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How to Withdraw Money from PayPal in Malaysia

Posted in Entrepreneurship, Malaysia Mutual Fund & Unit Trust, Malaysia Personal Finance, Technology |

You might have noticed that I love writing guides. Maybe it’s a guy thing, you know, like reading manuals and shopping in DIY stores. Judging from my earlier success with some rather geeky tutorials waaaaaaay back in 2003, I think the habit stuck.

Okie, enough self promotion, let’s get back to today’s guide.

If you are a Malaysian like me who wants to withdraw money out from your PayPal account, this is one of the most cost-effective way to do it. You might be able to setup bank accounts in other countries where PayPal withdrawals can be made without any fees, but in this guide, I am going to show you how you can do it without using any oversea bank accounts at a minimal charge of USD 5 per transaction (limited to USD 500.00 per transaction).

So let’s get down to the ingredients you need:

Item 1: RM 100 in cash. No cheques, bank drafts or postal cheques.
Item 2: Your NRIC
Item 3: An Al Rajhi Branch, the closer the better.

That’s all.

Here’s the 19-Steps Procedure:

1) Go to the Teller and request to open an Al Rajhi Savings Account. Opt for the Mudharabah Savings Account-i since according to the Wise Teller I’ve met, the normal Savings Account-i does not give you any form interest. Also request for the Debit-ATM Card-i, which is the critical ingredient in our entire PayPal withdrawal scheme.

Tips: Don’t bother asking the Teller about PayPal related fees, you might just get a “Huh!?” look.

2) You can also opt to open for the Al Rajhi Current Account-i, but make sure you have the following extra ingredients: a letter from an Introducer who already holds an Al-Rajhi current account or a 6-months current account statement from other banks.

3) You will be asked to fill up the standard account application form and there’ll be a few autograph sessions.

4) After that, you will be asked to part with your RM 100 cash, and you will be notified by the Teller that you must have a minimum RM 50 balance in your account at all times (if you open the Mudharabah Savings Account-i).

5) Once you made the payment, the Teller should return to you with the Debit ATM card, where you will be asked to sign on the back of the card. You will also be given a document folder (also known as the Scrolls), where it contains a few important documents which you will need to activate your account later on.

Tips: Step 3 to Step 5 should take no longer than 15 minutes.

Al Rajhi ATM Debit Card

6) You should have everything you need from the Teller. The next step is to activate your Internet-Banking access, and to do that, you must obtain a temporary Internet PIN.

7) To obtain the magical temporary Internet PIN, you must explore the Scrolls given to you by Teller previously. There should be a Scroll that says “Confidential/Sulit”. Open it and you should see 6 magical PINs where you will use it to access your account via the ATM Machine later. Hence, it’s important that you DO NOT LEAVE the Al Rajhi branch yet.

Al Rajhi Confidential Sulit Slip

8) Go to the ATM Machine, insert the Debit ATM card and use the 6 magical PINs from the “Confidential/Sulit” Scroll. Select the option to obtain the Temporary Internet Pin and the machine will then print you a random 6 digit numbers which will be your Temporary Internet Pin. It should look something like the following:

Al Rajhi Internet Banking Temporary PIN

9) Okie, you can now leave the Al Rajhi branch and head home on your next quest to link your PayPal account to your new Al Rajhi Debit ATM card. Make sure you activate your Al Rajhi ATM card first before you add the card in your PayPal account.

10) Go to the Al Rajhi official website: http://www.alrajhibank.com.my/. Click on the First Time Login under the Internet Banking section.

Al Rajhi Website - Internet Banking First Time Login

11) Read and then accept the Terms and Conditions to proceed. It’s not like we have a choice NOT to accept. Banks will always be banks.

Al Rajhi Website - Accept Terms and Conditions

12) Now, take out the Scroll that says “Essential Information”.

Al Rajhi Essential Information

The CIC Number above corresponds to the Customer Number you see in the “First Time Logon” screen below. The Pin will be the set of 6 digit numbers you obtain previously from the ATM Machine. Do not confuse this PIN with the 6 digit numbers given to you in the “Confidential/Sulit” scroll- they are different.

