Received email from Paypal earlier this morning, stated that there is a new withdrawal feature available with Paypal! It’s allowing Indonesian Paypal members to conveniently withdraw funds from our PayPal accounts to our local bank accounts.
To add our bank account to PayPal account just require a few easy step: Login > Add Bank Details > Review > Confirmation. After that you can easily withdraw the money via: Login > Select the ‘Withdraw funds to your bank account’ option > Select the bank account and amount to withdraw > Confirm the transfer. It’s easy isn’t it?
According to PayPal all local banks can be used to withdraw money, unfortunately it takes 5-7 days to complete (depends on our bank’s policies) .. or it may take longer than 7 days. No minimum/maximum withdrawal amounts for verified PayPal member, and the fee is also cheaper, IDR 16,000 for withdrawal amounts less than IDR 1.5 million, and there is no fee for withdrawals over than IDR 1.5 million.
Withdraw funds to Visa credit, debit and prepaid card are still available.
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Read the related news from this blog:
Paypal Verification’ FAQ
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