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Malaysian Can Now Withdraw Money from their PayPal Accounts

Posted on 1st October, 2007

Not that you can’t withdraw before this but the steps usually make your head spin. Some enterprising Internet marketers even took advantage of the complicated steps by selling ebooks telling people how to do it.

Anyway, Wayne Liew emailed me to give a heads-up about a new feature recently introduced by PayPal. Wayne’s post refers to the original post by Sweet Surrender about PayPal is allowing money withdrawal to credit and debit card.

I usually don’t much pay attention to such news before. While I spent thousands of Ringgit monthly via PayPal, I’ve never really used it to accept payments.

Some of you may recall that I promoted MaxBounty at some of my websites. My main gripe about this program is that it automatically converts my commission checks into Ringgit and there’s no way avoiding this. While this means shorter clearing time, I prefer getting paid in US dollars and put up with with the long clearing time.

This is because local checks issued by MaxBounty utilise a terrible exchange rate resulting me to lose hundreds of Ringgit per clearance. This problem is getting worse by the day as the US dollar continues to weaken.

So I told my affiliate manager about this and she recommended me to accept PayPal payment. In such case, I don’t want the money to sit quietly in my PayPal account doing nothing. I rather put them in the bank and earn some interest.

So that’s how I started paying more attention to news related to withdrawing money from PayPal.

Anyhow, to withdraw funds from your PayPal account to a credit, debit, or prepaid card, just add a card with a Visa or MasterCard logo. To do so, go to Withdraw under the My Account tab and click Transfer funds to your card.

It costs USD5 to use this service and there’s a USD500 daily withdrawal limit. For most people I think that shouldn’t be a problem. If you plan to withdraw regularly, I recommend waiting until your balance is nearing the limit to save on service charges.

paypal.png

So, I logged into my PayPal account and tried entering my Public Bank MasterCard but it was rejected with the following message:

This withdrawal cannot be completed because your card issuer does not allow withdrawals to this card. To withdraw funds from your PayPal account to a credit, debit, or prepaid card, add a different card with a Visa or MasterCard logo.

I tried calling PBB card customer service but nobody picked up the phone. I thought they were offering a 24×7 customer service… Anyway, I emailed PayPal and surprisingly within minutes, I got a reply:

Thank you for taking the time to contact us with your concerns. I am happy to assist you further.

Understand you are thinking about trying our new feature for money withdrawal to credit card.

By viewing your account, we found out that you added MasterCard ending with 0***. I am afraid MasterCard can not be used for money withdrawal at the moment, but VISA & American Express card. If you only have one credit card, what do you think about adding US bank account that bank must be located in US soil or VISA debit card?

It is my pleasure to assist you. Thank you for choosing PayPal.

Sincerely,
Jie
PayPal, an eBay Company

So apparently they don’t accept MasterCard credit card at the moment. Why don’t they mention this on their website is beyond me. So I guess I’ll have to get a Visa debit/credit card then. Is there a debit card for MasterCard?

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Gaman
 

An engineer by training, Gaman has been working full-time online as an Internet marketer, a programmer and an app developer since 2001. He has been blogging at Sabahan.com since 2006 sharing his experience and teaching people how to make money online.

  • Wayne Liew says:

    I guess you should get yourself Public Bank Electron though. It’s Visa.

  • sunsuron says:

    This is good news! Thanks for the info…

  • jimmychin says:

    try to use visa…

  • […] How about those cards that failed? 1. AmBank NexG Prepaid Credit Card 2. UOB MasterCard 3. Public Bank Public Bank MasterCard […]

  • Irene says:

    Thanks for the link ๐Ÿ™‚

  • Most important thing is, what is the conversion rate?

  • mrBadak says:

    OMG.. how long has this feature been available? I tried to add a card and found out I have already registered a VISA in there… so I withdraw liao kekeke.. u know, come to think of it, last time one of my purchase thru creditcard/paypal was rejected and my money was returned to my creditcard… why didnt i figure it out earlier that they could transfer $ to my card… astaga…

    anyway, thx for the info! p/s. my card is EON VISA.

