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January 2008

Withdraw PayPal to BCA Completed

in Indonesia/Monetize/Paypal by

Last Saturday, I withdraw my money from PayPal to my Indonesia Bank Account. Please see my post: PayPal Available Withdraw to Banks in Indonesia.

Fortunately, I got my money in my Indonesia bank account on January 29, 2008. Paypal made deposit to my bank. Great…. 😀

I use Bank Central Asia (BCA) to withdraw my money from my PayPal account.

Paypal Withdraw Status Completed

Paypal Withdraw BCA Status Completed

BCA Statement

Withdraw PayPal BCA Statement

Summary

There are some important notes:

  • I made withdraw from PayPal on Jan 25, 2008 and I got my money on BCA on Jan 29, 2008. Nice…
  • I made withdraw 77.800 IDR (after PayPal’s conversion rate and fee) and I got 77.800 IDR in my BCA. In other word, it’s free 😉
  • I use code bank (7 digits) with 3 digits from BI (for BCA 014) and the 4 digits is the branch code. 🙂

Important Information

Please note your first name and surname on your PayPal account must match the name on your bank account. If it does not, your withdrawal request may be rejected by your bank.

For some Indonesian users, we recognize that naming standards maybe different, such as a single name, and thus may cause discrepancies between the name on the PayPal account and bank account. This may also cause your bank to decline your withdrawal request.

Please follow the instructions below if your withdrawal is declined:

  1. Contact your bank directly to request acceptance of the transfer.
  2. Withdraw your funds from your PayPal balance to your Visa® credit, debit or prepaid card.

Source: New Withdrawal Features Available with PayPal.

Well done… Have a great day!

PayPal Available Withdraw to Banks in Indonesia

in Indonesia/Internet/Monetize by

A great news in this year about Paypal Indonesia. Paypal Indonesia available to withdraw money to banks in Indonesia! Wow a great news…

Let’s check it out

Withdraw Option

From the screenshot above we, Indonesian, have three options to withdraw our fund from Paypal:

  • Banks in Indonesia (5 – 7 business days),
  • Banks in the US (3 – 4 business days), and
  • Credit Card VISA (5 – 7 business days).

We will be applied different fee or cost for each solution:

  • Banks in Indonesia: 1500000 IDR or more for Fee, but for 1499999 or less we must pay 16000 IDR.
  • Banks in the US: Free.
  • Credit Card VISA: US$5.

OK. Let’s give a try.

First we need add our bank account in Indonesia into our PayPal account. In this case I add my BCA account into my PayPal account.

BCA Option

I got a new problem here. Paypal ask me bank code. Usually we need swiftcode for bank transfer (8 digits) but I have to provide bank code (7 digits).

After googling, I got a very useful information from Withdraw Paypal Ke Bank Indonesia. Thank a bunch 😉

Now I have bank code for my BCA account. Huraay…

BCA Account Confirmation

Fortunately, I add my BCA account successfully. Now I have two option to withdraw to my bank account, US bank or BCA account.

Withdraw Bank Option

I have a little money on my Paypal and I will give a try to withdraw it to my BCA. Even I will be applied 16000 IDR. No problem 😀

How about the rate?

Our money will convert into IDR directly from PayPal. IMHO, I prefers to have USD coz I have another BCA account with USD 😉

Rate from klikbca

Klikbca Rate

Rate from PayPal

Paypal Rate

Thought?

Ok, not really bad convertion rate, right? Now I am waiting for my money moving from PayPal to BCA account. Perhaps I will get my money on Friday, Feb 1, 2008. What’s a long time LOL

Withdraw PayPal to BCA History

Have a great day and gud lak!

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