Al Rajhi First Time Logon Screen

13) Once you are logged in, you will be asked to insert a “New Username” and “New Password”. Once you are done, click on log out to complete the process of initializing your Internet Banking registration.

14) Now, let’s proceed to the real deal: logging into your Internet Banking Account. Go to the official Al Rajhi website again: http://www.alrajhibank.com.my/. This time, click on the “Login” link instead of “First Time Login” under the Intenet Banking section. Use the “New Username” and “New Password” you have just set in Step 13. You should be able to login into your account and that means your Al Rajhi Internet Banking is officially active now.

Al Rajhi Login Page

15) Now, login into your PayPal account. Click on the “Withdraw” link, under the “My Account” header.

PayPal Withdrawal Link

16) Click on the “Withdraw Funds to Your Card” link. Notice that you’ll be charged USD 5.00 per transaction.

PayPal - Withdraw Funds to Your Card

17) Using the information printed on your Al Rajhi ATM Debit Card, fill up the information as requested by PayPal.

Tips: Insert single space after every 4 digit as per your Debit Card Number. Also, use the same Address for the Billing Address as the one you provided when applying for your Al Rajhi account earlier on. It doesn’t need to be the exact format and structure, but don’t stray too far.

PayPal Add Credit or Debit Card Screen

18) Once you are done filling up the details, click on the “Add Card” button. If you have not activated your Al Rajhi Internet Banking account previously, please make sure you do so using Step 10 to Step 14. Otherwise, you will be greeted with an “Unsuccessful” page when you tried adding the card, even if all the information you’ve provided is correct.

Tips: You MUST activate your Internet Banking account first before linking your card from PayPal.

19) Assuming that you’ve successfully added your new ATM Debit card into your Paypal account, you will see your new card when you click on the Withdraw link. All you need to do now is to insert the amount of money you want to transfer to your ATM Debit card. The maximum withdrawal limit for Paypal to Al Rajhi ATM Debit card is USD 500.00 as of this writing.

Paypal Withdraw Funds to Your Card Insert Amount

And that concludes the PayPal Withdrawal Guide. I am not sure how are the procedures like with other Debit Cards, but it should be roughly the same- activate your internet banking account and then link the card from within Paypal.

I hope you’ve enjoyed the guide and find it useful in your quest to transfer money to your bank account from PayPal. Should you find anything missing, confusing or have anything to add, just drop me a line!

By the way, I wouldn’t mind a little tips:





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  • http://www.bold-talk.blogspot.com eugene

    thank bro, appreciate the info, it shall come in handy when i sign up pay-pal, thanks again.

  • http://www.bnisupreme.com Sher Li

    Hi YC,

    I tried linking Pay Pal to my Maybank debit card previously but failed. I’m not sure what’s the reason. I heard not all debit cards can be linked to Pay Pal?!

  • http://www.meshio.com yowchuan

    Hi Sherli, here’s a list of cards that works and doesn’t.

    Working Debit Cards:
    1) Public Bank Debit Card
    2) TuneMoney.com Debit Card
    3) MOL Freedom
    4) UOB ATM Visa
    5) Hong Leong Visa (confirmed by Pin)

    Not Working Yet:
    1) AmBank NextG Debit Card
    2) Maybank Visa
    3) BSN Matix Visa
    4) Alliance Bank International Debit Card
    5) AFFINBANK Debit MasterCard

  • http://www.technicalguy.org Pin

    Try to beat Paypal official guide ah?

  • Mater

    Hey Guys, i need some help or tips from you. I’ve just tried to link my al-rajhi debit card in paypal but failed, all i got was ‘We were unable to verify this credit card. Please check if the information you entered is correct. If the problem persists, please try to enter a different credit card’. I’ve done everything, including contacted their customer service and also al-rajhi’s too (to check my details registered with al-rajhi – just in case i missed anything important), and the same remark still arise. Anything that i should know, guys?

