Now You Can Withdraw PayPal Money to Debit, Credit Cards

Filed in: E-commerce Solution, PayPal — October 2nd, 2007

PayPalPayPal announced new funds withdrawal functionality to withdraw PayPal money to credit card, debit card, or prepaid cards in 26 countries. The process only takes 3 easy steps.

withdraw paypal funds to credit card
Image: withdraw paypal funds to credit card

The new feature is great for PayPal members in the countries where previously can send money but had limited ways to receive or withdraw money. Example: Previously, Malaysian PayPal members can only send or receive PayPal funds but no official way to withdraw the funds. Now, they can withdraw their funds to their card.

The new functionality is available in: Argentina, Brazil, Bulgaria, Chile, Cyprus, Estonia, Gibraltar, Iceland, Indonesia, India, Israel, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malaysia, Malta, Philippines, Romania, San Marino, Slovakia, Slovenia, Turkey, UAE, and Uruguay.

Check PayPal Offerings Worldwide for updates.

Withdraw PayPal funds to your card

Before you can withdraw PayPal funds to your card, you need to add a valid debit, credit card or prepaid card to your account.

The PayPal website stated that you can withdraw PayPal funds to both Visa and MasterCard cards but the official blog stated that the new withdrawal function is only available to Visa-branded cards. But I believe MasterCard cards will be supported soon.

Each withdrawal cost $5 USD. Minimum withdrawal amount is $10 USD (check other currency limits). Maximum withdrawal amount per day is $500 USD. The processing time takes 5-7 business days.

My two cents

This is a great news for those “PayPal Limited Functionality Countries” such as Malaysia. We have waited for this for years! Ever since PayPal started accepting Malaysian registrations in 2004, PayPal funds withdrawal was a feature we always asked for.

Malaysians local PayPal funds withdrawal functionality was promised in the Ebay Explained 2006. I am glad that they cashed their promise now. :)

[hat tip: jimmychin, Wayne Liew, KennyP, Rammel Firdaus, Zaiful Zin, and enches]

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  • http://www.virgel.wordpress.com/ Jenna

    Visa credit card holders are now free to withdraw their paypal account to the credit card. It will be easier to make payments for people but can also cause problems as it has been mentoned above.

  • http://www.virgel.wordpress.com Jenna

    Visa credit card holders are now free to withdraw their paypal account to the credit card. It will be easier to make payments for people but can also cause problems as it has been mentoned above.

  • http://digitalproductscenter.com/ Ainuddin

    Now it is not necessary to transfer monies in PayPal accounts to Visa credit cards because PayPal has announced a partnership with MasterCard that allows users to shop on sites that don’t accept PayPal directly.
    Read more at http://blogs.techrepublic.com.com/tech-news/?p=1610&tag=nl.e019

    I’m happy with this arrangement because now I can use my online earnings from the sales (paid to PayPal) of digital products at my websites to pay for expenses charged by merchants not accepting PayPal.

  • http://digitalproductscenter.com Ainuddin

    Now it is not necessary to transfer monies in PayPal accounts to Visa credit cards because PayPal has announced a partnership with MasterCard that allows users to shop on sites that don’t accept PayPal directly.
    Read more at http://blogs.techrepublic.com.com/tech-news/?p=1610&tag=nl.e019

    I’m happy with this arrangement because now I can use my online earnings from the sales (paid to PayPal) of digital products at my websites to pay for expenses charged by merchants not accepting PayPal.

  • http://digitalproductscenter.com/ Ainuddin

    PayPal Plug-In has to be downloaded from the PayPal site to put PayPal on your browser to shop with PayPal anywhere online.

  • http://digitalproductscenter.com Ainuddin

    PayPal Plug-In has to be downloaded from the PayPal site to put PayPal on your browser to shop with PayPal anywhere online.

  • Zeri

    Dear LcF (or anyone who knows),
    i was just wondering if you know the maximum value we can transfer from our Paypal account to PB Electron Debit Card. (I’m just asking since you also have PB debit card)

    I’ve tried transfering USD100 and it worked! and I was planning to transfer more but I’m just afraid if Public Bank will retain or warn me if I transfer too much…

  • Zeri

    Dear LcF (or anyone who knows),
    i was just wondering if you know the maximum value we can transfer from our Paypal account to PB Electron Debit Card. (I’m just asking since you also have PB debit card)

    I’ve tried transfering USD100 and it worked! and I was planning to transfer more but I’m just afraid if Public Bank will retain or warn me if I transfer too much…

  • LcF

    @Zeri: Maximum withdrawal amount per day is $500 USD.

  • LcF

    @Zeri: Maximum withdrawal amount per day is $500 USD.

