Withdraw Paypal fund to Debit Card

This topic become more and more popular few month ago when Paypal announce that allow to withdraw fund to debit card. Here come my experience…

Experience 1
2 month ago, about the time to cash out my Paypal fund, around December 2007, paypal suddenly send an email for me mention that my Public Bank Debit Card has been expired. After few email chit chat with Paypal technical support, they are unable to solve my problem, the only solution Paypal give me is to add another card… I have no idea why, so I call to public bank and ask, as expected, they can’t answer my question, so I send an email to them. After a week, Public Bank call me and I again explain, they agree to give me a new card. Hoo…Ray…but need to wait a week time.

My 2 cent
May be when I add in my debit card 1 year ago, Dec 2006, I did not verify it. After 1 year, the PayPal’s system will remove it. So beware if you don’t verify your account, faster verify it before it is too late.

vs

Experience 2
So on that time, add in new card is only solution; if I wait my new Debit Card to arrive and wait for verify code(2-4 week at least), the more risk my USD put at Paypal…

To speed up the process, I immediate add in my Credit Card for verify (No choice, have to take risk, Credit Card over Internet are more risky). After that, I call to credit card center to obtain the 4 digit code, and my paypal successful verify.

After Verify my account, and get my new Debit Card last week, I try to withdraw 500USD to my Debit Card. With 5USD charges, total withdraw is USD495

withdraw paypal fund to debit card

It stated that 5 to 7 days process, I was expected my account will credited late, due to holidays( Chinese New Year) and week end. Who know, I check my Bank Account at the 1st days on this week, my account was credited MYR1580.67

I withdraw 500USD on last Tuesday, and Thursday was Chinese New Year following with week end, and 1st day on this week was credited. The process was faster then my expectation. I not sure the process of other bank, but for Public Bank, I can give 3 thumb up!!!

Worth or Not worth
Worth!!! The conversion rate was MYR1580.67/USD495 = 3.1933 . According to TheStar.com.my, the exchange rate for that days was 3.2020. The rate is reasonable. But….

Not Worth!!! If you would like to calculate also the 5USD charges, which mean the rate will be MYR1580.67/USD500 = 3.1613 only. I selling my fund over forum also can get conversion rate 3.20++

So depend on what you need, fast process of higher conversion rate ??? actually for me is the same.

So what your experience?

18 Responses to “Withdraw Paypal fund to Debit Card”

  1. eL February 12, 2008 at 9:25 pm #

    Is there any extra charge beside that by the bank or maybe by paypal?

    As for now, my paypal fund, i rather sell it personally to the people who want it. normally i go for 3.20

  2. Kitkat February 13, 2008 at 12:42 am #

    No money in paypal to withdraw ler… how?

  3. calvyn February 13, 2008 at 10:23 am #

    eL > There was no other extra charges except the USD5 charges when withdraw from paypal…

    For public bank debit, no withdraw charge from ATM, other bank I not sure, and for Credit card, sure get charges during withdraw from ATM

  4. eL February 13, 2008 at 10:25 am #

    so then, i believe selling it personally to who ever want the fund is a good way right?

    dude, maxis 3g s*ck really bad since last month to this month. I hardly get connected at msn messenger, and now my ym keep disconnecting ๐Ÿ™ and the worst part i can’t even shopping on ebay ๐Ÿ™

  5. Edward February 14, 2008 at 12:44 pm #

    Fast process gotta be the best choice, it is always better to see $$$ comes into their hands faster, right? ๐Ÿ˜‰

    Happy Valentineโ€™s Day!

  6. vickie February 15, 2008 at 1:03 am #

    whoa…just realize you simpan simpan so much $$ on paypal!

  7. calvyn February 15, 2008 at 3:01 am #

    eL > Yes, my maxis too, HSDPA, but the connection like GPRS… I going to send them email to complaint, hope you can send to, I guess more people send complaint they will take some action

    Edward >
    You are right, keeping money over the internet 1 more day will risk 1 more day, better see the figure in our bank acount

    vickie >
    haha! all are hard earn money over the Internet… all are over time job, every night do until mid nite, lol… ๐Ÿ˜€

  8. kahpeng February 15, 2008 at 7:27 pm #

    fuiyoh don’t pray pray lo… USD500 lo, my paypyal also don’t have so much. keke… gimme $$ ๐Ÿ˜›

  9. Steve Yu February 15, 2008 at 9:51 pm #

    I wish I have that much of money in my paypal. ๐Ÿ™ The last time I withdraw the money from paypal was less than USD 100.

  10. allenooi February 18, 2008 at 11:13 am #

    never tried to transfer paypal money before. will do it soon after everything is done. thanks for the sharing, really good tips for us.

  11. calvyn February 19, 2008 at 11:52 am #

    kahpeng > haha, this one accumulate long time already…

    Steve Yu > less then 100USD seen like not so worth,cos the 5USD charges already cost u 5% of ur money… too bad, USD keep on dropping, seen like no worth to withdraw

    allenooi > Hope to see ur turn

  12. hp84 February 20, 2008 at 7:24 pm #

    hi icalvyn, I already verify my paypal with Public Bank debit card. I think there is something wrong with your card. Maybe you can try to add the new card again into the Paypal system

  13. lankapo February 22, 2008 at 9:08 pm #

    I use Tunecard from Tunemoney.com to withdraw money from PayPal.
    Instant approval and easy to cash out money.

    icalvyn, how come u have so much money in paypal. any tips for new bie like me ๐Ÿ™‚

  14. calvyn February 23, 2008 at 4:27 pm #

    hp84 > yes, already add my new card, and withdraw from there too…

    lankapo >
    Tunecard i never use before, ist good? I also want to apply one if nice.

    I star blogging already 1 year and all the earning keep keep keep until now only cash out lo… nothing special one! I earn from wring sponsored post

  15. lankapo February 23, 2008 at 4:38 pm #

    SO far so good, ๐Ÿ™‚ I use Tunecard after fail to get other debit card. It just easy to apply, that’s all.

    I do payperpost too, but not that much hehe

  16. calvyn February 24, 2008 at 1:47 am #

    payperpost you need to have higher ranking to get higher pay. I did not make much there, I make more at sponsored review.

    to get higher ranking, build back link, and increase ur traffic

  17. teibdeng July 11, 2008 at 9:42 am #

    hiiiiiiii please need visa debit card im so tired and i can more than that

  18. nono August 8, 2009 at 2:29 pm #

    Quote : “May be when I add in my debit card 1 year ago, Dec 2006, I did not verify it. After 1 year, the PayPalโ€™s system will remove it. So beware if you donโ€™t verify your account, faster verify it before it is too late.”

    how to verify? it’s verify the card or paypal account? thanks~

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