Withdraw PayPal Funds to Visa Electron Debit Card
I changed my mind of keeping my PayPal funds and wanted to have a thrill to withdraw for the first time. Why not be part of PayPal history in Malaysia? Coincidentally, I have a Visa Electron Debit Card issued by Public Bank which has been attached to my PayPal account.
Follow the steps below and you will see moolah in your dreams :) Keep fingers cross okay? Hopefully PayPal will not rob your money!
1. First, log into your PayPal account and click on the “Withdraw” menu.
2. Next, click on the link “Transfer funds to your card”. It can either be a credit card, debit card or a prepaid card with a Visa or MasterCard logo on it.
3. Enter the amount you wish to withdraw. If you are withdrawing USD funds, PayPal charges USD 5 per withdrawal. For example, if you enter USD 105 in the amount text box, you will receive USD 100 after deduction of USD 5.
4. Review your withdrawal details. If the details are correct, click on the “Confirm” button. Click only once okay? ;) You may click on the “Edit” button to change the amount. (”Edit” button is not in the picture.)
5. Finally you will be shown a confirmation message that your withdrawal request is in process. Easy ain’t it?
Wow, so when will you go to ATM to withdraw the money? :)
Tell me if the withdrawal from the ATM is simple and the charges are not throat cutting.
Kitkat… I plan to withdraw next week if everything goes smoothly.
Rauff, I am using Public Bank’s Visa Electron Debit Card. Withdrawal is free at all Public Bank’s ATM machines. If you withdraw money with credit cards, there is a cash-advance fee.
[...] switch to a debit card, e.g. Public Bank Visa Electron debit card. A Malaysian blogger has written a step-by-step guide on how to withdraw the funds to your debit [...]
Wow very cool dude! I have the same card and hadn’t been able to do anything else besides pay using paypal.
keep fingers cross RuFI0. I really hope this works.
[...] Withdraw PayPal Funds to Public Bank’s Visa Electron Debit Card [...]
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[...] have tried Public Bank’s Visa Electron and everything was a breeze. Has anyone tried the following cards? I am interested to know the out [...]
I got 1 question, will VISA or PB bank charges us when withdraw $$ into card?
If yes, how much %?
I had read once blogs that said some bank of the card might not refund to paypal if refused to withdraw into CC, so don’t try with any CC.
As i know RHB, Maybank, HSBC, Citibank, PB, OCBC and some bank CC only allowed. While those islamic bank CC, mastercard, ambank nexg prepaid mastercard, don’t ever try to withdraw them.
For your information, only Visa cards (debit or credit) can be used to withdraw funds from PayPal. You will have to check with your issuing banks first. Al-Rajhi ATM cards are also Visa cards which you can withdraw PayPal funds to. It seems their forex rates are more competitive compared to Public Bank.
Let me find out the charges from Public Bank after the holidays. From the rate they charged me, it seems the rates imposed on my withdrawal was their buying TT rates on the day of transaction. That is the reason why I didn’t really find out. You can see them here.
Withdrawal of funds from Public Bank ATM machines will be free but not at other ATM machines.
Dear wilson1stop. According to Public Bank Card Services, there was no charge imposed by Public Bank. Only Visa decides on the currency exchange and not Public Bank which I initially thought.
I have Visa Electron issued by UOB.Can i use it to withdraw from Paypal?And do i need to notify my bank bout this because i’m doing something like international transfer?maybe u can give me some advice for this kind of thing since i’m new.u can email me if you have free time.thanx alot
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malcolm: hi uzume. thank you for your question. From what I have read on other blogs, UOB does not allow transfer of funds from PayPal to their Visa Electron. However, please call their UOB card services for more information. The number is usually behind your card.
to all,
whoever wants to open an account with al-rajhi bank (in order to obtain the debit-atm card, kindly drop me an email at muhammad-hafez.musa@alrajhibank.com.my
i’m not sure what is paypal actually, but most of the customer who came to open an account (in order to obtain al-rajhi debit card) says it is for the usage of paypal. using al-rajhi card it works to their needs.
i try my best to assist u better, maybe u dont even have to come to the bank to open an account
i’m working with al-rajhi bank frontline as well.
I have almost USD350 in my survey account. I would like to redeem it using paypal. But my account not verified yet. Waiting PB Visa Electron card. I already bank in RM35 and have to wait until next week to get the card. Question…Can I redeem my money to paypal without verified account or I wait until I get the debit card? How long it takes to verified an account and when can I use that money? Really need an advice. Tq.
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Dear iela,
Question: Can I redeem my money to paypal without verified account or I wait until I get the debit card?
