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Thread: Taking out funds from Paypal the best way

  1. #1
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    Taking out funds from Paypal the best way

    I have a fairly large amount of funds in PayPal, and need some advice on the best way to get it out.

    There's only 2 ways that I know of, withdraw to a US bank account ( I do have one) or withdraw to debit card.

    I wont be so concerned if not for the falling US dollar. If you have large funds in Paypal,.... it's best you take them out fast. Don't leave them there.

    Regarding withdraw to debit card, can I withdraw it instead to my credit card? Is it allowed? I don't have a debit card, only credit cards.

    If withdraw to a bank account, will I lose more $ to the fees? Or if withdraw to credit card, I lose more? Already lost money to Paypal's fees...if possible don't want to lose anymore

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    Quote Originally Posted by Coolio View Post
    Regarding withdraw to debit card, can I withdraw it instead to my credit card? Is it allowed?
    Yes you can do that with a visa card..... citibank visa seems to get alot of good feedback on this...


    Quote Originally Posted by Coolio View Post
    If withdraw to a bank account, will I lose more $ to the fees?
    No you can't withdraw direct to a bank account... it got to go through a visa credit card or visa debit card.


    Quote Originally Posted by Coolio View Post
    Or if withdraw to credit card, I lose more? Already lost money to Paypal's fees...if possible don't want to lose anymore
    i'm not sure how much is credit card charging for cash withdrawal so i let others answer on this...

    from my personal experience, i used Alrajhi Debit card with the below:-
    1. NO COST on receiving ca$h from paypal acc
    2. NO FEES is you withdraw from Alrajhi ATM Machine ONLY.
    3. The Alrajhi Debit card are basically a personal bank account.
    4. Fast.. withdrawal took about 5 days before it shows in the debit card balance.

  3. #3
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    for a personal or small business (sole prop) in M'sia, the best still is withdraw to a debit card, maybank just launched a visa debit card - no annual fee, you might want to check out.

    below see a list of M'sia issued debit cards works with paypal (from the bloggers!)

    Sell More Online Paypal supports Money withdrawal for Malaysia Merchants?!!

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    $5 charge to your paypal when withdraw from paypal, maximum you can withdraw $500

    that mean only $495 will be debit in your account

    if using creditcard to withdraw, 5% to 10 % charges to the value you withdraw, so apply a debit to avoid those charges.

    withdraw with VISA card, around 1 week to process only, very fast transaction
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    Not much infor from maybank website, just show how the debit card look like..

    not bad, is cool, i also wanna to apply one

    check this out at
    online cards*::*maybankard co-brand*>*petronas maybankard visa
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    Personally I prefer Public Bank's Visa Electron Card, I'm very satisfied with it.
    Withdrawal takes 3 working days only. And, yeah, you might wanna check out the new debit card from Maybank

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    Quote Originally Posted by chris79 View Post
    Personally I prefer Public Bank's Visa Electron Card, I'm very satisfied with it.
    Withdrawal takes 3 working days only. And, yeah, you might wanna check out the new debit card from Maybank
    yes, i agree with you, i withdraw 1 time from public debit, that time i withdraw is during CNY

    I withdraw from tuesday, wednesday and thursday are CNY, continues a malay raya at friday, then week end, the following week tuesday i already take the money. mean less then 3 working days only.
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    Actually, I found out Paypal will charge you $5 to transfer funds to a debit/credit card...

    According to their site, it says 5-7 working days.

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    what's CNY???

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    Quote Originally Posted by Coolio View Post
    Actually, I found out Paypal will charge you $5 to transfer funds to a debit/credit card...

    According to their site, it says 5-7 working days.
    yes, this is their T&C, cannot avoid, so withdraw more will be more worth
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    Quote Originally Posted by Hujimy View Post
    what's CNY???
    Chinese New Year

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    Have anyone try to use tunemoney.com services? I mean their prepaid visa card?
    Last edited by jtren; 08-04-2008 at 01:14 AM.

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    PayPal: "Fasten your seat belts... while browsing on the Internet"

    It seems that PayPal is really decided to put an end to scamming and to show the whole world who is a real leader on the market of secure online solutions. So, not so long ago PayPal was speaking about three-way struggle against phishing. And here is a new step in the struggle against Internet fraud. PayPal says allowing customers to make financial transactions on unsafe browsers "is equal to a car manufacturer allowing drivers to buy one of their vehicles without seat belts."

  14. #14
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    use al-rajhi debit card. i read in one blog saying that it takes only 3 days to withdraw money to alrajhi debit card. the best thing is that it's damn easy to get it.Just open a saving account with al-rajhi bank and you'll get the card right away.

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    Quote Originally Posted by serre86 View Post
    use al-rajhi debit card. i read in one blog saying that it takes only 3 days to withdraw money to alrajhi debit card. the best thing is that it's damn easy to get it.Just open a saving account with al-rajhi bank and you'll get the card right away.
    al-rajhi bank is my first choice so far. I use it to withdraw around 3000 usd and I withdraw 500 x 6 days to finish it, every 3 days I will get the money, so I could say it's fast. But the rate is just normal, around 3.13 - 3.15.

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