  • http://www.mayfirst2u.com.my reedz

    Hi there!
    Thanks for the great tips. I have just signed up the alrajhi debit card at KJ branch and took me 30 mins to complete the process. Thanks again!

  • http://arabaquarius.blogspot.com/ Ayman

    Hi guys. I created an al-rajhi debit card but I faced the same problem as Mater (comment on July 17). After calling the al rajhi customer support, they said something along the lines that their card can be used to withdraw money from PayPal, but it can not be used as a primary card to confirm the account. So this means that we can use it, but we need to set up another primary card. This sucks big time, because I have no other cards and I created this one especially for PayPal.

    You can use MasterCard if you have one to confirm your account and make it primary.

  • http://www.meshio.com yowchuan

    Hey Ayman, thanks for the tip-off!

    I never had the problem because I already activated one of my credit card before adding my Al-Rajhi ATM Debit card into the same PayPal account.

  • raintrader

    hi guys,

    i had the same problem, they couldnt rectify my al-rajhi debit card. pls correct me if im wrong, say if i enter an alternative card say my mastercard only for verification but later if i want to transfer money out paypal, i can setup a secondary card (my al-rajhi card)?

  • samsing

    Hi guys,

    i also face the same problem like Mater…i already register a credit card as primary card.but when i want to register my second card (Al-Rajhi debit card), it prompt me the message like ‘We were unable to verify this credit card. Please check if the information you entered is correct. If the problem persists, please try to enter a different credit card’…what happen to my debit card..?can anyone help me..thanks here.

  • http://www.mmo.net.my/store/ bok

    Hi,

    This is exactly what i am looking for. Thanks.

    BTW, i am setting up a website to sell online. To accept paypal i need a currency to convert my MYR price to USD price; anyone got any guide how to setup a reasonable way to calculate the exchange rate??? I am concerning about the actual amount my customer been charged in MYR after they received their statement, as well as the actual fund i receive when i withdraw from paypal to my visa card.

    Thanks.

  • http://www.meshio.com yowchuan

    Bok: I think one of the way you can work around the currency conversion issue is to use USD in your transactions.

    This way, you only need to take into account the currency exchange rate when you are withdrawing from your PayPal account.

  • yoyo

    so in this case, transfer money from debit card into paypal can be done as well?

  • http://www.meshio.com yowchuan

    Yoyo: Yeah, just be sure that you maintain the minimal amount as stipulated by the Bank’s requirement. Normally it’s as little as RM 10.00 (for my case- Al Rajhi ATM Debit Card).

  • yoyo

    what can i do ..if the debit card is not verified?
    i only have a debit card from Al Rajhi Bank…
    does that mean tat i cant do any transaction in paypal?

  • Suresh

    Thank you …. very informative and useful

  • http://www.meshio.com yowchuan

    yoyo:
    I would suggest that you apply for a credit card and add that to your PayPal’s list of cards. Right now, I have one credit card as the primary card and the Al-Rajhi ATM Debit Card as the secondary card.

    Suresh:No problem mate!

  • http://www.mybusinesswords.com Jayne Roceo

    Hello webmaster, Loved your post on Meshio.com- a Malaysia Personal Finance Blog. I’m interested in letter of credit format and on Friday found a similar comment in a local newspaper. Couldn’t have said it better myself!

  • hwang

    hey anybody had problem about the delay to transfer fund to credit card. I did one transaction on 16th September and the paypal status shows “completed” on 17th September transfer to my credit card. But until today I still haven't seen the money appear in my cc account. I'm using UOB visa credit card.

    I did one transaction before on August using the same card and the money appear in about 8 days. This time around it is taking more than 2 weeks and still yet to see the money appear. I beginning to worry.

    I also noticed this time withdrawal, the money is straight converted to MYR before transferring to cc account. Anybody noticed this? Could it be one of the reason for the delay?

