing with a Public Bank Visa Debit card, I should say the procedures would not differ by much. The fund in PayPal will end up in your Public Bank Visa Debit card account (after deducting the PayPal transaction fee and exchange rate imposed).

Any Public Bank Visa Debit card users who can shed some light on this?

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Sat, 29 Aug 2009 01:18:20 -0000

rayvin,

I think there has got to be some truth in that. Even with local banks, the consumers are bound to face with transactional issues. When a company grow this big, the number of complaints they get would also grow, and when it comes to money transactions, these problems are normally amplified, if not exaggerated in favour of the complainants.

To be safe, just try to keep your PayPal transactions for 'normal' transactions and if you are doing business using PayPal account, make sure all your paperwork and documents are always ready to proof your legitimacy.

There's not much you can do if they freeze your account except to follow their instructions to the letter. Remember when you signed up for their account, they did ask you to accept all the 'Terms and Conditions' in their usage policy.

I've not worked for PayPal nor represent PayPal, and my opinions are just based on my own experience.

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Sat, 29 Aug 2009 00:24:33 -0000

MD, No problem!

Re: How to Withdraw Money from PayPal in Malaysia

MD — Fri, 28 Aug 2009 21:07:50 -0000

Hi yowchuan,
Thx for ur advise.

Re: How to Withdraw Money from PayPal in Malaysia

Alwin — Tue, 25 Aug 2009 02:49:58 -0000

Hi there, yowchuan,

Do you have any related posts or links on how to use the Public Bank Visa Debit card for Paypal withdrawals? Would the process by similar to the al-Rajhi one?

What happens to the money on the card when it gets to Malaysia? Does it go into the bank account linked to the card?

Thanks

Re: How to Withdraw Money from PayPal in Malaysia

rayvin — Mon, 10 Aug 2009 20:24:24 -0000

Hi there,

I have heard of cases whereby Paypal freezes your account if you have too much money in it. How true us this? I read this from www.paypalsucks.com

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Mon, 20 Jul 2009 13:49:35 -0000

The charges for using PayPal are pretty straightforward.

1) When someone pays you, a transaction fee will be imposed by PayPal. The rate varies, but should be around 3-5% depending on your account type.

2) When you withdraw your money into a valid credit/debit card, there will be another fee imposed by PayPal which is the USD5.00 withdrawal fee. Hence, I would suggest that you only withdraw when you have accumulated at least USD500.

3) Finally, when the fund is transferred to your local credit/debit card, there'll be another fee, which is the forex exchange fee, which I think the card issuing bank would somehow incur additional fee above the normal forex rate during the transaction, which I find still reasonable. The only issue I have is that the exchange rates are not published by the card issuing bank.

MD, I think PayPal would be your best bet when it comes to international fund transfer. Of course they are other more cost-effective methods, but those would require that you have a substantial transaction volume on a regular basis.

Re: How to Withdraw Money from PayPal in Malaysia

MD — Wed, 15 Jul 2009 21:23:56 -0000

Hi,
I was planning to open a paypal a/c and wanted to know more of the process that I found ur site. Very helpful and frankly with the guidance above I know what I shld do first!
I am about to receive a payment from a canadian base company based in US.I had probs when banking in the check due to the charges incurred which exceed more then the amount that I received that am returning back the check.Finally planning to open a paypal a/c as advised by the company. Now my doubt is I have to go thru all those procedure up there, will there be something there in my a/c ?When I ask advise from the bank ,even they dont know.There naturally will be some charges from canada as well as US right.How much do u think ?? if I go thru paypal.Is it worth while?Would like ur advise on this.

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Fri, 26 Jun 2009 08:21:59 -0000

My primary card is the Al-Rajhi VISA ATM Debit card.

Re: How to Withdraw Money from PayPal in Malaysia

JJ — Wed, 24 Jun 2009 13:09:24 -0000

hi , izzit the primary card must be CREDIT CARD?
hong leong debit card can set as primary card for paypal?

Re: How to Withdraw Money from PayPal in Malaysia

jj — Wed, 24 Jun 2009 05:39:37 -0000

I just signed up Al Rajhi account.
The limit withdraw amount is 500.00 USD right? because now my accounting showing limit withdraw amount is 0.00 USD

Re: How to Withdraw Money from PayPal in Malaysia

jj — Tue, 23 Jun 2009 10:04:10 -0000

ya that will be great!

