8/05/2008

The Tips For Online Business - How To Draw Money From The PayPal?? (For Malaysian)


Well, when I browsed through the internet for information about PayPal, I came across many articles. Some are condemning PayPal just to promote their products, and some are finding solution on how to withdraw their money from PayPal. Since PayPal does not accept any other bank account except US, it makes things difficult for people who are in other countries (of course, me too!). And what make it worse, PayPal does not accept all kind of credit cards but one with the Visa sign (I refer to the feedback by PayPal on 1st July for my friend). However, not all the credit cards with the Visa sign can be used to register with PayPal in Malaysia. This goes to BSN Matrix (also has the Visa sign), and other Malaysian bank's credit cards.

As far as I know, there are only these credit cards that can be used for PayPal registration in Malaysia - Public Bank debit card or known as Public Bank Visa Electron (you can apply online at http://www.pbebank.com.my/), Ambank NextG Prepaid Mastercard (you can apply online at http://www.internetmoneyblog.com/), TuneMoney.com debit card (apply at http://www.tunemoney.com/), MOL Freedom, UOB ATM visa, Hong Leong Visa (this is confirmed by http://www.websitesolution.com/). Other cards are NOT accepted by PayPal, unless someone in Malaysia has a genius idea to let PayPal accept any other cards from Malaysia.

However, this problem is not only in Malaysia, it happens to the other customers from the other countries. Thus, many are trying to find solution on how to get other alternatives from PayPal. This let them came across with some online money scammers such as GreenZap (don't ever try to use GreenZap, I have made a research by myself, reading hundreds and hundreds of articles, forums, discussions, and even get into its own website, all I can find is GreenZap is clearly an online money scammer; which they would make you believe that, you will get so many benefits but as matter of fact, it will turn your hard-earned money into a useless online money, which has no values in the online trades. You may see that you have bulks of money in your GreenZap account, and yet you can not cash it out to your real world. Plus, you also can not spend it anywhere. Yes, they promised you to sign up with eBay, but until now, after years, ebay still bans this GreenZap. So, Malaysians, do not let yourself being fooled by this!)

Okay, enough about revealing the thruth about GreenZap. Now, lets go to the latest finding about how to withdraw money from PayPal in Malaysia. As I said, there are only above-mentioned cards that are acceptable for PayPal in Malaysia. However, as I browsed through the net for information to my blog, I found this website http://www.meshio.com/, which the owner has come accross this brilliant idea. No one has ever tried it. He found out that Al-Rajhi Bank debit ATM card can also be used to verify your account with PayPal. This adds up to the numbers of cards that can help you to verify your account with PayPal.

What do you have to do to get this debit-ATM card; and how to verify your account with PayPal. If anyone, does not come accross this article from Meshio.com, you can read it from here because I will explain to you on how, he has done it with the ATM debit card from Al-Rajhi (such a brilliant try!).

What you should have to get Al-Rajhi debit ATM card?
  • RM 100 in cash. Please, no bank drafts, checks, or whatsoever.
  • Your NRIC.
  • An Al-Rajhi Bank or branch.
The 19 Valuable Steps to Get Your PayPal Account Verrified by PayPal (for Malaysian) - I will make it short and simple. All the caps words mean IMPORTANT~!
  1. Open ONLY Mudharabah Savings Account and REQUEST along with Debit-ATM Card-i with Al-Rajhi Bank. Don't ask the tellers at Al-Rajhi bank about PayPal fees because they will suddenly turn into aliens (Huh?).
  2. You CAN apply also for AL-Rajhi Current Account-i but need an EXTRA things - either a letter from an introducer who already holds Al-Rajhi Current Account, or a letter from anyone who has 6 months current account statement from the other banks.
  3. Fill up the forms and sign, sign, sign and sign! (Haha~!)
  4. You will be asked to pay for RM 100, and informed that minimum balance that you should have inside your account is RM 50.
  5. The teller will then give you this TWO things - a debit card and a document folder which is also known as Scrolls. MAKE sure you have these two!
  6. DO NOT leave the bank yet, but head to the ATM machine with your TWO main things.
  7. EXPLORE the Scroll and from it, there should be a Confidential/Sulit scroll. OPEN it, there is a 6 MAGICAL PINs (magical number of yours) to obtain an Internet Temporary Pin to activate your Internet Banking Access.
  8. USE your Debit-ATM card with the 6 magical PINs, SELECT OPTION to obtain Internet Temporary Pin; the machine will later print you a 6-digit numbers that will be your Internet Temporary Pin.
  9. MAKE SURE you ACTIVATE your Debit-ATM card first before going home.
  10. Back at home, SURF for http://www.alrajhibank.com.my/. Click the First Time Login under the Internet Banking section.
  11. Read Terms and Conditions, if you are just too lazy, juct click OK.
  12. TAKE OUT the scroll that says Essential Information. And it looks like the image below. (More clear views and images for references, please visit www.meshio.com). CIC number is Customer Number for the first time logon screen. The pin is the 6-digit numbers that you have obtained from the ATM machine. NOT from the Confidential Scroll. Don't get confused here with 6 magical numbers.
  13. Once logged in, INSERT NEW Username and Password replacing the CIC and the Temporary Internet Pin. Please REMEMBER your username and password. Then LOG OUT to start initializing your Internet Banking Account and to do real time online banking.
  14. GO to the HOME of Al-Rajhi Online Banking website, CLICK on Login, INSERT the new username and password (those that you must change in the first time login session). When you are able to login to your online account, means that your account is activated.
  15. Now, open a new window, LOGIN to your PayPal account. CLICK Withdraw under My Account header.
  16. CLICK ON "Withdraw Funds To Your Card" link. Notice that you will be charged USD 5.00 per transaction.
  17. USE the information printed on your Al-Rajhi ATM-Debit Card, fill up the information requested by PayPal. INSERT a single space for every 4 digits as per your Debit Card numbers, and also USE the SAME billing address as the one you provided when applying for Al-Rajhi account. FILL all correctly.
  18. Then, CLICK on Add Card.
  19. If you are succeed, you will see your new card when you click on Withdrawal Link.

Tips and Things To Remember!!!

  • Activate your Debit-ATM Card for Online Banking first before linking it to PayPal.
  • Maximum Withdrawal Limit is USD 500.00, you can check with Meshio.com.

If you need anymore tips of eCommerce or anything about this, just have a peep to Meshio.com and ask him. He will be generously help you! TQ.. (*_^)


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About Me

Ms. Anne Ai ling Mustapha
Bangsar, Kuala Lumpur, Malaysia
A 26 years old university-graduated and simple young lady, who lives her daily life and feeds her soul by blogging about information. Comes from a mixed parental background of Thai Chinese from her mother's side, and Malay Java from her father's descendants. The only children of her parents.
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