Rate for Cashout Paypal fund to Visa Card higher then Bank

As mention before Paypal allow to withdraw paypal to Malaysia bank, and found some people mention that the rate is lower, but without much proof.

Due to cash flow problem, I decide to cash out most of my paypal fund to my VISA card and also local bank. I have made a cash out of USD$500 to my VISA debit, and USD$500 to my bank account on last week 5th November 2009 night.

Just working 3 days later, and found my bank account with this detail:

cash out paypal to malaysia bank

Total RM1665.90 ($500) , as per promise during my cash out last week at conversion rate 3.3318

cash out paypal to visa card

In another hand, in my VISA card detail show RM1665.04 ($495) , which conversion rate at 3.3637, faster 1 day compare to bank.

On this “experiment”, it shows that rate for cash out Paypal fund to Visa card higher then bank and due to the $5 transaction fees charges during cash out paypal at VISA card, the cash out money at VISA still slightly lower then bank.

As conclusion, cash out paypal to bank is the smarter choice, further more, another advantage for those who have a lot paypal fund to cash out every day. For VISA cash out method, only $500 maximum cash out per day, while bank, you can cash out more then $500.

7 Responses to “Rate for Cashout Paypal fund to Visa Card higher then Bank”

  1. imDavidLee November 11, 2009 at 7:27 am #

    wah…so now know the rate d…hope can continue to earn..oh ya..this month i have 1 client sign under me d..still 20 days to go, dunno can achieve 6 per month or not..

  2. Jayce November 11, 2009 at 1:25 pm #

    Thanks for the info, Calvyn. 🙂

  3. Mike November 11, 2009 at 5:00 pm #

    Thanks for the “experiment”. That was very useful! So to summarize – cash out to bank is cheaper but takes 1 day longer. Sounds like a good deal.

  4. KevinChong November 12, 2009 at 8:05 pm #

    Oh I see. This is the good experiment for us, So I will choose cash out from paypal to Bank rather than Visa card. It will be more cost fee and it has got limit of withdrawal USD 500.

  5. Prince of Andalus November 16, 2009 at 11:52 am #

    tq for the review

    you got much money in your paypal, hehehe

  6. Edward November 16, 2009 at 12:08 pm #

    Glad to see finally they have provided this service, it was so painful to get charge 10USD every time when i tried to withdraw 1000USD

  7. Yadanox December 14, 2009 at 12:33 pm #

    looking for good bank, paypal, logins, and fullz… Please Dont Waste my time if you not serious!

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