Comments on: PayPal Announced The Official Guide on Debit Card Withdrawal Features

By: Steven Wong

Steven Wong — Fri, 16 Oct 2009 04:08:56 +0000

@IbnuHashim, pls refer to my latest post on which bank’s debit card working:
http://stevenwongblog.com/business-news/are-paypal-malaysian-users-allowed-bank-withdrawal-soon

@Gorro, we don’t advise you do so, pls don’t use that. My comment is try at YOUR OWN RISK!

By: Gorro

Gorro — Sun, 04 Oct 2009 06:25:41 +0000

Maximum USD500? Is that problem. If you want withdraw more, you can try this trick, but don’t tell Papypal I teach you. This is illegal trick. First you open more than one paypal account with difference credit or debit card. Second use your primary paypal account to transfer money to your other paypal accounts. Then you can transfer more than USD500 per day from difference papypal account.

Smile always

By: IbnuHashim

IbnuHashim — Thu, 30 Jul 2009 10:54:11 +0000

The other 4 – 7 banks which offer master debit cards are not able to use for withdrawal at the moment.

1.AFFINBANK Debit MasterCard
2.Ambank NexG Debit Card
3.MOL Freedom debit card
4.Alliance Bank International Debit Card
5.BSN Matix Visa Electron
6.EON Bank Combi Debit MasterCard
7.Maybank Visa Debit Card – NOW can be used to withdraw PayPal balance

By: Steven Wong

Steven Wong — Tue, 24 Feb 2009 01:14:16 +0000

@David: Don’t waste your time to buy the info now as you can use your Malaysia account to receive payment.

@Mike: You should wait a bit longer to get the code in bank statement. You are doing it right and on the way to get your paypal account verify.

P/S: I remove your website since it is not a valid website.

By: Mike Tee

Mike Tee — Wed, 18 Feb 2009 20:15:47 +0000

Hi, just to share some info for those interested, and to avoid the mistakes we did.

We are in the process of withdrawing the PayPal funds using Public Bank’s VISA Electron Debit Card. Had some problems earlier with PayPal not accepting the card, but we found out that the card needed to be loaded with at least RM 25. So we went to the bank, and put in RM25.

Tried again with PayPal, and still couldn’t. Turns out that the debit card needed AT LEAST RM25 in the card AT ALL TIMES. Otherwise the transaction will be rejected. Because PayPal deducts a refundable $1.95 when we add the card, we needed to top up the card again.

After that PayPal finally accepted the card, and we are currently waiting to verify the card with the code given in the bank statement. Hopefully everything goes well!

By: David

David — Tue, 20 Jan 2009 22:16:35 +0000

In order to open an US Account you can make enquiries with Google and they will give you all the package for a fee of $49.99. This include the form and every other thing you will need fpor application and the bank that is available. I made the enquiry and this is what I got but I have not yet decided to open the account now.

By: Steven Wong

Steven Wong — Tue, 11 Nov 2008 19:45:50 +0000

Chong: Thanks for the information. For me I personally feel it doesn’t matter as that is not our main focus when come to business. My focus is on how to make more money online instead of how to get higher conversion rate in currency exchange. Besides that, you hardly have other option when come to online payment.

Max: Not that I knew at the moment. It used to able to do it here previously but that method no longer worked. The only way I know to open an US account now is to go US physically and open account. If you come across any method works do let me know.

By: max

max — Tue, 11 Nov 2008 14:20:41 +0000

anyone knows how to open a US account?

By: Chong

Chong — Mon, 10 Nov 2008 03:20:19 +0000

Are you all aware that recently whenever you withdraw funds from Paypal, the funds are first converted into Ringgit before it is transferred to your account? Previously your bank would be the one dealing with the FOREX. The only problem with this change is that PayPal is making more money from us, as their FOREX rates are obviously to their advantage which is always higher than the market rate.

Anyone have any comments on this?

By: nicholasnik

nicholasnik — Wed, 08 Oct 2008 03:05:10 +0000

i am back..your posting is informative..keep up