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’.
Foreign exchange fees on credit cards should be of keen interest to those traveling outside Malaysia. However, the most important is the overseas transaction fees that your card-issuing banks may impose.
Normally for foreign exchange, transaction made outside Malaysia will be converted to US Dollar, which is determined by Master Card or VISA International or AMEX on the date the transaction received and/or processes by the Bank. The value of US Dollar is then converted to Ringgit Malaysia. The exchange rates may vary according to market fluctuations.
For overseas transaction, most card-issuing banks impose overseas transaction fees on all transaction made outside Malaysia.
As of now card-issuing banks revealed the following overseas transaction fees:
There 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.
Looking for the best cash back card? Look no further, it is here by Standard Chartered Saadiq Debit Mastercard.
In order to received this exclusive debit mastercard, you have to open Standard Chartered Saadiq$aver-i account.
Use the Debit mastercard & enjoy the following attractive benefits.
- 7% cash rebate at all petrols station in Malaysia up till 30th June 2009 (max RM1,400 per month)
- 5% cash rebate on 7 major Hypermarket/Supermarket up till 30th June 2009 (max RM3,000 per month). Includes Giant, Carrefour, Tesco, Watson, The Store, Jusco & Parkson)