October 1, 2007
PayPal Allow More Countries on Local Withdrawal Option??
I was informed by my Internet Marketing buddies, Sean Tan & Matt Ng on the PayPal withdrawal issue. Right now, PayPal allow Malaysians to withdraw into your credit, debit or prepaid cards. Indeed it is a good news which PayPal didn't announce it over the weekend. This is a long await moments when most of the Malaysians who are make a living online (especially newbies) are eagerly to find out the solution to withdraw their PayPal funds.
I went to check on PayPal website and trying to find out whether is there any official press releases on this news (eventually I can't find any). However, in the PayPal official website has updated the info and this good news is NOT only for Malaysian but 26 other countries.
Seems like PayPal is open up this option and allowing more coutries to be able to withdraw locally. We are looking forward to PayPal will be able to allow to withdraw into our local bank one day.
What are you waiting for? If you haven't start using PayPal as an option to accept payment for your online business, sign up a PayPal account today.
Popularity: 34% [?]
26 Comments on PayPal Allow More Countries on Local Withdrawal Option?? »
October 1, 2007
colbert @ 3:19 pm:
this is really good news. Wonder if there will be more competition now?
Fahmishah @ 3:48 pm:
good news for Malaysian!
shoppingmum @ 4:32 pm:
Thanks for dropping by my blog, Steven, and thanks for the update too, I will blog about it later and credit it to you.
Internet Marketing Home Business @ 5:05 pm:
WoooHooo! Let all have an internet marketing party! Asian internet marketers gone wild! LOL! So happy untill I can't concentrate on work. hahahah
Matt Ng
jimmychin @ 9:03 pm:
I still waiting for my payment now..
tested with Al Rajhi Bank Visa Debit Card
Live It! @ 9:55 pm:
Thanks for getting the details out.
October 2, 2007
amirol @ 12:40 am:
hi steven.. thanks for dropping by at my site. Yeah, it seems that a lot of people are happy regarding this issues..
Hopefully that, this will remain forever. 
Sean Tan @ 12:40 am:
This is Good News for most of the Asian country. Hopefully one day Paypal allow most of the asian country withdraw to local bank account.
Cheers!
Sean Tan
http://SeanTanMarketing.com
October 3, 2007
Steven Wong @ 11:06 am:
Sean Tan, Amirol, Live it, Matt Ng, Fahmishah: Yes, it is indeed a good news for most of the internet marketers/bloggers in Asia Pacific countries now. They have not excuse NOT to go online and make money now. Whether it will remain forever, it is really depends on the users, I don't think PayPal wants to stop us from using unless we don't follow the rules. e.g. attempts charge back, illegal access and more…
Colbert: Competition is good … to make sure everyone progress but on the other hand, try to look into something different. It is really competitive if you start a general internet marketing business.
Amy: You are most welcome and look forward to receive your credit.
Jimmy: Please update us whether your withdrawal via Al Rajhi Bank Visa Debit Card is successful.
KeVin @ 9:46 pm:
hey steven,
my withdrawal request to pb electron debit card hav just being completed…now need to check when the cash will go into the card..
October 7, 2007
Martin @ 8:05 pm:
Great news.
Any chance Clickbank may do the same?
October 11, 2007
Jauhari @ 2:14 pm:
Hi Steven, have you ever try to withdraw to your Visa Debit Cards? and are you success doing it?
Steven Wong @ 4:40 pm:
Kevin: I believe you should be able to withdraw to your Public Bank debit card.
Martin: Well, there is 2 different organisation here and I am not sure ClickBank will do the same in near future.
Jauhari: I am not sure myself as I have linked up with my US Bank account so I didn't try on using the Visa debit card method. You can visit the PayPal official guide on how to withdraw into your Visa® branded credit, debit or prepaid card. Check out this site for details: http://pages.ebay.com.sg/sea/paypal/withdraw.html
October 15, 2007
PayPal Announced The Official Guide on Debit Card Withdrawal Features @ 3:34 pm (Pingback)
[…] Withdrawal Features PayPal has finally announced the official guide since my previous blog post on withdraw PayPal money fund directly to Visa® branded credit, debit or prepaid card in 26 countries. I saw that button […]
October 16, 2007
Kitkat @ 11:47 pm:
Good news for Malaysian and the countries in the list.
October 24, 2007
Accept Credit Cards Online @ 4:38 pm (Trackback)
Accept Credit Cards Online… I couldn't understand some parts of this article, but it sounds interesting…
November 5, 2007
ulwan @ 12:40 pm:
pb electron debit card >>
is that the topup card?
..
is it convienient to use??
im a student can i??
Steven Wong @ 8:42 pm:
Ulwan: Go to my another post about various debit cards in Malaysia that can use for withdrawal. There is a link for public bank debit card info, check out from there.
November 19, 2007
How To Change Payee Name And Payment Method in Google Adsense Account @ 4:24 pm (Pingback)
[…] the day after the payment date. I was very excited to read this after received good news about PayPal allowed withdrawal via Visa cards for 26 Asia Pacific countries in end of September […]
D nelson @ 11:31 pm:
This is just great. but so far i dont have the option yet. do you have to get verifide to get that option?
Great article by the way.
November 20, 2007
Tune Money Visa Debit Card - Another Option For PayPal Withdrawal?? @ 10:27 am (Pingback)
[…] could be another option for PayPal local withdrawal. If Tune Money Debit Card works out able to help us to withdraw Paypal fund, indeed, it is another […]
Steven Wong @ 10:27 am:
Nelson, you are correct! You need to verify your account first.
November 21, 2007
» Tune Money Visa Debit Card - Another Option For PayPal Withdrawal?? Debit Card News: The Latest News from the Credit and Debit World @ 8:17 am (Pingback)
[…] could be another option for PayPal local withdrawal. If Tune Money Debit Card works out able to help us to withdraw Paypal fund, indeed, it is another […]
December 23, 2007
Zoe @ 5:47 pm:
By comparing withdrawal using debit card in Malaysia to using withdrawal to Singapore savings account then transfer back to a Malaysia savings account, which way is more cost efficient?
Considering withdrawal to debit card has $5 charges and max limit is only $500, it is not worth it if you have relative big amount to withdraw.
Anyone knows how much charges to transfer from Singapore savings acc to Malaysia savings account? For ex, using Maybank?
December 24, 2007
Steven Wong @ 12:07 pm:
Zoe: Charges are almost the same. Withdraw from PP to Singapore account is free for withdrawal amount above SGD$200 and charge for USD$1 for withdrawal amount below SGD$200.
However, withdrawal using DBS debit card is SGD5 per transaction. Also, you got to look into the withdrawal limit in ATM, so far, I know the max withdrawal amount is RM1,500.
You got to make sure your Singapore bank balance is more than SGD$200 every month, or else you will be charged for SGD$2/month.
I didn't know about Maybank Singapore to Malaysia transfer, but I assume the charge is almost the same. You need to look into the currency, it's changing everyday.
After look into all these, the conclusion is almost the same for two different method you mentioned. The choice is yours.