  • http://www.meshio.com yowchuan

    Hwang,

    I happen to read about similar issues on Malcom's blog.

    Yes, I think you just need to be a little more patience. Let's wait for the day when PayPal finally lifts their ban on Malaysia users. I think they are just waiting for enough Malaysia users to sign up with PayPal.

  • Yuki Choe

    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! Can somebody help me?

  • http://www.meshio.com yowchuan

    Yuki, which card are you using?

    If you are using Al-Rajhi, you need to refer back to the branch that issued you the card. I believe all Al-Rajhi ATM Debit cards has a USD500.00 withdrawal limit imposed.

  • http://www.meshio.com yowchuan

    Hi,

    I am over in Cambodia right now on a charity project. I’ll be facing some difficulties checking emails.

    If you need to contact me urgently, you can reach me at my temporary mobile number: +85599679286.

    Will be back in action on 14th October.

    Thanks,
    Yow Chuan

  • Yuki Choe

    I am using Al-Rajhi. I done everything according to the steps here. But it says there that I need to verify the card to lift the limit. But I cannot verify the card! I thought we can make withdrawals without doing that. After following the entire process presented here, I found that this is default “Your Monthly Withdrawal Limit is: $0.00 USD per month”. Is this something new? There is nothing Al-Rajhi can do, they only say that perhaps the debit card is not exactly recognized yet. Please help?

  • http://viewmalaysia.com zool

    paypal is a safe payment and fast way to use on the internet. But please be carefull, dont ever trust paypal if you are dealing in large amount of money. I my self lost usd50,000 from my paypal account as paypal suddenly without any reason limit my account. Until i now i still cant withdraw the money. They just simply ask you many document to verify your account that already previous ly verified by them 3 years ago.

  • http://viewmalaysia.com zool

    go apply public visa electron RM25 and tunemoney.com RM50 2 weeks got your card. Make sure you put extra cash on the account for paypal to charge usd 1.92 for verify the card or else your transaction will be rejected. Apply these 2 cards with different address.. Register with with paypal 2 accounts also different address but must same as c.card address. because at anytime your account can be temperory suspended

  • http://viewmalaysia.com datohead

    okay, once you got your card, or anybody who have a public bank visa electron or tunemoney deit card and ebay+paypal account i can teach you how to get minimum of USD1000 per week easily..this is true by selling a very hot item on ebay.i am the manufacturer of the product..just contact me on my email : datohead98@yahoo.com with subject INTERESTED TO BE DISTRIBUTOR just wanna help you to get extra cash by selling real item. not multilevel or spam email.. tq

  • http://www.meshio.com yowchuan

    Penny shared some interesting tips on his website here:

    I called Public Bank (as suggested by you clever bloggers, thank you!) and found out that there must always be a balance of RM25 in the card. I loaded it with RM30 and that means that I can only charge a maximum of RM5 to my card. Any transaction with an amount that will eat into the balance of RM25 on the card will not go through. Since Paypal charges US$1.95 for the linking process, it is equivalent to RM6.80. I only have RM5 available in my credit card and thus, I was unable to complete the transaction required by Paypal. I made a run to top up the card and have now successfully linked the card to Paypal.

  • Nicholas

    Wat is the difference between paypal personal and premium?
    Can i use personal to receive money?

  • http://www.meshio.com yowchuan

    Nicholas, you can use any PayPal account to receive and send money. Refer to the fees here to see which one suits you the most:

    https://www.paypal.com/us/cgi-bin/webscr?cmd=_d…

  • http://www.1012financialfreedom.com/ PS Thoo

    All thanks to the information here, I have successfully added the alrajhi debit card to my paypal account. The whole process is quite straight forward and without a glitch, as long as you follow the steps contained in this article.

    In my opinion, Alrajhi debit card makes sense as it is internet friendly, has no annual fee or ATM withdrawal fee (provided you withdraw from the same bank).

    Regards
    http://www.1012financialfreedom.com/

  • http://www.meshio.com yowchuan

    PS, glad it helps. I have to agree that banks that puts customer's interest first will definitely enjoy a higher rate of adoption.

