Online Payment


RHB VISA Debit Card

RHB Bank recently launch 2 new VISA debit cards namely Cash-Connect & My-Cash-i VISA debit cards. Previously RHB Bank have similar debit card but with Mastercard logo. With the new offering, customers will be able to choose either Debit Card with VISA or Mastercard logo.

What interest me regarding this debit card is the VISA logo which I hope support PayPal fund withdrawal. Cash-Connect VISA debit cards will be link to the Conventional Current or Saving account while My-Cash-i VISA debit cards will be link to similar Islamic accounts.

Together with the launching, RHB Bank offering 2% cash rebate for any transactions made with the card. Maximum cash rebate entitlement per account is RM30 per month. This promotion will ends 31st March 2010. After the promotion period the cash rebate will be reduce to 0.5% on all transaction.

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PayPalAs announce earlier on the policy changes, finally Paypal user from Malaysia is able to withdraw their Paypal fund to their Malaysian bank account. This is indeed the most wanted feature dream by them.

Paypal withdrawal to Malaysian bank account will be completely free of charge if the withdrawal amount is equal or above RM400.00 but there will be a nominal fee of RM3.00 if the withdrawal amount is less than RM400.00. The withdrawal will take 2 to 3 business days to be reflected in the bank account. I expect that Paypal is utilizing MEPS network for the fund transfer.

If your Paypal fund is in other currency other than Malaysian Ringgit, Paypal will automatically convert it for you with 2.5 percent exchange fee.

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paypal

Some of Malaysian Paypal user may have received an email from Paypal regarding changes on Paypal policy. Among the changes are, Malaysian Ringgit is now one of the holding currencies in Paypal. However it is only restricted to Malaysian user. Paypal finally manage to obtain Bank Negara Malaysia approval to allow Malaysian Ringgit as one of holding currencies in Paypal. Together with Malaysian Ringgit, Paypal also includes Philipino Peso, Taiwanese Dollar, Thai Baht, Argentinean Peso and Brazilian Reals as holding currencies.

One of the most exited changes for Malaysian Paypal user is, now they are allow to withdraw Paypal fund to their local bank account (Malaysian Bank). This is the most wanted Paypal features by Malaysian. Not just Malaysian will enjoy local bank account withdrawal, user from Vietnam, Argentina and Brazil are now eligible too.

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maybank visa debit

After more than two years of waiting, finally Maybank enable online transaction for their VISA Debit Card or sometimes known as Cherry Debit Card. This feature is very much waiting from many of the card users especially the younger generation where they want to use it to buy stuff from the internet and more importantly to withdraw money from their paypal account.

Prior to utilising this feature, Maybank VISA Debit Card user have to enroll in Maybankard Secure Online Shopping (MSOS) programme through Maybank2u.com.

Maybankard Secure Online Shopping (MSOS) is an additional authentication protocol developed for safer online transactions when using your MasterCard and Visa Card. The programme is known as ‘Verified by Visa’ and ‘MasterCard SecureCode’.

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PayPalThere are a lot of discussion on which credit card & debit card can be used to verify & withdraw Malaysian Paypal account. I create this post to use as references on which cards works.

Just to clarify that all VISA, MASTERCARD & AMEX cards are suitable for Paypal Verification but take note that Paypal only allow VISA cards for fund withdrawal. However, this is subject to issuing bank policy.

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