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Update on Public Bank Visa Electron debit card and Paypal

Posted on October 31st, 2008 in Money management

Last week I wrote about how my experience of using Public Bank Visa Electron debit card did not work with Paypal when I wanted to link the card to my Paypal account. I’ve finally figured out what happened.

The Public Bank Visa Electron debit card works like a prepaid credit card. That means you need to load money into the card before you can swipe it for purchases. Upon approval of your application for the card, Public Bank requires you to load the card with a minimum of RM25 before they will send the physical card to you.

When I received my note to do this, I loaded RM30 into the card. Not long after, I received my card from Public Bank and proceeded to register it with Paypal. For Paypal to verify the card, you need to follow its steps to link and confirm the card. When you agree to link the card by a click of the mouse button, Paypal will charge US$1.95 to the credit card that will be refunded later on. This is where my earlier glitch came about.

I called Public Bank (as suggested by you clever bloggers, thank you!) and found out that there must always be a balance of RM25 in the card. I loaded it with RM30 and that means that I can only charge a maximum of RM5 to my card. Any transaction with an amount that will eat into the balance of RM25 on the card will not go through. Since Paypal charges US$1.95 for the linking process, it is equivalent to RM6.80. I only have RM5 available in my credit card and thus, I was unable to complete the transaction required by Paypal. I made a run to top up the card and have now successfully linked the card to Paypal.

So if you are applying for this card and linking it to Paypal, make sure you top up enough the first time round for your linking charges by Paypal to go through. It was a rather silly mistake but one that must be learned. I hope this mistake of mine will help save you time should you go through this process too.

Public Bank Visa Electron Limits PayPal Withdrawal to US500 Per Day

Most Malaysian PayPal users are probably aware of the US500 daily withdrawal limit imposed by PayPal. It’s probably a non issue to the majority of users.

However what if the amount you want to transfer is larger than USD500? That’s what happens to me as I am trying to transfer some USD3000 plus to my Public Bank Visa Electron card.

I’ve started receiving payments to my PayPal account from the commissions I earn from MaxBounty. I opted for the PayPal payment because MaxBounty converted my commission checks into the equivalent Malaysian Ringgit but at a lower exchange rate than what I would normally get over the counter.

By the way, if you are interested in making money promoting pay per lead programs,MaxBounty is one network that you should consider. The payouts for certain campaigns are sometimes better than what you would get from other networks. They even have offers targeted to Malaysian. Personally, I’ve been making around USD500 monthly from MaxBounty, not much I know but good enough for a passively generated income.

Anyway, at first I wondered if there’s a way to lift the USD500 daily withdrawal limit if I upgrade my account from Personal to Premium. I did that but the limit remains in effect. I contacted PayPal and here’s their reply:

This is Michael, and I am honorable to assist you with your question regarding your PayPal account.

Upon your email, I understand you would like to lift the withdrawal limit on your account.

After checking your account information, I find it has been verified, which means there is no limit on it.

However, in accordance with local financial regulation of Malaysia, there is still a $500 USD daily withdrawal limit to withdraw funds to the Visa card on your account, which can not be lifted. Please kindly understand it.

On the other hand, if you have a US bank account, I suggest you add it to your account for withdrawal. And there will be no limit to withdraw funds to that US bank account.

I hope the above explanation would be helpful for you to better use PayPal. If you have further questions, please feel free to let us know.

Thank you for being part of the PayPal community.

Sincerely,

Michael

PayPal, an eBay Company

So once I have upgraded my account to Premier, there’s actually no limit (even though I haven’t confirmed that card with PayPal) on the amount I could withdraw. Apparently the limit is imposed by Malaysia’s financial regulation so for the time being it appears that we are stuck with it.

In my case though, it’ll take 6 withdrawals to transfer the amount and will accrue (USD5 x 6) USD30 transfer fees in total. So here I am trying to transfer USD500 a day. I’ll let you guys know if the withdrawals are successful. It would take 5-7 days for each transfer to complete.

Talking about withdrawing your PayPal balance to Public Bank Visa Electron, there’s one last step you need to perform after your card is approved before you could do so. You would initially be asked by Public Bank to deposit RM25 into your account. If you do that and then try to add your card to PayPal you’ll most likely get the following error:

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.

The reason is because in order to start transacting using your card with PayPal, you card balance has to be larger than RM25. If it isn’t, you would have to top it up over the counter of via an ATM machine. In any case, you should contact Public Bank customerservice if you are still having problem.

Does anyone know of a Malaysian Visa card that doesn’t impose the USD500 daily withdrawal limit?

