Paypal users in 26 countries can now withdraw their funds to their credit, debit or prepaid cards – so long the cards are branded Mastercard or Visa.
New today, PayPal now offers account balance withdrawals to Visa-branded credit, debit, or prepaid cards in 26 international markets. This feature greatly improves the utility of PayPal accounts in these markets and is accomplished through an easy 3-step process.
This new feature is particularly valuable to PayPal account holders in markets where customers could use PayPal to send money, but had limited ways to receive or withdraw funds. A good example is Brazil. In the past, customers in Brazil could only withdraw funds via a paper check. Now, Brazilian account holders can withdraw money in a secure environment and have their funds available for online and offline purchases using their preferred Visa card.
It is also exciting for our Italian customers where local PostePay cards are widely used. The new withdrawal method gives them the freedom to easily move funds from their PayPal accounts to the payment cards they prefer to use online or offline.
This 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.
Today’s news offers great opportunities for PayPal to become even more relevant to merchants in many of our international markets. We are constantly evaluating new functionality around the globe, so stay tuned and visit our PayPal Offerings Worldwide page for updates.
The new feature will cost $5 per withdrawal and will take 5 to 7 business days to be completed. It would also have a minimum of $10 per transaction and a daily maximum withdrawal limit of $500.
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It is good to hear that Paypal users in Malaysia can now transfer fund to their debit/credit card. Kudos to PayPal for understanding the need of their customers. However, the term and condition “The new feature will cost $5 per withdrawal and will take 5 to 7 business days to be completed.” are slow and also costly. Maybe PayPal should at very least provide an even faster processing period. 5-7 days is a long time to wait to get my money.
Ahmad Yasni. PMP
this is fine but then again where can u get hold of a prepaid visa card in Malaysia?? As far as I know eon bank and ambank have prepaid cards under the mastercard and not visa
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.
You want to load your paypal account with a Visa card? All you need do is add your Visa credit, debit or prepaid card to your Paypal account and use it whenever you want to pay with Paypal.
well done to paypal! i am glad that malaysia paypal user can withdraw money using our debit, credit or prepaid credit card via visa. To answer one of our fellow malaysian, you can always go to Public Bank and open a saving account and then specifically ask them that you want a VISA DEBIT card. here you go!!
another question, i wonder if anyone know that we can load money to our paypal using visa cards? cheers
We can only withdraw up to $500 a day and it costs $5 per transaction. Paypal is really making a lot of money just to enable its users to withdraw money. Why can’t it be free? $5 is as good as 3 full meals for an ordinary person. Please reconsider the transfer fee and also do away with the daily limit.
I have problems in receiving payments with my customers through my PayPal Premium account, after selling my items on eBay.
I mean, both my PayPal & eBay account is fully activated properly, and I even went through the setup and stuff at the profile tab, but my customer can’t pay their money to my PayPal Account, and I heard that I can actually set the payment to receive it into my saving account.
Maybe there might be some settings mistakes that I’ve made during the set-up between my eBay & PayPal Account.
I’m actually from the country of Brunei, which is near to Singapore, and my account is also in Brunei too. So please some one out there who can assist me to my problems
– receiving payments through to my PayPal account
– setup my PayPal account to receive payments into my saving account
– transfer money from PayPal account to my personal savings accounts
– the link between eBay & PayPal
and I’ll be very much appreciated
eBay & PayPal User
You cannot receive money with a Brunei Paypal account. You can only send. See http://www.paypal.com/worldwide
I’m glad my partner has just found this page and contacted me this is good news for many of us here.
This is good news for many although the costs are somewhat high.