Oct 24 2007
Withdrawing Money from PayPal
I think it was a few weeks ago, PayPal announced that fund can be withdrawn to Visa cards.
After my efforts to streamline my credit cards, I’ve reduced to ‘only’ 2 Mastercards and 2 Visa cards. Of which, one of each type is on the way to be terminated in November – got it in promotion, need to terminate them before they charge me annual fees!
It leaves me with 1 HSBC Mastercard and 1 Direct Access Visa card.
I tried withdrawing with my DA Visa. Oops, failed. Why? According to DA, their cards do not support any virtual transactions – cannot used to pay online, receive funds online, etc.
Just happened that HSBC contacted me 2 weeks ago, offering me 2-years free Visa card. I accepted it because of this PayPal thingy. It is now in the PostLaju office as I wasn’t at home to receive it last week. Still lazy to collect it till today. 
Since I’ve used up almost all my PayPal money to eBay (now I realized I am a terrible shopper!), I’m not that desperate to withdraw my Paypal fund at all. After all, since reading the experience of other bloggers like Lilian, Msau, Samm, etc., where there are charges by PayPal (USD5 per transaction — RM16 equivalent) and the poor exchange rate of 3.3, it makes me less interested to withdraw my money.
Most of bloggers tried to withdraw money into their debit cards, so the money can be really ‘withdrawn’. If withdrawing to credit cards, money cannot be ‘taken’ unless paying a cash advance fee. As I have very little money, I aim to withdraw into credit card to help settling my bill – guess there is no issue with it.
Anyway, as long as I have usage of the PayPal money in eBay, I will leave them there first… 
Maybe until I have no ‘cheap shipping methods’ like my US friends and UK cousins, I will stop spending on eBay and withdraw all my PayPal money.
Oh, BTW, not all bank’s Visa cards work though. Here is a page listing cards that work and those cannot work. HSBC is not in the list yet, but from Samm’s blog (above), she managed to withdraw the fund and there is a demand draft for her. Looks like I’m ‘safe’ with my new HSBC Visa card. As usual, I am a laggard – wait and see till everyone tested the water first, before I jump in. Hahaha!
I also have problem with RHB debit card..not able to add the card to paypal.
but if keep in Paypal also not a wise choice…heard the rate going to drop to 1:3 next year. 
montessorimom: You mean USD going down further?
Why lar… when we want it low, it was high, and when we want it hight, it is low… 
I am also waiting on the wings for someone to do it first, i.e withdraw to credit card.
PB applied for a paypal debit card from paypal . .and it arrived 2 weeks later. We can use this card in any atm machine.. and also any shops here.. that accepts mastercard. I know there is a small fee for each transaction.. but i donch know how much.
yup me using hsbc visa card, it went thru…wonder they got debit card or not though.
hey if u got time visit wokkingmum.blogspot.com. she got alot great yummy looknig recipe, maybe can try for your kids
mamabok: wah, paypal debit card? we don’t have it here in Malaysia ler…
jazzmint: Great! Another blogger confirmed HSBC okay, so it should be safe for me then. Thanks for the recipe blog. It is very handy as I’ve been bookmarking these sites lately for ideas.
if i dont have a credit card,what are the other method can i withdraw money from paypal?..
Fimo: Not that I heard of, in Malaysia. In other countries they can withdraw to verified bank accounts, but looks like in Malaysia CC or Debit Card is the only way.
I verified my Paypal account with RHB Debit Card.
haiz.. facing the problem of unable to add my new RHB tesco debit to paypal n withdrawing my cash from paypal..
N the customer service officers in RHB careline doesnt sound too sure about the whole paypal issue
syikin: Aiyah, Malaysians mostly not aware of paypal wan… even bank’s officers also may not be familiar, unless they use internet a lot. LOL!