    To ensure that the Debit card works, one must ensure that there's at least enough fund in the card when verifying the card with one's PayPal account.

  • http://www.meshio.com yowchuan

    I was informed by Al Rajhi Bank that they do not allow their Debit ATM cards to be “Confirmed and Linked” to the PayPal account. This would mean you are not allowed to add funds into your PayPal account from your Al Rajhi account.

    However, you can still use Al Rajhi's Debit ATM card for normal withdrawal (limited at USD500.00 per withdrawal).

  • http://kawaii-fullhouse.com Carmen.S

    thank you so much!
    I went all crazy when I found out paypal does not accept malaysian bank.
    T.T
    gonna try out your way soon! X)

  • http://kawaii-fullhouse.com Carmen.S

    oh yea, what if Im under 18 and I wanna open the account..(
    gonna open an online shop soon) T.T , Help me!

  • http://www.meshio.com yowchuan

    Carmen, I am not sure if there's any age restrictions when applying for an Al Rajhi's Debit ATM card.

    It's best you give them a call at their customer helpline number: 1300 82 6000

  • http://kawaii-fullhouse.com Carmen.S

    okay thx! X)

  • http://chumsyashley.info Barbara

    Hi Yow Chuan,

    I would like to express my gratitude to you for posting about Al-Rajhi Bank Debit Card. I applied for one last year but did not use it. Only recently I tried to use to withdraw funds from my paypal and faced difficulties. I tried to link but can't. I checked with Al-Rajhi's customer support and they said we can only use the card as a secondary card. However after a few tries and some fees deducted, I still couldn't do it.

    Thank God for your latest comment which mentioned that Al-Rajhi Bank doesn't allow their cards to be linked and confirmed but we can use it for normal withdrawal. I transferred US50 last week and was able to withdraw it yesterday *jumping for joy* If not for your post and comments, I don't know how I could withdraw the money from paypal. I wish the staff at Al-Rajhi are more well-informed as many bloggers use their debit cards. Some don't even know what's paypal :(

    Once again, many thanks for all your help :D

  • http://www.meshio.com yowchuan

    Hi Barbara, glad you found the information useful.

    I am sometimes quite surprised about the lack of information with the banking staffs when it comes to dealing with PayPal issues.

    I guess we'll just have to live with it, until PayPal decides to open an outlet here!

  • http://www.bebas-hutang.com/ khairul

    hi…good info as im using Al Rajhi debit card too…Is this also apply to Al Rajhi Charge Card?

  • http://www.meshio.com yowchuan

    Khairul, is the Charge Card issued with the Visa logo? If it is, then it's most likely able to work with Paypal.

  • Steven

    Hi YowChuan

    You mentioned

    “I was informed by Al Rajhi Bank that they do not allow their Debit ATM cards to be “Confirmed and Linked” to the PayPal account. This would mean you are not allowed to add funds into your PayPal account from your Al Rajhi account.

    However, you can still use Al Rajhi's Debit ATM card for normal withdrawal (limited at USD500.00 per withdrawal).”

    I have applied for Al Rajhi Debit card today and when I tried to add the card to my Paypal I face the problem of “We were unable to verify this credit card. Please check if the information you entered is correct. If the problem persists, please try to enter a different credit card.” too.

    But during withdraw I still can see the new card listed as one of the available cards. You mean I can select to withdraw to the new Alradji debit card even if it is not “link and confirm”?

    I have no problem with the previous Public Bank Debit card though..

  • http://www.meshio.com yowchuan

    Steven, that's correct. You can still withdraw money using your Al-Rajhi Debit ATM card without confirming and linking it with your PayPal account. This also meant that you cannot inject funds into your PayPal account via the Al-Rajhi Debit ATM card.

    I don't know why they did that, but if you are going to inject funds into PayPal, use another credit card instead.

  • http://gadget-junction.blogspot.com shaffir

    Great info and thank a bunch bro. I did follow ur instruction and walla I made my 1st withdrawal.