Since I still do not have a job, this Public Bank Visa Electron Debit Card has been an alternative for me to apply for further usage in purchases & selling online. Finally, something other than credit card that can be used to activate my Paypal account. Can do my evil plan now…

Update : Here’s a tutorial on how to withdraw Paypal funds to your Visa Electron Debit Card

1. Login to your Paypal account & click ‘Withdraw‘

2. Later, click on the link “Transfer funds to your card”.

3. Enter the amount you would like to withdraw.

4. Check your withdrawal details. After all are confirmed, click on the ‘Confirm‘ button

5. Lastly you will see a confirmation message saying that the process is in progress

6. Be patient… Wait for few days for it to be progress & voila, money is in your card now!

Tanah..

pembahagian Farait tu macam nie...Nilai tanah tu dulu dinilai oleh pejabat tanah dlm RM32K ( nanti bila cik balik cik nilaikan semula dgn pejabat tanah).
Jadi lelaki akan dapat nisbahnya 1 lelaki = 2 perempuan dan emak cik akan dapat 1/8 dari nilai tanah tu.Jadi pengiraan contohnya ( berdasarkan 32K)1) lelaki 5 org ( abah nora,cik thi,cik waris,cik ipen,cik ijam)2)perempuan 4 org (cik painah, cik niah, cik maning,cik janah).3) emak cik
bahagian emak cik = 32,000 x 1/8 = 4000
bahagian lelaki dan perempuan = 5 lelaki + 2 ( perempuan 4 org = 2 lelaki) = 7 lelaki,jadi 32,000 - 4000 = 28,000 / 7 = 4000.
pecahannya setiap lelaki akan dapat 4000 seorg dan setiap perempuan akan dapat 2000 seorg.
Jumlahnya :emak cik = 4000
lelaki ( 5 x 4000) = 20,000
perempuan ( 4 x 2000) = 8000Total = 32,000 ( sama dgn nilai harga tanah).

asal 320000

wasiat 106666.7 .1/3

baki 213333.3 .2/3

.1/8 isteri 12/96 26666.67

.7/24 anak perempuan 28/96
62222.22 15555.56



.7/12 anak lelaki 56/96 124444.4 31111.11 Jumlah 320000

Aishah, on November 1st, 2007 at 8:12 am Said:

Assalamualaikum,

Saya adalah anak angkat kepada emak saudara saya yang tidak mempunyai anak. Suaminya juga menyayangi saya seperti anak sendiri. Semasa hayatnya, suami emak saudara itu telah memberi kepada saya (secara hibah) sekeping tanah dan sebuah rumah yang mempunyai nilai yang tinggi. Sebelum meninggal dunia beliau telah mewasiatkan hartanya kepada anak2 saudara dan adik beradik beliau yang lain. Tujuan beliau adalah supaya tidak berlaku perebutan harta antara keluarga. Walaubagaimana pun, apabila emak saudara saya (emak angkat) membuat tuntutan harta sepencarian, keluarga sebelah bapa saudara telah menghalang atas alasan saya telah menerima sebahagian besar dari harta tersebut.
Persoalannya,
1. adakah mereka boleh menghalang emak saudara saya dari membuat tuntutan tersebut?
2. adakah wajar alasan mereka tentang harta yang ditinggalkan utk saya itu?
3. bolehkan mereka menarik balik (challenge) harta yang telah diberikan kepada saya?

terima kasih dan wassalam

Dr. Hasanah, on November 2nd, 2007 at 10:41 am Said:

Waalaikumussalam Yaziruddin.

Jawapan untuk soalan saudara boleh dilihat di
http://uruspusaka.com/tutorial/?page_id=16

Dr. Hasanah, on November 2nd, 2007 at 10:56 am Said:

Aishah,

Soalan ini agak rumit kerana ia perlu dilihat dari beberapa sudut.

Pertama, siapa ahli waris yang ada? Hal ini tidak dinyatakan dengan jelas dalam soalan saudari.

Kedua, harta yang telah diberikan kepada Aishah secara hibah semasa hidup bapa saudara itu adalah jelas milik Aishah. Tetapi, adakah urusan pindahmilik harta telah dilakukan? Jika sudah, tiada masalah, tetapi jika belum dan tiada bukti menunjukkan hibah berlaku, ini mungkin agak sukar. Kalau ada pertikaian tentang hal ini, maka mahkamahlah yang layak menentukannya. Tiada siapa berhak menghalang seseorang membuat tuntutan/dakwaan di mahkamah. Kebarangkalian untuk menang-kalah bergantung kepada banyak perkara.

Ketiga, harta pusaka si mati hendaklah ditolak terlebih daripada harta sepencarian. Tidak ada salahnya si isteri membuat tuntutan harta sepencarian kerana mungkin ada harta yang diperolehi hasil usaha bersama tetapi didaftarkan dengan nama suami sahaja. Harta sepencarian hendaklah ditolak daripada harta pusaka si mati.

Keempat, tidak boleh memberi wasiat kepada waris. Oleh itu, perlu dijelaskan di sini, siapakah waris bapa saudara yang ada? ibubapa? adik-beradik lelaki? perempuan? isteri? dll?

Kelima, wasiat terhad kepada 1/3 harta sahaja. Baki 2/3 harta hendaklah diagihkan kepada ahli waris termasuk si isteri tadi. Oleh itu, si isteri berhak mendapat harta sepencarian dan harta pusaka.

Persoalan tentang mahkamah sukar untuk saya jawab kerana masih ada banyak perkara yang perlu ditimbangkan dan dinilai dalam hal ini. Jalan yang terbaik ialah, dapatkan khidmat guaman. Mereka mungkin boleh membantu saudari. Peguam syari’e di Syarikat UrusPusaka Sdn. Bhd. insyaAllah dapat membantu.