Recognize Paypal Phishing Emails

Being that Paypal had just only allowed users out of USA to withdraw funds using credit cards and debit cards without a USA bank not so long ago in October 2007, this has really opened up many scammers out there to get your cash away from your paypal account. What I meant is those phishing emails that are sent to folks to scared or lured them into clicking on fraudulent link in order to steal the password or usernames from the victim. Check this blogger who has listed out 10 Steps to Recognize the Unsafe Paypal Emails and you can understand better what I mean by paypal scams or phishing emails. It can be scary but if we armed ourselves with knowledge and know how the scammers work, it can help prevent many heartaches and disappointments.

Granted that these scam emails are there even before 2007, still the efforts had been step up so to speak since there will be many more users of Paypal as an online payment processor because as a system it is rather safe and secure if we don't fall prey to the scammers by clicking on bad links. It is a popular online processor for purchases on eBay and other companies. There are many more great articles written on personal finance advice that you can read more about especially on loans, investments, online purchase and much more. I am sure that you will find it as informative as I have done so.

Got funds from AlRajhi Bank

Just a small update from my previous post on withdrawing funds from Paypal to debit card, I got the funds in my Al Rajhi debit card today. Although Paypal said funds will be transfered from 5-7days, I got mine in the Al Rajhi savings account within 3 days. All transactions from Al Rajhi Bank can also be viewed online. So all is well and fine.

So it is possible now for Malaysians to withdraw their funds via debit card. This means even students, self employed folks and housewives can earn with Paypal. This is good news.

Paypal to Debit Card-Malaysians

As a Malaysian, I am simply thankful and delighted that Paypal had recently allowed non USA residents to withdraw paypal funds via debit cards. Prior to this you either need a US bank account or credit card to withdraw paypal funds. This being said, I still need to search high and low for the appropriate debit cards because not all debit cards are accepted.

At first I got the NextG debit card from AmBank, and when I could verify my paypal account, I was so excited. Then I was told by Paypal that I could not withdraw funds using a MasterCard. Only Visa is allowed for withdrawal purpose though the verifying went through alright.

I find Steven's blog really informative in providing the neccesary steps in addition to the cards that are currently successful in withdrawing paypal funds using debit cards. He also gave a link to 5xmom's opinion which further helped me decide to go for the Al Rajhi Bank debit card cum ATM and savings account. You have the choice to open a current account too. As this is a rather new bank, there are only about 10 branches or so in the Klang Valley. I went to the Petaling Jaya, New Town one which the address is No.2 Jalan 52/10, PJ New Town.

So this is like my testimonial that I am able to apply for the card and withdraw my paypal funds all on the SAME day. I agreed with 5xmom that service at Al Rajhi Bank is excellent and without hassle.