  • dott-com says:

    that really good news for all malaysian online seller and making money online blogs that never had a chance to w/draw the paypal fund before. I think all malaysian should use the the service smartly if not maybe paypal will take back all the new service for us

  • iter says:

    wau.. really :D.. very good news, now i’m gonna open PayPal account. Ehehehe.. i have visa card but never use it … ๐Ÿ˜›

  • so.. lepas ini mudah la saya nak withdraw money dari paypal. ๐Ÿ™‚

  • pinolobu says:

    I wonder when MasterCard will be accepted by PayPal… I don’t fancy applying for yet another card. Too many cards already, trying to get rid of most of them…

    One more thing, I wonder if they accept a Visa card registered to another persons name – different paypal and card details.

  • Tan Chew Yeow says:

    so PayPal accept visa?
    can I use my BSN Matrix Card ah? got Visa Electron.

  • KennyP says:

    I heard that the bank who issued the card will charge a fee when withdraw from PayPal to the card, does anyone has more related information?

  • Wahlau.NET says:

    it is great news

  • Steven Wong says:

    At I knew, credit card issuers/banks doesn’t allow any withdrawal into the credit card as it is just for charge card function but not withdrawal. You need to get a DEBIT CARD to withdraw.

    Make sure you ask for debit card but not credit card. You can get debit card from the following banks:
    1) Public Bank Visa Electron
    2) EON Bank MOL Freedom card
    3) AmBank NextG
    4) Al Rahji Bank Visa Debit Card

    I went to check out from the PayPal sites and confirmed on this news not only for Malaysians.

    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.

  • […] Malaysian Can Now Withdraw Money from their PayPal Account […]

  • Mr. Rajawang says:

    maybe if someone can compile all the credit card and debit card than CAN be use to withdraw from Paypal that would be great!! Tq ๐Ÿ™‚

  • KeVin says:

    hmm…I have the PB visa electron, NextG and also the BSN matrix debit card….

    will see which one can be use…

  • Vishen says:

    HI Sabahan

    This is Vishen from MindValley Labs. We’ve mentioned each other on our respective blogs before.

    My company launched a new product called SocialRank.com and it powers a number of niche blog communities. On the Malaysian community (malaysia.dailyvoices.com), your blog currently has the #1 ranked post.

    read about SocialRank.com and tell me if you want to a story on us. I’ll make myself available to you.

  • […] I just read Sabahan.com entry on this topic. Do read the comments to get a clearer info about this […]

  • […] Zaiful wrote an article about the withdrawal procedure and Matt Ng Also Sabahan.com. […]

  • […] However, if you really want to know more about how it actually works, nothing beat reading the posting from all these proactive Malaysia young bloggers. Their “real-life” experience connecting Paypal to their credit / debit cards will give you a very good picture on what works, and what doesn’t. Some hiccups trying to withdraw to mastercard. […]

  • […] Sabahan ๅทฒ็ปๅ†™ไฟก่ฏข้—ฎ PayPal ไบ†๏ผŒ่ฟ™ๆ˜ฏ PayPal ็š„ๅฎ˜ๆ–นๅ›žๅค๏ผš Thank you for taking the time to […]

  • […] Electron Debit Card can be used in withdrawing PayPal funds as pointed out by Sabahan in his posts, “Malaysian Can Now Withdraw Money from their PayPal Accounts”. For those who is having a list of usable cards to use in withdrawing PayPal funds must now update […]

  • […] boosted by the recent news that we can withdraw adsense earnings from Western Union and also Paypal is also accepting certain visa and debit card from Malaysians. I bet you have heard about this in other blogs as […]

  • […] There was a slight update for this post. Go to Sabahan for the update. Like It,Digg It: These icons link to social bookmarking sites where readers can […]

  • ben says:

    Ahah i think i am ready to try the withdrawal since i got my visa registered to paypal lols ๐Ÿ™‚

    Hmm …remember thou it is a good news..still..There is a minium charges for Credit card withdrawal which is Around Rm50.00 if am not mistaken.

