Thursday, October 04, 2007

Paypal withdraw with Debit card

All the while since I'm start to cash out money from Paypal, I did it through Bryan. It is the fastest and easiest way to deal with money directly bank into my local bank. Doing withdrawal with them there is some bank transfer charges occur which is quite high too (like 3.4%+0.30 or 4.5%, depending what type of account).

I still looking for a way to do my own cash out as can't depends on other to do for me in long run. Some used VMI which is virtual debit card and they complain that it needs charges each month. Many got it, but not using it. Cash out the money using credit card is also another way which we can do all the while. But the charges when you withdraw is high like 5% from Citibank. So the cash out seems like losing here and there with all the bank charges going through.

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Now is the time you can eliminates all those charges. After I got to know from her, we can cash out Paypal money directly to Visa Debit/credit card. This is the new withdrawal feature in Paypal, which only charge USD5 for the fund transfer. Since credit card need charges on withdrawal, we can get Visa Debit card from local bank to do it.

Public Bank is offering Visa Electron card. The annual fee is RM24 and waived for cash withdrawal from Public Bank ATM. It is just a very good news to us. With only $5 charges we can get our USD back in MYR just as easy as that.

7 comments:

cbenc12 said...

i just love paypal for the great news! don't you?

Sean said...

I am not going to withdraw it yet, as I only have small amount in my paypal, haha~!

Lemonjude said...

cbenc12: Yeah, this is pretty good, I just apply the debit card today.

Sean: Wait till you accumulate more, you will happen to read it from ATM.

Health Freak Mommy said...

I received the email from Paypal reg this new feature yesterday. Now, I don't hv to transfer my money into my bro's a/c in Spore anymore, yay!!
I've linked you up too :)

etceteramommy.com said...

Just don't understand why they don't accept Malaysian accounts. Anyway.. luckily it's just USD5. Great news to share!

jazzmint said...

i just withdraw mine, to clear my credit card haha...

Desperate Mummy said...

Good news !! thanks for sharing wif us Judy.