Answer: You can accept PayPal payments even without verified. However, you will have 30 days from the date of transaction to verify your card (enroll in Expanded Use Program) before fully accepting any payments. If you do not verify your card within 30 days, that payment will be reversed.
Question: How long it takes to verified an account and when can I use that money?
Answer: As fast as you can see the USD 1.95 transaction in your card statement. Register for online banking for your Visa Electron and you should be able to see the transaction in a few days. The longest it will take will be 3-5 business days but it can be much earlier depending on how early Public Bank updates your online statement. If you were to wait for the hard copy statement to be mailed to you, it will take longer as the statements are mailed once a month. You can withdraw at any Public Bank ATM free of charge and use it immediately.
Hey I just got my Visa Electron Debit card from public bank but I can’t seem to get the expanded number working. It says 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.
Thanks for all the helps
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Malcolm: Crovax. Thanks for dropping by. Do you have at least RM 35 in your account before your enrolling in Expanded Use Program? Please read this article here.
Tq for all the information. I had all i need. I think better I wait the card, then i redeem my money. Its safer than now. Can’t wait my card. Anyway…hopefully my day will greater than before…
[...] Public Bank’s Visa Electron is not the only debit card which allows withdrawal of PayPal funds. Al Rajhi Bank’s Visa ATM Debit Card-i has worked for a number of Malaysian PayPal account holders. [...]
Thanks guys …I just found out that Rm30 is not enough to verify . Need around Rm35. Have a nice day :P
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Malcolm: That is great!
1 more thing , can I check the expanded number faster before the statement comes ? Cos I want to verify it asap . Thanks a lot.
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Malcolm: Hi Crovax. Go to the customer service counter of any Public Bank branch and tell them you want to apply for Internet Banking for your Visa Electron. You can view your online statement as soon as it is activated. Make sure you bring along your IC and Visa Electron.
Can I just call the customer service to ask ? But I doubt that .
Thanks a lot.
Hi Crovax. You can always try but i doubt it too.
Hi Malcolm, nice blog. First time post here. im a new PB Visa Electron Holder. Question is how do i bank in money (top-up) using PB cash deposit machine? 2nd Question is how to add money (funds) to my paypal account? (because my paypal acc still USD 0.00) Hope you can help me…thanks
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Malcolm: Hi Amin. Welcome to the club!
Question 1: How do i bank in money (top-up) using PB cash deposit machine?
Bring some cash and select “Credit Card” payment at the machine. Enter your card number (16 digit) and amount as required by the machine. Enter the amount and place the notes into the machine. Just follow the instruction at the cash deposit machine for subsequent steps. It is very easy.
Question 2: How to add money (funds) to my paypal account?
You can add funds to PayPay by accepting payments from others. If you buy from stores which accepts PayPal, funds from your card like your Visa Electron will be transferred to your PayPal account and immediately transferred to the seller’s PayPal account. In short your PayPal balance will always be zero unless people make payment to you.
Thanks Malcolm,
Now finally I really understand the usage of pay pal, b4 this I tot we should add price of the item and only we buy. LOL.
Now I knew how easy to bank in the money. Thanks again. I will always visiting your blog.
hi malcolm,
The question is since the new visa debit card for maybank has finally arrived will paypal accept this card for withdrawals? and how do i withdraw cash out from the card? thanks…=p
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Malcolm: Hi Brian. If Maybank allows withdrawal of PayPal funds to its newly launched Visa debit card, you can withdraw from the ATM machine. After all the the funds goes directly to your savings or current account. Let us test and hope for the best :)
hi brian,
unfortunately the answered is “unable” as i had tried in past 2day, Maybank Visa debit (the new ones in lauching)and UOB Visa debit couldn’t be verified on paypal account.
I have a maybank debit card. But I cannot add the debit card to my paypal account. The following error message appear. Please help.
This credit card has been denied by the bank that issued your credit card. For details on why your card was denied, please contact your credit card issuer’s customer service department. Or, you may want to try adding a different credit card.
Thanks !
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Malcolm: Hi Clement. Up to now, PayPal funds cannot be withdrawn to Maybank’s Visa Debit card. Please check my post here
[...] all credit or debit card issuers will allow PayPal funds withdrawal to their credit or debit cards. The newly launched Visa Debit card by Maybank is of no exception. [...]
Hi guys, I am very new but interested to this forum of tranfering Paypal funds into Visa Debit Card. However, at the moment I still do not own either a Paypay account or Visa Electron Debit card
My question is:-
a) where can I obtained a Paypal account for myself?
b) Is it definately have to be Visa Electron Debit Card?
How about Mastercard Debit card? Is it ok?