  • Kay Kastum says:

    Okay, need to do some math on comparisons between this method and using VM card.

  • […] now allows withdrawals to credit card Gaman in Sabahan.com highlighted the new PayPal withdrawal option to credit card, which I think is great news to all non-US users around the world. However, he was disappointed […]

  • KeVin says:

    ok guys….my paypal status shown as complete today…now waiting for the money to arrive at my debit card… ๐Ÿ˜›

  • eshark says:

    very the good news!! a long waited for Malaysian.

  • […] to check if your credit card accepts PayPal withdrawals Following up to my previous post, several people in Gaman’s site commented and wondered whether their card accepts withdrawals. Here’s an easy way to find […]

  • lilian says:

    Psst…lost yr PR eh? My personal blog chanlilian.net also kena.

    • Gaman says:

      wow you are really watching aren’t you ๐Ÿ™‚ BTW, I was unable to leave my comment at your blog. I thought it was Firefox but I’m having problem with IE too.

  • How to Withdraw Paypal ?

    Good News ! 
    While I am still waiting for my International Bank account to be open, Paypal withdrawal is now available in Malaysia. This means you do not need to create any International Bank account, nor withdraw your Paypal money through 3rd par…

  • Tim says:

    It’s a real good news for all bloggers here !! ๐Ÿ™‚

    –blog for dream–

  • Lorna says:

    Hey, I just got found a snippet of info from LiewFC’s comments concerning Public Bank Visa Electron may NOT accept foreign funds into their account:
    http://www.liewcf.com/blog/archives/2006/04/transfer-fund-from-maybank2u-to-public-bank-debit-card-ask-lcf/#comment-213287


    vincent Says:
    December 9th, 2006 at 2:27 pm
    Got this reply from PB customer service today
    1. You are not allow to bank in foreign funds in foreign currency to the Visa Electron Card account. The card account only can accept funds in Ringgit Malaysia.

    I’m keeping my fingers crossed on my Citibank Visa card and hope mine goes through.

  • gerbercage says:

    This person already succesful on withdrawing paypal to public bank Visa Electron.

    http://malcolm.mmuzone.com/2007/10/02/withdraw-paypal-funds-to-visa-electron-debit-card/
    http://malcolm.mmuzone.com/2007/10/07/paypal-funds-in-my-visa-electron-within-5-days/

    so I think this already not correct.

    “vincent Says:
    December 9th, 2006 at 2:27 pm
    Got this reply from PB customer service today
    1. You are not allow to bank in foreign funds in foreign currency to the Visa Electron Card account. The card account only can accept funds in Ringgit Malaysia.”
    โ€”

  • FM says:

    I withdrew my fund from PayPal on 04th Oct 07 to one of my Visa’s credit card. It was cleared yesterday. The bank charged RM40+ for the transaction.

  • […] Here are some experiences in using the EON Freedom Debit Card from Andrew Raj, Wayne Liew and Sabahan.com Pay Pal experiences. Reading their blogs and responses from readers, I do see some hitches in EON […]

  • rajapayloadz says:

    yup. they not accept mastercard anymore for withdrawal. So, use visa only like tunemoney and public bank.

  • Borneoman says:

    Dont ever use tune money it suck because it charger you so many fee than visa public bank debit card.

  • Calvin says:

    Have anyone tried paypal withdrawals directly into the tunemoney card?
    Please let me know if it works.
    thanks.

  • marie says:

    Hi people!
    Anyone know if I could use the new ATM/Debit card from Maybank? It got Visa logo on it.
    Thanks heaps!

  • mrsonk says:

    hallo..
    im new with paypal
    i want some guide from u all..
    plz..who can tell me how to add amount to my paypal account?
    (RM to Paypal)

    my status verified n now using visa credit card..

    email me..plz

    thanx4all..

  • Adam says:

    Great post, thanks.

  • Great news not only for Malaysians in need. The 25 other Asia Pacific countries is also available for
    ———
    ruthallen

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