Considering withdrawal to debit card has $5 charges and max limit is only $500, it is not worth it if you have relative big amount to withdraw.

Anyone knows how much charges to transfer from Singapore savings acc to Malaysia savings account? For ex, using Maybank?

@Matt Ng
Long and clear explanation. I feel more confident with VMI cards now but since debit cards are already being accepted, I think I will skip the other options. Thanks for your comment again.

Hmmm… so many still in a daze on this. Lemme clear everything up for you.

VMI Cards
1) I am a reseller/merchant for VMI cards in M’sia and what Jlow says it’s untrue. Have you asked yourselves what credibility does she has. Where is the link to her website? Where is the prove? Please don’t be so gullible and believe all this nonsense. She obviously a debit card competitor trying to sabotage. And where can we find her? No link whatsoever to prove her case. Just because she says that and you take her word for it against all those who have already happy using VMI cards and with credibility. Geezzz…

2) PayPal will never “Freeze” your account without reason. The first steps they do is to “limit” your account and NOT get frozen status right away. Only if you cannot prove your details or no reply to them…ONLY then they freeze and then close your account. This does not apply for VMI cards. It applies to ALL paypal accounts.

3) Why some PayPal account holders gets “limited” or “frozen”? It’s cause of these reasons:
- paypal details not the same as your bank details
- some ppl tried to cheat paypal by adding false bank information
- unexpected and sudden surge of funds coming into your paypal account will raise red flags in paypal system. This is to prevent money laundering and you need to prove as to why you suddenly have large amount of cash into your paypal.
- not following paypal’s rules, terms and conditions.
- using US virtual address and then when you get limited when they ask you for utility bills under your name or ID card info which you can’t prove.

Note: Always provide your real and accurate details when getting your VMI card. Make sure your details are the same as your PayPal account. You will get limited once or twice with paypal no matter what.
I got limited twice. Once, when i withdrew the money for the first time, got limited and then i prove to them with my phone bill under my name and bank account statement that I’m actually the right person holding that paypal account. Within 3 days my account was active again. All they need is the “right” prove. If you can’t, you will get limited and/or frozen.

I’m not some name like Jlow with no link and no prove. I know what I’m talking about as I have experience and you can ask ppl about me and also see me on my blog.

Etrade
1) decypher is correct. All NEW etrade application has been sent to HK but you can still try to keep sending to US with the hope that your account can be approve in US itself. It’s all about your luck as some of my friends have tried a few times and finally got their account in US.
2) Mike is correct. To use etrade HK, you need to open a paypal account in HK. M’sian can only withdraw with a US bank account.

Note: Recently, PayPal has allowed withdrawal of funds to M’sian VISA Credit and/or Debit cards. So no worries. Only worry is that you need to find out our own local banks concerning which card works. That’s all.

Hope that clears everything up.

Matt Ng

Disclaimer: The comment made by me is based on personal experiences and personal opinion. Please consult a professional on these matters.

http://www.paypal.com/cgi-bin/webscr?cmd=_display-approved-signup-countries-outside

If paypal acc is open in Malaysia, then you can only withdraw the money from any US bank acc. Money people have known this issue.

Any other ideas guys, since VMI users keep getting their paypal acc frozen and MK Deals sucks (hmmmm i wonder why)?

@Freethinker
Yeah, I believe many people do like this. Thanks for sharing.

@lilian
LOL. I don’t think I would dare risk having my PayPal frozen if I were you too. Thanks for your info.

@wong
Wah, I don’t dare to trade in lelong or ebay. Don’t know why, I just don’t have confidence in those places. Actually, I am not sure if HK accounts don’t work. From the PayPal page, I checked that HongKong bank accounts can withdraw directly into their local bank, just like a US bank account. So it shouldn’t be a problem.

@KennyP
Check the PayPal website. There are a few countries such as US, HK, NZ, etc that can withdraw PayPal funds directly into their local bank accounts. Therefore, if I am not wrong, even if E*Trade has been switched to HK account, you can still withdraw it directly to the bank account.

The reason I don’t use the VMI to withdraw is because I heard many people’s PayPal was frozen for a while when they start withdrawing. I have money coming in everyday so I cannot afford any frozen account. Plus I am too lazy to make a trip to the bank to withdraw from the VMI account and put into my own bank. Risky, wei. I damn loaded mah. LOL, just joking.