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PayPal Available Withdraw to Banks in Indonesia

Posted: 26 Jan 2008 02:18 AM CST

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

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.

I got a new problem here. Paypal ask me bank code. Usually wee 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…

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

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

Rate from PayPal

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