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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… :)

Comments

10 responses to “Withdraw Paypal funds to Indonesian bank account”

  1. Ambar

    Thomas, thanks for this. Just quick question : have you try to pay (overseas) using paypal indonesia?

  2. Thomas Arie

    Hello,
    Yes, I already made some payments using Paypal. I used it when I upgraded my Flickr account. Also, when I made payment for webhosting. All worked without any problems.

  3. Edy

    Thomas,just simple question.
    do u know the bank codes for bca,mandiri?Thanks

  4. satrio

    Thomas,
    Gimana mendapatkan bank code yang ditanyakan oleh PayPal?
    Saya punya account di BCA dan Permata, apakah anda tahu bank code untuk kedua bank itu?
    Thanks!

  5. Joice

    Hi Thomas,
    saya buat link ke BCA dan udah coba withdrawal, saya masukkan kode BCA yang 7 digit (bukan SWIFT Code) tapi ternyata di-reverse tuh.
    gimana caranya ya biar bisa nge-link ke BCA saya? thanks.

  6. pepita

    kalau withdraw itu sending limitnya berkurang nggak? soalnya blom verified jadi ada sending limit $100, jadi sebelom withdraw mesti tau dulu sending limit tsb akan berkurang atau tidak saat kita melakukan withdraw ke bank. (btw bank account saya sudah di approve)

  7. Balitargetstuff

    I become a seller at ebay just because of you.
    Thank you Thomas!
    http://balitargetstuff.com

  8. Sigit

    Thanks a lot for this information. but i still have a qestion, does BCA charge for the transaction?

  9. Street.Walker

    Aku ingin mlakukan withdraw di paypal tp bank account blm di approve, ada yg tahu bank code nya BNI utk paypal? Mhn bntuanny klo bs krm k email saya!
    Trmksh

  10. Hera

    I just want to know what the bank code of bank mandiri cabang menteng , Thank you