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Mon, 22 Jun 2009 12:16:48 -0000

Yup JJ, it normally takes about that length of time for the transfer of funds from PayPal to your card.

Re: How to Withdraw Money from PayPal in Malaysia

jj — Mon, 22 Jun 2009 10:03:47 -0000

Thanks for sharing us your fantastic experience. It's really helped a lots!!!

from my understanding, Public Bank is available for us to withdraw the money from Paypal?
it takes about 5-7 working days to transfer the money into my debit/credit card account after I verified my account from paypal?

hope to get your reply A.S.A.P.

email: jj.leehouse@gmail.com

thanks you very much!

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Sun, 21 Jun 2009 12:17:48 -0000

Bingo dude! It's actually as simple as that ;-)

Re: How to Withdraw Money from PayPal in Malaysia

Proglamour — Sat, 20 Jun 2009 13:38:32 -0000

Hi Yowchuan,
Can i make a clear statement here? (i guess, hehehe).

1) you need to register a credit/debit card with paypal as primary which is can be verify with paypal (its a must)
2) register your ATM Visa debit card Al-Rajhi with paypal as secondary, no need to verify ( for withdrawal purposed-currently max withdraw USD500)

For step 1 - you can use any credit card but not all debit card accepted by paypal.
For step 2 - there is few debit card accepted by paypal not only al-rajhi such as standard chartered ATM Visa debit card < call the bank to verify.

Money/Credit Transfer from paypal to credit/debit card takes 5-7 days.

I think this is clear enough, am i right?

Re: How to Withdraw Money from PayPal in Malaysia

jeanie — Mon, 08 Jun 2009 14:54:08 -0000

i don have credit so how am i going to apply for paypal?

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Sun, 07 Jun 2009 15:37:33 -0000

Confused,

1) I think not, as long as you have money, I think al-Rajhi would be glad to serve you even if you are 101 years old.

2) No, strictly, credit card is not the only way to withdraw your Paypal funds. You can opt for Visa Debit cards.

3) Yes, you do not need to verify your debit cards with Paypal to withdraw money to the card. You only need to verity your debit or credit cards when you want to top-up your Paypay fund. To rephrase, the verification process is only important when you want to deposit your money into Paypal. You do not need to go through the verification process if you are just withdrawing money to your Paypal.

Hope that clears your doubt, and please check with the Al-Rajhi branch to obtain the latest information on their policies.

Re: How to Withdraw Money from PayPal in Malaysia

confused — Sat, 06 Jun 2009 14:24:15 -0000

Okay,that was useful information.i think i might make a debit card as well.
But one thing to make sure:

1)So there is no age restriction in applying for al-rajhi debit card right?
2)Do u need a credit card(a primary card) just to withdraw money from paypal?
3)I'm confused when u sed that eventhough paypal dont recognize it(the al-rajhi debit card),we can still withdraw money from our paypal account and insert it in our debit card?

thx if u answered my questions.

Re: How to Withdraw Money from PayPal in Malaysia

Jobs — Sat, 16 May 2009 06:03:59 -0000

i cant verify my paypal using al rajhi. any tips on this?
no problem to withdraw though.

Re: How to Withdraw Money from PayPal in Malaysia

Samantha — Sun, 26 Apr 2009 12:50:37 -0000

hey there tomorrow im heading to bank to do all the procedure here.hope i can get the money.as for you right, how long it take for the money to transfer inside the card yea? the debit card is also a atm card right> means i can withdraw money and use it like credit card too right?
And i would like to ask,if i bring rm100 tomorrow for the procedure right, can i withdraw the balance out as well? means how much do i have to keep in the balance. by the way im a chinese malaysian. thanks for the help here yea.

Re: How to Withdraw Money from PayPal in Malaysia

yowchuan — Fri, 24 Apr 2009 06:32:10 -0000

Yup, no need to get it verified if all you want is to withdraw funds to your card.

If you want to top-up the credits in your PayPal account, then you will need to verify your card.

I don't think PayPal would have any problem with a MasterCard, but so far, I've only used Visa cards for my PayPal account.