  • Zeri

    aah, i forgot to mention that I knew that the maximum withdrawal amount per day is USD500, but that is from Paypal right? My previous question was dedicated more to the recipient bank, I mean, so if we transfer USD500 into PB Debit Card, sure can success? Public Bank doesn’t put any limited amount that can be transferred into PB Debit Card? like example maybe not more than USD200.. something like that?

  • Zeri

    aah, i forgot to mention that I knew that the maximum withdrawal amount per day is USD500, but that is from Paypal right? My previous question was dedicated more to the recipient bank, I mean, so if we transfer USD500 into PB Debit Card, sure can success? Public Bank doesn’t put any limited amount that can be transferred into PB Debit Card? like example maybe not more than USD200.. something like that?

  • LcF

    @Zeri: I did transfered USD500 to my PB Debit card. no problem.

  • LcF

    @Zeri: I did transfered USD500 to my PB Debit card. no problem.

  • Zeri

    ah i see, so PB permits then. :)

    thanks a lot for answering :)

  • Zeri

    ah i see, so PB permits then. :)

    thanks a lot for answering :)

  • http://AdsenseForDummies.com/ AdsenseForDummies.com

    Greetings to all,

    This morning I was notified by PayPal that I had paid $46.85 USD to [email protected] for a copy of Digimax 134 at ebay.

    Since I didn’t buy anything from ebay the past eight months I googled “Digimax 134″ and read the following:

    “Hi All – just be careful about the scams that run rampant this time of year — I just received this one… 1st reaction would be to click the link .. but that’s what the thieves want you to do.. Please don’t fall for it!

    I added in the “XXX” just incase they stole somone’s REAL info.’

    More info at http://boards.hgtv.com/eve/forums/a/tpc/f/1004031632/m/7661056643

    Earlier I had read an email demanding payment from ebay and clicked the link for info about the transaction.

    I wanted to dispute the transaction but I was unable to complete the PayPal’s Dispute Transaction form because I’m not sure what to type for about “Card PIN:”

    Is it the the 4 digits (before the Card Verification
    Number) at the back of my Mastercard?

    I don’t want not try because there is a warning as follows:

    ‘ If you provide a wrong PIN your account will be suspended for unauthorized account access.’

    If this had been happening, I wonder why PayPal didn’t freeze [email protected]‘s account.

    Please help. Thanks.

  • http://AdsenseForDummies.com AdsenseForDummies.com

    Greetings to all,

    This morning I was notified by PayPal that I had paid $46.85 USD to [email protected] for a copy of Digimax 134 at ebay.

    Since I didn’t buy anything from ebay the past eight months I googled “Digimax 134″ and read the following:

    “Hi All – just be careful about the scams that run rampant this time of year — I just received this one… 1st reaction would be to click the link .. but that’s what the thieves want you to do.. Please don’t fall for it!

    I added in the “XXX” just incase they stole somone’s REAL info.’

    More info at http://boards.hgtv.com/eve/forums/a/tpc/f/1004031632/m/7661056643

    Earlier I had read an email demanding payment from ebay and clicked the link for info about the transaction.

    I wanted to dispute the transaction but I was unable to complete the PayPal’s Dispute Transaction form because I’m not sure what to type for about “Card PIN:”

    Is it the the 4 digits (before the Card Verification
    Number) at the back of my Mastercard?

    I don’t want not try because there is a warning as follows:

    ‘ If you provide a wrong PIN your account will be suspended for unauthorized account access.’

    If this had been happening, I wonder why PayPal didn’t freeze [email protected]‘s account.

    Please help. Thanks.

  • http://AdsenseForDummies.com/ AdsenseForDummies.com
  • http://AdsenseForDummies.com AdsenseForDummies.com
  • Alison

    I just received a notification from “PayPal” that I paid $46.85 USD to franz2nutty at yahoo.com for a copy of Digimax 134 at ebay. What a scam! Luckily I googled Digimax 134 before I clicked the link. It was a false notification.

  • Alison

    I just received a notification from “PayPal” that I paid $46.85 USD to franz2nutty at yahoo.com for a copy of Digimax 134 at ebay. What a scam! Luckily I googled Digimax 134 before I clicked the link. It was a false notification.

  • http://AdsenseForDummies.com/ AdsenseForDummies.com

    Alison,

    I had given a warning earlier on 27-12-2007.

    To safeguard one’s PayPal account read http://digitalproductscenter.com/ebooks/doing-business-with-paypal/index.html entitled “Doing Business With PayPal”.

  • http://AdsenseForDummies.com AdsenseForDummies.com

    Alison,

    I had given a warning earlier on 27-12-2007.

    To safeguard one’s PayPal account read http://digitalproductscenter.com/ebooks/doing-business-with-paypal/index.html entitled “Doing Business With PayPal”.

