Tips on Transfer PayPal Money to Malaysian Bank

Hi Guys,

Its look like I have been busy with Facebook all this time, well  a lot of bloggers tend to spend more time on Facebook. Its a platform  that you can socialise with your friend, share update and not forgetting great online game. I was addicted especially to Barn Buddy and Mafia War until I decided to remove it all because i think I should do much more important thing than watching my virtual plan to grow.

Downloads

Nevertheless, it has been a lot of update in Making Money Online especially in Malaysia. Where now you can transfer your PayPal money directly to your local bank. Isn’t it easy.Now I have nothing to blog about :). But bare in mind you still need the Credit card or Debit card to get PayPal verification. Below are 2 tutorial that teach you how to link and withdraw your money to local bank

  1. How to link your PayPal account to your Local Bank.
  2. How to withdraw money from your PayPal to local bank

Its very simple step to follow with picture step by step.

Few things that you should remember

  • Your name on PayPal account must be the same with your Bank account. If not than there would be some problem.
  • PayPal will charge you if you give them wrong info to link with your bank account so be extra careful.
  • There are 21 total banks in Malaysia that are currently supported by PayPal
  • The transaction will take up to 2-3 days
  • A fee of RM3 will be charge if your withdrawal is below RM400 around USD 115
  • If your withdrawal is above RM 400, no fees will be charge.
  • The default withdrawal limit is RM2000 a month. But you can change the amount once you verified.
  • You can add your PayPal money simply by add money to Debit/Credit card as PayPal will charge directly to  your card when you made payment using PayPal. So no worries when you dont have money in PayPal account.Easy.

 

PayPal just launched blog for South East Asia called PayPal UnBound. So its good to get update, event and latest tool available.

Welcome to PayPal Unbound, a blog written by the PayPal Singapore team about our company in Southeast Asia (Thailand, Malaysia, Korea, Vietnam, Philippines, Indonesia or Singapore) and India. Here you will find announcements about PayPal events as well as insights from our marketing managers to our tech team to our colleagues in finance. We want the blog to be a meeting place for sharing ideas, exchanging information, expressing opinions, discussing suggestions, answering questions, and responding to feedback. PayPal users, developers, buyers, sellers, shopaholics, savers, spenders, and all are encouraged to join the conversation here and at our other networking sites:

  • Facebook – support their fan page as their need more fan to establish
  • LinkedIn

 

 

Last word, merry xmas and happy new year to all my friends..enjoy your holidays 🙂

Cash Out Your Money from PayPal using Maybank Debit Card

April last year, I did compare Tune Prepaid Visa Card with Maybank Debit card to show how Tune Card is good tools for making money online.

But now, Maybank has upgrade their Maybank Debit Card so the user can use it for internet transactions.

So the famous application for Debit Card Malaysians is to withdraw money from PayPal account. If this is the first time you heard about about PayPal and have no idea about it. Don’t worry. it just an internet account for online transactions. It’s free to use, easy to receive money from online advertiser and you can buy credits for your Barn Buddy game in facebook. 🙂

Ok, the first step to withdraw money from PayPal using Maybank Debit card is simple actually. You must have Maybank2u account and already change your ATM Maybankard to Debit card like this one:

maybank-bankcard to this

I already changed it when my ATM Maybankard broke because of my fat  sharp azz hehe. FYI, PayPal is free to register. They charge you USD 5 per withdrawal.

If you have all this three items than you are ready to withdraw your PayPal money to Maybank Debit Card. Ready

First Phase : Register your Maybank Debit Card to Secure Online Shopping Registration

 

 

 

1. Please login to your Maybank2u account.

  1. Then look under Utilities and Click on Maybankcard Secure Online Shopping Registration

Notes :
To access Maybank Secure Online (MSOS), a credit/debit card link to either MasterCard or VISA is required.
Please fill out all fields.ALL fields are compulsory.

  1. Next fill in the MSOS Password and  Personal Assurance Message. (PAM)

Notes :

Your Personal Assurance Message (PAM) will appear whenever you asked for your password whilst shopping online. This confirm that you are only providing your password to Maybank and you should check to make sure this message is correct.

  1. Then Expired Date, CVV (Refer your Maybank Debit Card ) and then Hint & Answer.
  2. Remember all this PAM and Hint & Answer. Write it somewhere using your secret code. You might need it.

Maybank2u Cash Out

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CIMB Click Pishing and SMS Alert

A few months ago, Muridi Mohammad from Perlis was shocked when his money has been missing from his CIMB account.He received an SMS telling him he had won RM14,000 in an Akademi Fantasia 6 (AF6) competition. All he had to do to claim his winnings was to telephone the number given.

