It’s been a common problem all these while for most Malaysians where we cannot withdraw money directly from Paypal. I believe the reason PayPal is keeping us out is simply because of the massive credit card fraud that happened few years back.
Here’s a way that I’ve been using for months and I’ve successfully withdraw from Paypal couple of times with the exchange rate about 3.5+. Before I start explaining, I must declare that in the process, you will need to buy a debit card and that is not FREE. However, methods and process of using the card all the way until you are touching your hot cash from ATMs are FREE; based on real life trial and error I’ve actually conducted. If you are still interested, continue reading.
The Concept
Malaysians can do most transaction in PayPal except withdrawal because there is no option that sends money directly to local bank. The solution I see here is 3rd party debit card and this is how it works.
You will register with an online bank (recognized by PayPal) and then received a debit card. Transfer money from PayPal to your online bank account and with the debit card you can withdraw the money (in local currency) at almost any local bank ATM as long as they have a Cirrus or Pulse logo on it. Now that you understand the concept lets go about applying and using your debit card.
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