I apologized for asking such a newbie questions. Hope you guys can shed me some light as I am really interested in starting my journey into cyberword with transactions through Paypay method. Thank you.
====================
Malcolm: Hi Derick. Thank you for your question. It is good that you have asked. My answers are below.
a) Click here to register a PayPal account. You can also click on the PayPal logo on the right bar of this blog. Select for a Premier or Business Account to save on transaction fee when accepting payment.
b) Not a single MasterCard is supported in Malaysia as of March 2008.
Bravo, Thanks Malcolm for replying.
Hi everyone,
Is eBay a place for trading of second hand goods only? Is it possible say a graphic designer offer up his or her design service( e.g Logo design) at eBay?
Is there any guidelines prohibiting from such services.
Apologized for forwarding newbie question again.
Anyone mind to share?
==========
Malcolm: Hi derick. You have gone off track. People sell tangible goods on eBay and not design services. I can’t find such category for your services.
Hi everyone,
I intend to use Paypal system for my online buying and selling activity, therefore….
I apply for the PB Visa Electron debit card and depositted RM100 into my account. Nows heres the Mathematics question that puzzled me:-
-the RM100 will be converted to USD (100/3.15 exchange rate) = around USD32
Now is that means that my Paypal account would only allowed me to pay not more than USD32.
Thanks for your help.
=================
Malcolm: Hi Patry. RM 100 is deposited into your account but you must always maintain RM 25 in your Visa Electron at all times. That means you can spend up to RM 75 now or its USD equivalent at the time of transaction.
When you deposit funds into your Visa Electron, it is not transferred to your PayPal account. If you are using your PayPal account and with this Visa Electron as the source, PayPal will fund the payment from this Visa Electron and make payment to the seller you bought from. In short, your PayPal balance will always zero unless you accept PayPal payments from others.
Hi Malcolm,
I am a new user in both Ebay and PayPal.
Is there a PayPal for Asian user to sign up as member? Reason was becoz I am having difficulty getting through the signing up process as new member in the Paypal.com website.
The primarily problem I was facing is unable to get through the precedure of filling up zipcode, tel no. area code, etc. It seems like Paypal is assuming every user are coming from America itself. How could I possibly find a valid City with zipcode and appropriate area code for tel and mobile no. whereby I am only a user from Malaysia?
Can I know how do you guys get through this Required Field to be fill into Sign Up Form? Hope you can help me and shed some light. Thank you.
==================
Malcolm:
Dear Jessica,
Thank you for your questions. When you register for a PayPal Premier or Business Account, please select the country “Malaysia” from the drop down menu. You won’t be able to miss this first step when selecting either to register for a Personal, Premier or Business Account. I recommend you to sign up for a Premier or Business Account if you are going to accept PayPal payments. These accounts charges less for each payments received than a PayPal Personal account.
Ok
Thanks Malcolm
Appreciate your reply.
I’ve read thru briefly all the posts and replies and cant find any better sites other than this to have your paypal queries answered by the Guru himself mr. Malcolm.
Thanks alot! .
It really did brighten up my understanding on paypal transactions.
However, 1 simple question mal,
for instance, if i have USD 49 in my paypal account, and i also have a PB visa electron DC, i can just go to the ATM and withdraw the funds equivalent to the current USD rate rite?
appreciate your view on this.
Thanks
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Malcolm: Hi cyenxian. Thank you for your comment. Before there are funds in your PB Visa Electron or any debit/credit card, you will need to explicitly withdraw it like how I did here.
After you have withdrawn your PayPal funds to your card, you will receive the equivalent in your local currency (like Ringgit Malaysia) based on the foreign exchange rate at the time of transaction.
I have successfully withdraw money from paypal to my PB VE. Yes, it is very easy and very fast to w/draw money from paypal.
Hi emeldahany
Thanks for your sharing to us on your success in withdrawing $$ from your PBVE.
In addition to this, do we need to have an additional PB saving account?
Hola Malcolm,
Got no trouble before withdrawing my money from PayPal before. Last Feb 29 I requested another withdrawal, but till now it was still listed as pending.
Following several communication via emails with PayPal team, I still don’t get a specific answer from them. In the last email, I was told to wait.
Grrr… it really getting on my nerve and I’ve played with an idea of closing my account with them. A question, beside PayPal, what’s the next best account to do business on the Internet?
Sorry for the outburst, somehow I felt relieved after putting it in writing.
See you around Malcolm.
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Malcolm:
Hi there,
I am sorry about what happened. I guess you just keep bugging them or request to reverse the withdrawal.
hi Mal,
i’m not from malaysia, i’m from singapore. i just had troubles withdrawing my paypal funds. just like to know if i can withdraw it using my standard chartered mastercard debit card?
need your help,thanks.