When he called, a man claiming to be from Astro asked for Muridi’s bank account number to deposit his winnings. Though he was hesitant, he did so. Fortunately he had enough sense to give an account with little money in it.

“I gave him the account my tenant uses to pay the rent.” The CIMB account had a balance of just over RM300.

Although this case is not new, but this poor Ustaz still want to try his luck. He just gave his account number just to see wether the scammer will deposit money or not. But it turns out, the scammer manage to withdraw money from his account two times. About an hour later he checked the account and found that two payments of RM120 had been made to “I-PYMT TO COLL”.

The BIG question here, how this criminal manage to withdraw money just using user account’s number. Really strange. I think this guys are really professional,even CIMB never release a statement about their system flaw.So just use thumb rule, if the offer is too good, then it is a scam. Don’t try to outsmart them. Maybe your are dealing with international criminal :). (more…)

Maybank Visa Debit Card vs Tune Card Visa Prepaid

[UPDATE : This Post is no longer VALID since Maybank has improved their Debit Card Service. Please refer my latest post regarding Maybank Debit Card. Thanks ]

maybank-visa-debit-card VS tunecard

Hi guys,

I read in the net that Maybank launched a new Maybank Visa Debit Card, I said WOW! that would be great since I have a saving account with them.So, I am expecting free service, easy top up and more shopping at the Internet.   I am glad more local banks start offering Visa debit card facility.

Steven Wong has made a summary about this new card :

To review whether this Visa debit card compatible to PayPal withdrawal, I spend sometimes to read on Maybank website, and here is the quick summary for your info:

  • Max daily withdrawal limit: RM5,000.
  • Daily accumulated purchase limit is RM500 and you can increase it anytime via bank’s ATM or over the counter branches to RM5,000.
  • First four withdrawal is FREE while a service charge of RM0.50 per transactions per card chargeable from the fifth cash withdrawal transaction onwards per month. However, service charge will be waived if your savings or current account has a balance of above RM5,000 at the time of withdrawal or the withdrawal amount is RM1,500.
  • Service charge for withdrawal transaction for:

  1. Maybank’s Group ATM in Singapore, Brunei and Philippines: RM2 each
  2. MEPS network: RM1 each
  3. Visa Plus Network: RM12 each
  • Existing Maybank ATM card holders can convert their cards with the one time cost of RM12. It is also the same cost for card replacement.

  • However, if you used up to 7 years (upon the expiry date, you will get the replacement at FOC).

  • Earn 1 TreatPoint for every RM3 purchases.

  • No annual fees, monthly interest rates or late charges.

So, since I am a Tune Card user plus have a Maybank saving account, I think it would be good if I compare this two card, rite ?

Below is a brief comparison of our very own Tune card Prepaid Visa Card vs Visa-branded debit card

maybank-visa-debit-card 6511
Product Maybank Visa Debit Card Tune Card Visa Prepaid
Charge/Fees – Service charge for withdrawal transaction for:

Maybank’s Group ATM in Singapore, Brunei and Philippines: RM2 each

MEPS network: RM1 each

Visa Plus Network: RM12 each

Annual fee ; RM 9.99

RM 2 only for Top Up at CIMB Bank, POS Malaysia and BSN

RM 1.15 withdrawals at CIMB ATM machine

RM0.50 only for online top up

Internet Transaction No Yes
Cash Out PAYPAL NO YES
Top Up Maybank Only Maybank2u,CIMB and POS office

Conclusion,

I better stick with Tune Visa Prepaid Card, Why ? As you can see it is more flexible and Internet friendly. The most important thing is you can withdraw your PayPal money with it.:)

By the way, you can use Maybank ATM card in Petronas Petrol Pump and selected Supermarket so why Maybank want to promote this Debit card instead. I think their business idea for this Debit card is weak because you don’t want to go abroad only carrying debit card right?. At least you must have a spare credit card for emergency.

For me, debit card or Prepaid card is only suitable for Internet transaction. Buy ticket,hosting,domain and eBay online. So if maybank overlook this thing than their debit card will be nowhere compared to by Tune Prepaid Visa Card.

Several feedback that I got :

1. The question now is: Can Maybank Visa Debit cards compatible to PayPal withdrawal? I search on the web and try to find any review on that, unfortunately, there is no review so far. The closest was Uncle FL Sam on his withdrawal to Maybank Visa Credit Card.

So, I called up this morning to Maybank Customer Service to find out the details. The Maybank staff that I spoke to also not sure whether it is workable. After 20 minutes checking and waiting, she told me “NO” for PayPal withdrawal. steven wong

2. I try to add MBB Visa Debit card with Paypal, its not work. The following message will appear…

“This credit card has been denied by the bank that issued your credit card. For details on why your card was denied, please contact your credit card issuer’s customer service department. Or, you may want to try adding a different credit card.”  zahidi

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