Friday, November 16, 2007

Withdraw Money from PayPal into Malaysian Credit Cards

Below are the criterias of a debit / credit card that are used for PayPal Withdrawal in Malaysia:

1. Only cards with the VISA or AMERICAN EXPRESS logo are allowed for PayPal withdrawal. MASTERCARD is not allowed.

2. The cards must be verified or confirmed.

The minimum withdrawal per day via the card is US$10 while the maximum withdrawal limit can go up to US$500 per day. Each withdrawal will incur a US$5 charge and PayPal takes 5-7 working days to completed the transfer.

Below are the debit cards that can be used for PayPal withdrawal in Malaysia:
1. Public Bank Visa Electron Debit Card
2. Al-Rajhi ATM Debit Card
3. UOB ATM with VISA Electron

You may also withdraw your PayPal money using your credit card. However, Bank Negara limits the withdrawal availability to only International Banks like HSBC or Standard Chartered Bank.

There is one reader named Shemah shared that even if you don't have an International Bank's credit / debit card, you can still withdraw your PayPal money via a VMI card. All you have to to is to purchase a VMI card, activate it once you have received it. Then withdraw your PayPal amount into this VMI account. Once it is done, you are able to withdraw the money via any ATM machines with Cirrus logo.

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