============
Malcolm:
Hi Juztine,
You can give it a shot and see if it works. If it doesn’t work or there is no option to select a MasterCard instead of Visa, then I guess Standard Chartered has not allowed this card for withdrawal yet. You can always check with card services department of Stan Chart.
Hi Malcolm,
how about TUNE MONEY VISA CARD?
============
Malcolm:
I came across someone did manage to withdraw PayPal funds to that card. Are you trying it?
Hi Malcolm,
Your website is very informative. I just have a question. I’ve registered Paypal Business account.
Can I use same Public Bank Visa Electron debit card to verify my account and withdraw money ? TQ
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Malcolm: Evelyn. Thank you for the compliment. Yes you can use the same Public Bank Visa Electron debit card to verify your account and withdraw funds. It can be a source of funding as well which means if you do not have PayPal funds when you want to pay using PayPal, funds can be transferred from your card to PayPal and immediately to the seller.
Hi Malcolm, i just realized that each withdrawal from PB debit card cost us RM10. Last month i performed 5 withdrawal and it cost me RM50. It’s expensive man.. Do you know what is the maximum withdraw for PB debit card each time and per day?
=================
Malcolm:
Dear Darren,
If you are in Malaysia, I advise you to withdraw from the nearest Public Bank ATM machine. Withdrawal from other Malaysian ATM machines will incur you RM 10 per withdrawal. You can check the rates here.
Hi Malcom,
It seems that there is a withdrawal limit of USD500/day from paypal.(to malaysian visa debit/credit cards)
Paypal says “verified members have unlimited send, receive, and withdraw capabilities on their accounts”
Some who have have verified their paypal accounts still complain about the USD500/day limit
Is there a way around this? I also heard that if you are lucky, Paypal can negotiate with individuals to lift this daily limit.
whats your advice?
thanks much
nikt
=====================
Malcolm:
Hi nikt. Thank you for your question.
If you plan to withdraw PayPal funds to your Malaysian Visa branded credit or debit card, you will be limited to USD 500 a day. For cards from other countries, you can check your daily withdrawal limit to cards by signing into your PayPal account and click View Limits on the Account Overview page.
The link is at the top right corner of the box which displays your current PayPal balance.
The work around is to withdraw to a bank account in the US and PayPal will not limit your withdrawal amount. However, please do not withdraw huge amount all of a sudden without a history of gradual withdrawals. If you are PayPal, you will be concern if it is an act of theft. A little common sense will help to avoid suspension of your PayPal account.
i have al rajhi debit card .can i top up my account using ATM machine?
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Malcolm:
Hi Izad,
Which account would you like to top up using ATM machine? Your PayPal account or Al-Rajhi account. For your information, Al-Rajhi Visa ATM debit card cannot be a source of funding for your purchases using PayPal but only for withdrawal for PayPal funds to your Al-Rajhi Visa ATM Debit Card.
hi,..i got a problem verifying my al rajhi visa to my pay pal as secondary acc.tried few times and its says ‘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.’ theres nothing wrong with the detail ive provided.pls advise.and i have sufficient money in the acc.i have about rm70.,but it seens still cant verify n link the visa to my paypal acpunt.thanks.
—————-
Malcolm
Hi ricaro,
PayPal does not allow you to add Al-Rajhi Visa debit card to your PayPal account for funding purpose as what you tried to do. You can only add this card when you withdraw PayPal funds. In short, Al-Rajhi Visa debit card is only for withdrawal purpose and cannot be used as a funding source which require you to verify your card first.
Dear Malcolm,
I am now waiting for my Public bank visa electron card. I have one question. If i withdraw, say USD50, to my card. The amount that i will received is USD45 after deducting the transaction fee of USD5, right?
So, what’s the rate i will get when transferring the USD45 to RINGGIT M’SIA? Does it based on the foreign exchange rate at the time of transferring?
Before that, i have tt money to US from M’sia local bank to oversea bank, and there is some charges. Does this happened the same to transfer of funds from Paypal to M’sa Visa card? Or the ONLY ONE charge is the USD5 by Paypal AND there’s no charge by Public Bank?
Hope you can solve my query.
Thanks a lot.
==============
Malcolm:
Yes Canny. After deducting USD 5, you will receive USD 45 net. There will not be any other charges by Public Bank or PayPal. When the fund is transferred to your Public Bank’s Visa Electron, the foreign exchange is determined by Visa.
However, only use Public Bank’s ATM when cashing out with your Visa Electron issued by Public Bank. If other Malaysian bank’s ATM is used, Public Bank will charge RM 10 per transaction/withdrawal.
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