Withdraw Paypal funds to Indonesian bank account

Last week (April 20th, 2008), we (Lala and I) decided to withdraw our funds at Paypal into our bank account. We use BCA right now. Since we already had our Paypal verified, the process was not difficult at all. It was very easy. And here are the process and few things you might want to know (if you want to get your Paypal fund, too):

  • First, make sure you have a verified Paypal account. And you already added your bank account information.
  • You have to know that there will be a fee (Rp. 16.000,00) if you withdraw Rp. 1.499.999,99 or less. But, for Rp. 1.500.000,00 or more there is no extra cost. So, we took the second option.
  • It takes 5-7 business day to process. But, we got our fund faster — I think it was 2 or 3 days only.
  • Paypal has its own currency system I guess. So, before sending your funds, make sure that you get the right amount. There is a currency calculator available. The exchange rate was “1 U.S. Dollar = 8.944,22 Indonesian Rupiah”. It might change.
  • If the transaction failed, your fund will be returned to your Paypal account. And, there is Rp. 50.000,00 administration cost for this. Well, I am not sure about the exact number. You will see a short notification before you confirm your transaction.

Pretty easy, right? It was our first time getting funds from Paypal to our local bank. Everything was great. So, if you want to send fund into my Paypal account (donate[at]orangescale.com), I can receive it. Hehehe… :)