  • CDL

    Dear LcF (or anyone who knows),
    just wanna noe if i register a Premier Account i Paypal, how mush i shud pay for the monthly charges?

    and beisde that, does UOB debit card that provide to college student is allow to use?

  • CDL

    Dear LcF (or anyone who knows),
    just wanna noe if i register a Premier Account i Paypal, how mush i shud pay for the monthly charges?

    and beisde that, does UOB debit card that provide to college student is allow to use?

  • LcF

    @CDL: PayPal Premier Account does not charge monthly fee. However, it has different fee structure that you can check at http://moourl.com/paypalfee

  • LcF

    @CDL: PayPal Premier Account does not charge monthly fee. However, it has different fee structure that you can check at http://moourl.com/paypalfee

  • CDL

    thx for ur answering~

  • CDL

    thx for ur answering~

  • dan

    it says in paypal that i could use a debit card to buy items at ebay, im from thailand and there is no one really who knows about this matter.

    when i typed my debit card number as it is stated in my atm card that it is a debit card, paypal said that the card that im using isnt acceptable and i must check in my local bank about the matter.

    please help me sir, thanks

  • dan

    it says in paypal that i could use a debit card to buy items at ebay, im from thailand and there is no one really who knows about this matter.

    when i typed my debit card number as it is stated in my atm card that it is a debit card, paypal said that the card that im using isnt acceptable and i must check in my local bank about the matter.

    please help me sir, thanks

  • http://www.bmahendran.com/ mahendran

    thank you for the great tips! just knew about this :p

  • http://www.bmahendran.com mahendran

    thank you for the great tips! just knew about this :p

  • http://www.bmahendran.com/ mahendran

    can we use TuneMoney.com’s ViSA prepaid card to withdraw from Paypal ?

  • http://www.bmahendran.com mahendran

    can we use TuneMoney.com’s ViSA prepaid card to withdraw from Paypal ?

  • http://jeremylooi.blogspot.com/ Jeremy

    if paypal withdrawal is complete, so how many days we need to wait for the money to transfer to our PB electron card?? Liew??

  • http://jeremylooi.blogspot.com Jeremy

    if paypal withdrawal is complete, so how many days we need to wait for the money to transfer to our PB electron card?? Liew??

  • LcF

    @Jeremy: about 2 to 3 days

  • LcF

    @Jeremy: about 2 to 3 days

  • http://jeremylooi.blogspot.com/ Jeremy

    Thanks Liew.. just received the withdrawal. it works!! SO happy!!

  • http://jeremylooi.blogspot.com Jeremy

    Thanks Liew.. just received the withdrawal. it works!! SO happy!!

  • joey

    hi there, i was seriously excited when i know there’s a blog that actually discuss bout malaysian debit card and paypal. good work should i say :P

    anyway, i need your help. im a student in Kuala Lumpur and my home town is in Sabah, so i have problems on buying online airplane ticket. when i read your article bout Visa Electron Debit Card, i straight away apply for it and im waiting for it. so i wonder can i use that card to buy an online ticket or online purchasing as i am very interested on buying foreign movies which only available online..

    and how can i apply paypal?? can i apply with Visa Electron?

  • joey

    hi there, i was seriously excited when i know there’s a blog that actually discuss bout malaysian debit card and paypal. good work should i say :P

    anyway, i need your help. im a student in Kuala Lumpur and my home town is in Sabah, so i have problems on buying online airplane ticket. when i read your article bout Visa Electron Debit Card, i straight away apply for it and im waiting for it. so i wonder can i use that card to buy an online ticket or online purchasing as i am very interested on buying foreign movies which only available online..

    and how can i apply paypal?? can i apply with Visa Electron?

  • http://www.felextan.com/ Felex Tan

    I use al- rajhi visa card to withdraw.

  • http://www.felextan.com Felex Tan

    I use al- rajhi visa card to withdraw.

  • http://jeremylooi.blogspot.com/ Jeremy

    buy online ticket using debit card? credit card will do. :D
    US currency is drop.. the latest exchange rate I got is 1USD = 3.165
    RM.. too bad..

  • http://jeremylooi.blogspot.com Jeremy

    buy online ticket using debit card? credit card will do. :D
    US currency is drop.. the latest exchange rate I got is 1USD = 3.165
    RM.. too bad..

  • yeohyc

    Bro Liew,

    I am interested to apply for Maybank Visa Electron Debit.

    Can I use it to verified to Paypal and withdraw money from Paypal.

    Thanks

  • yeohyc

    Bro Liew,

    I am interested to apply for Maybank Visa Electron Debit.

    Can I use it to verified to Paypal and withdraw money from Paypal.

    Thanks

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