Posted (msaufong) in Useful Info on 23-April-2007

Seem like quite a lots of visitor curious how a Malaysian able to withdraw paypal money using local ATM, I can understood that, previously I always think of withdraw by myself without paying any charges to mid-man. I no need to explain on
How Malaysians can withdraw directly from Paypal, because Hong Kiat has blog a very detail post to teach you how to do so. Actually I am learned from him :p

But I did go through some hassle due to my stupid lor..I show some of the note that might help you to process your transaction smoothly.

On Paypal

1) Make sure the name and address in your paypal account is same as the one you register on VMI card (VMI card need your NRIC for registration).
- Fund will refund to your paypal after deducted some charges if anything information doesn’t match in both account.

2) Enrolling your paypal account and get verified with charges US$1.95 to your credit card (payment will be refund to your paypal account once it verified). Must verified using credit card because VMI Bank account are not qualify to verified your paypal account (refer to below).

3) After you added the bank account into paypal, you will received an email from them and asking you to verify your bank account with 2 random amount they has been transfer in.
- But I never received any random payment from them, email them and get below answer =>

The bank you added to PayPal can not be confirmed. It can be used to
withdraw funds. However, it cannot be used to add funds into your PayPal
Account. The addition of this bank account will not qualify you as a Verified member.

4) Transfer Fund to the VMI account – It will be on pending abut 2 day and show transaction completed in the 3rd day. BUT this amount wouldn’t show in your Bank account yet. Bank to Bank need another 1 – 2 days to communicate before credit your bank account.

On VMI Card

1) the birthday date they request for register is based on MM/DD/YYYY format. I make a mistake on this and need to register again.

2) Remember clearly on your access number and ATM pin.

Note : I transfered $300 to bank account at the 1st time have no problem, 2nd time also no problem (Maybe due to small amount), but someone (not sure can expose her name or not :lol: ) transfered 700 in the 1st time then received Paypal limited access email immediately. Hot-Screensaver’s blog about his Paypal has Limited Account Access before too. I almost kena tipu, because I also received an Limited Access email But is fraudulent one.


jazzmint on April 23rd, 2007 at 3:55 pm #

err..where is the link to create the VMI lah :P

msaufong on April 23rd, 2007 at 4:08 pm #

Jazzmint, hehe I though you can get it from Hong Kiat blog mah..:p ..ok lah..added in the post liao..but actually hard to contact them in their website ler..donno y…no application page oso..

chooi peng on April 23rd, 2007 at 5:31 pm #

i know who is that someone, a greedy leng lui who trying to save the USD 2 load fee… hahahaa

jazzmint on April 23rd, 2007 at 5:55 pm #

ok tq tq….so there’s a limit one day can transfer oso lah…

msaufong on April 25th, 2007 at 10:07 am #

CP, I know you should know who is she..She really a tingy woman hor?…hehe

Jazzmint, u welcme.. yealor..1 day limited account balance & withdraw amount lor..

Vedis Teh on April 25th, 2007 at 10:06 pm #

Hi, check with you about this VMI, still ok ??

You mentioned that the name and address of Paypal and VMI must be the same. What about IC ?

You see, for my Paypal I use Vedis Teh. What about VMI now ??

And address ah.. not same lah..my IC is KL one..now I live in Ipoh lah..

Thanks for your help.

msaufong on April 26th, 2007 at 8:43 pm #

Vedis, The VMI card is using your government ID card for registration, so you better have the same name for your paypal account.
You can change the address after registration (VMI card)but the paypal’s address should be same as your credit card.
I used my English to reigstered 1st account too. But was too troublesome to change the account name. so I create another paypal account (Remember paypal allow each person own 1 personal and 1 premium account only).

Immomsdaughter on April 28th, 2007 at 10:24 am #

Hey, thanks for sharing this tip. How many time have you done the withdrawal? Is it really sage?

michelle on April 28th, 2007 at 4:32 pm #

What is the exchange rate VMI is charging? Thanks for sharing.

sss1979 aka Nicole on April 30th, 2007 at 12:02 pm #

wow.. how nice.. can withdraw cash here.

shooi on April 30th, 2007 at 3:29 pm #

thanks for sharing this. This will come in handy when i want to withdraw money,… :D

azwanhadzree on April 30th, 2007 at 3:50 pm #

So many charges – monthly fee, transaction fee. I dunno i should or not. If i’m doing business then i might consider. Thanks for the info anyway.

azrin on June 1st, 2007 at 5:54 pm #

Might as well stick to the E*Trade acct. Free for one year, no withdrawal fee etc

Can bank in USD checks and write USD checks, unlike the VMI, virtual only.

Anyone need info, ask me…and no fee for that.(if you search on my site ah)

Best wishes..

azrin @ http://www.azrin.net

celimsp on October 4th, 2007 at 8:29 pm #

can some 1 tell me what is Virtual money ATM card with Southwest Bank US. bcos i 1st time come across transfer money 2 this card & pening2 about the transaction. This person is presently travel to US & ask me to send money to him like this way. Can local bank perform it like normal TT that i use to do? Secondly, can i also get 1 VM ATM card can it be more convenient for to send from card to card?

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