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Posts Tagged ‘paypal’

PayPal Withdrawl Approved To Al Rajhi Debit Card

Tuesday, May 12th, 2009

The PayPal withdrawl that I mentioned in an earlier post finally managed to get through to my account. PayPal took USD5 as a transaction fee and then 2 transactions of RM1 from my Al Rajhi account. The staff at the bank told me that this was a verification charge.

All in all, my withdrawl of USD 208.66 from PayPal returned me RM720.54. Which gives an exchange rate of 1USD to RM3.45 which is a bit lower than the current rate of RM3.51 to USD1.

So all in all not bad. Now I just need to increase PayPal income, it seems to be the most convenient way to get foreign currency to your local account. Cashing a cheque takes much longer and also has much higher clearing fees.

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Al Rajhi Bank Debit Card Accepts Paypal

Monday, May 4th, 2009

In my previous post, I mentioned that both my Maybank and Standard Chartered debit cards were rejected by Paypal. Having no other choice, I’ve opened a savings account under Al Rajhi bank to try their debit card for Paypal withdrawls.

alrajhibankdebitcardpaypal

Will try and withdraw out USD200 to see if it works, but I’ll only know between 5 and 7 days later. Also, remember that the exchange rate that they ‘buy’ the US Dollar from you is based on the TT exchange rate, meaning it will be quite alot lower than the regular ‘buy’ rate.

Technically I should get close to RM700.

Will see how it goes and update again in the future.

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Posted in Uncategorized | 6 Comments »

PayPal Rejects Maybank Visa Debit Card and Standard Chartered Mastercard Debit Card

Thursday, April 30th, 2009

As said in the title, I’ve been trying to figure out how to withdraw funds from Paypal which I’ve made from my freelance web design and so far, two cards I have, have been rejected on PayPal.

It’s not really their fault, since the banks reject the cards, not PayPal.

But PayPal did accept my Maybank Visa Credit Card. Any idea if there are extra charges for taking out money from the credit card once the money has been transferred there?

I have a normal Maybank account as well, meaning technically I should be able to trasnfer from my Visa account to my Saving account right?

And once the funds are in my credit card, won’t it just automatically deduct from how much I owe to the bank? After all, the funds go into the ‘credit’ column of your accounts…

Any help would be appreciated,

Thanks,

-William

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Posted in Money | 1 Comment »