Paypal announced new withdrawal features

paypal visa

Remember few days ago I blogged about Paypal enabling users to withdraw via debit card and credit card? Well, folks at Paypal has now officially put this into an announcement.

Here’s a direct quoting from Paypal:

We’re pleased to announce the launch of a new withdrawal feature, allowing you to transfer funds from your PayPal account to your Visa® branded credit, debit or prepaid card. This new feature will enable you to gain convenient access to your funds and is available in 26 countries, including Malaysia, India, Indonesia and the Philippines.

This is definitely a good news for those who have funds in their Paypal account but struggling on how you can withdraw them out. Hop over to the Paypal announcement page to understand more on:

How does it work?

Will every Visa® credit or debit card work?

How do I determine if my Visa® credit, debit or prepaid card is eligible to withdraw funds?

How long does it take to receive funds to my credit, debit, or prepaid card?

How do the funds appear on my credit/debit/prepaid card?

Are there any minimum or maximum withdrawal amounts?

How much does it cost

So I guess this should put a stop on those Malaysianpal or sites that makes you pay for ebooks that teach you how to withdraw from Paypal?

Comments

iCalvyn October 5th, 2007

Mostly people are concern on the fees charges, if the fees is low, it bring benefit to those beginner like me.
Reply
Wing Loon October 5th, 2007

Do you guys know how much is the fee? I don’t have a Paypal account, :(
Reply
em October 6th, 2007

Does it work for Malaysia credit or debit card? or just USA credit card? anyone successfully try on it?
Reply
Wayne Liew October 6th, 2007

Why just Visa? Hmm…

@ em
Many had tried on it and some works some don’t. This is for credit cards and debit cards of both US and non-US (but in the list) countries.
Reply
hongkiat October 8th, 2007

Here’s how Paypal charge.

There is a withdrawal fee of US$5.00 (or local currency equivalent) per transaction. Currency conversion and return fees may also apply. Visit the fees page to learn more.

Reply
Steven Wong October 16th, 2007

Hello Hong Kiat,

I have spent sometimes (in fact more than 3 hours) just complied the list from varies bloggers experiences on PayPal withdrawal.

The summary list will be able to help you and your readers know the big picture on which are the cards able to withdraw PayPal fund.

Please let me know if any updates you like to contribute and I hope you will be benefits it.

Check out the PayPal Announced The Official Guide on Debit Card Withdrawal Features full post from my blog.

Thank you.
Reply