    Very easy dealing with al rajhi bank. Thanks to them we are able to work with paypal.

  • http://www.meshio.com yowchuan

    No problem! Now, we are just waiting for PayPal to:

    1) allow withdrawal without limits and
    2) direct withdrawal to local banking accounts.

  • http://lokeaiaberhad.blogspot.com LOKE

    Useful information !

  • http://samantha140508.blogspot.com Samantha

    im not sure how this work but im going to try it this friday i guess, i hope your informations help me here. i was searching about this information for like 2days. i was like im gonna be so dead due to i cant withdraw money from this place. i would like to ask, if i apply this, this woudl be my first debit card here, so its like i can withdraw money from the bank straight too? if the currency in euro or usd means they will automatically change all to Malaysia currency?

  • http://www.meshio.com yowchuan

    I am not sure about your nationality and what are the terms and conditions required by Al-Rajhi for non-Malaysian applicants. Basically, once you have their ATM Visa Debit Card, you can use it just like any other ATM card. On top of that, you can also use it like a charge card by ensuring you've enough credit in your account.

    Yes, all currency is converted into Ringgit Malaysia, which reminds me that I need to ask them what kind of rate are they charging on the currency conversion. I've heard of stories where the bank charges extra when converting currency, without explicitly stating it in the terms and conditions. And when the account holders sue the bank, they actually got their money back!

  • http://myitgizmo.blogspot.com/ umarnet

    sorry to repeat this question, i'm a student and i don't have credit card. do i need to have credit card first to make it as primary card or i can make al rajhi debit card straight away and add it?

  • http://www.meshio.com yowchuan

    You shouldn't have problem applying for the Al-Rajhi ATM Debit Card since it works just like a normal ATM card. I do not think they will restrict you just because you're a student.

    Nope, I do not think you can use Al Rajhi Debit ATM card as your primary card in PayPal. Somehow, PayPal won't recognize it. As mentioned above, you do not need to confirm and link your PayPal account if you just want to withdraw money from your PayPal account.

  • http://myitgizmo.blogspot.com/ umarnet

    Ah, it work, thank you very much for the advices, keep up the good work

  • http://www.meshio.com yowchuan

    Great!

  • majdi

    This blog great! t.Q to the authr ;)

  • lili

    hi..u mentioned…do not need to confirm and link your PayPal account if you just want to withdraw money from your PayPal account. Does that mean i dont have to get my paypal account verified?..To get it verified i need to register my other credit card right?..

    i only have mastercard…is it accepted…or only visa credit card

  • http://www.meshio.com yowchuan

    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.

  • http://samantha-complicatedhistory.blogspot.com Samantha

    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.

  • http://job.blogmyx.com/ Jobs

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

  • confused

    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.

  • http://www.meshio.com yowchuan

    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.

  • jeanie

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

  • Proglamour

    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?

  • http://www.meshio.com yowchuan

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

  • jj

    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!

  • http://www.meshio.com yowchuan

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

  • jj

    ya that will be great!

  • jj

    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

  • JJ

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

  • http://www.meshio.com yowchuan

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

  • MD

    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.

  • http://www.meshio.com yowchuan

    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.

  • rayvin

    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 http://www.paypalsucks.com

  • Alwin

    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

  • MD

    Hi yowchuan,
    Thx for ur advise.

  • http://www.meshio.com yowchuan

    MD, No problem!

  • http://www.meshio.com yowchuan

    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.

  • http://www.meshio.com yowchuan

    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?

  • MD

    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.

  • http://www.meshio.com yowchuan

    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.

  • elddaj

    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

  • Kathley

    hi there… can we transfer fund among pay pal account? instead of withdrawal?
    since we have money there…

  • spinhead

    withdraw is more easy way to get our money from PayPal(for me)…..but did PayPal accept any bank in Malaysia???? Im a student and still new in PayPal….Im only got CIMB bank….Plz hlp me!!!!!