Here are the two requirements:

1. You must be a verified PayPal member.
2. You need to add a local bank account into your PayPal account.

Important: Please note your first name and surname on your PayPal account must match the name on your bank account. If it does not, your withdrawal request may be rejected by your bank.

More detail information is available in PayPal official page here.

Update:

• 1/30/2008

  I just called 2 of the Indonesian major banks that I have accounts with, and asked for their 7-digit bank code that’s required by PayPal to identify the local bank where to withdraw to. Here comes the problem:

  • BCA (Bank Central Asia) only uses 3 digits for their bank code. When I asked for 7-digit bank code the customer service reps said BCA only uses 3-digit bank code. So I persisted to ask for 7 digit code and said it’s require to transfer from PayPal. Then the customer service reps said BCA doesn’t have any partnership with PayPal so such transfer can’t be done.
  • Bank Mandiri only uses 5 digits for their bank code. When I asked for 7-digit code to transfer from PayPal, the customer service reps didn’t know what PayPal is and there’s no such 7-digit bank code.

  Hence don’t put your hope high yet. Such transfer from PayPal to local Indonesian banks can’t be done yet as the local banks don’t have the PayPal’ required 7-digit bank code.

• 1/31/2007

  I finally found the 7-digit code for BCA. Here’s how to find it:

  1. Don’t call Halo BCA or the local branch directly. It’s useless as the customer service officers haven’t been trained yet and they don’t know how to answer this.
  2. The code for BCA is 014.
  3. Find the code for the local branch code here. It’s a 4-digit code.
  4. The BCA 7-digit code that PayPal required is 014 + the 4-digit code from step 3.

  Now that you have this code, you can add BCA to your PayPal account.

Yes, you can withdraw money into your credit card that’s listed in PayPal. There’s a US $5 fee, but it’s still much cheaper than US $30 wire transfer fee, or $10 check deposit fee, isn’t it? Oh, it’s daily withdrawal limit is $500 by the way.

How to check if your PayPal account can withdraw money?

1. Login into your PayPal account.
2. Click on the “Withdrawal” tab.
3. If there’s an option to withdraw your funds, that means you can withdraw from your PayPal account.

   

How to check if your country can withdraw money?

1. Go to PayPal.com.
2. Click on the “PayPal Worldwide” link.
3. Find your country in the pull down menu and see if there’s a withdraw option.

   

That’s great, isn’t it? Our Internet business can now expand much easier! So start by opening your PayPal account!

UPDATE:

FREE report with rebrandable and resell rights (Yes, I made this blog post into a mini report):

• http://AldianPrakoso.com/PayPalExclusiveReport.zip
• http://AldianPrakoso.com/RahasiaPayPal.zip (bahasa Indonesia)

You can give it to your friends, list, or even sell it