If you could recall, sometime back I wrote a short post about Malaysians being able to withdraw through Paypal. This is an update on my own experience and will be divided into two posts as it is a long article.
I wrote to Millie Luong, a Virtual Money master agent in USA and applied for the Virtual Money Inc. debit card. You need to email her some personal details as well as a scanned copy of your IC. Payment was USD28 via paypal, inclusive of the shipping charges. The card itself cost USD25 only. I opted for the cheapest shipping method as I was in no hurry to get the card. I received my card within 10 days.
The shipping options are as follows:
A) $3.00 shipping via regular United States Postal service (USPS), receive in about one and a half week
B) $8.00 shipping via USPS Global Priority, receive in about one week
C) $20.00 shipping via USPS Express, receive in about 3-5 business day with tracking
D) $40.00 shipping via UPS Express, receive in about 3 business day with tracking
Do note that each Virtual Money debit card requires a minimum balance of $10.00 USD to pay for at least 3 months of your monthly fee of $2.70. On top of that, here are some of the charges that you should be aware of:
Basic ATM Fee Information:
Description Fee (USD)
Funds Deposit 2.00
ATM Withdrawal - 1.80
ATM Withdrawal - International 5.00
ATM Balance Inquiry/Denied Inquiry - 0.50
ATM Balance Inquiry/Denied Inquiry - International 0.50
Card to Card Transfer 2.00
Card to Bank Account Transfer 2.00
Bank Account to Card Transfer 2.00
Monthly Account Service Fee 2.70
Card to Check 4.95
To be con't.....
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