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Jun 26

Paypal to your local bank

post Category: General post postJune 26, 2008
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Few days ago I tried to withdraw some money from my Paypal account to my local bank (Indonesian Bank) BCA. It stated if you withdraw less than Rp 1.5 mill they would charge you Rp 16,000. That’s fine. I have only less than USD 100 to be withdrawn. I tested this service using only this amount. The exchange rate was quite good too. It was approximately (almost) Rp 9,100 per 1 USD.

According to Paypal info, the withdrawing process from Paypal to my BCA would take around 5 business days. I requested the witdrawing process on last Friday and voila it already arrived on next Tuesday. In fact, the Paypal withdrawing process were done within 3 business days only as we do not count Saturday and Sunday.

This would be a good thing towards the e-commerce in Indonesia. We have a supporting payment processor that can go over international boundaries on this thing. We can sell and buy things using this Paypal. I wish that every Indonesian paypal’s users abide the rules thus the Paypal will not put blacklist on us anymore.


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