PayPal Withdrawal Through 3rd Parties - Think Again | Ramblings of an e-trader

Saturday, 15 September 2007

PayPal Withdrawal Through 3rd Parties - Think Again

I frequent a lot of trading form boards and have come across many people touting their PayPal withdrawal services. There are some that work and some that don't. The thing you have to consider is, can you afford to send your PayPal funds to a stranger and possibly not receive your money? If you can, then by all means, you are free to try these services.

I came across an old tread today on the forum where someone posted a message about PayPal withdrawal services which "only" charge USD10 per month. They have a minimum withdrawal of USD200 and a maximum limit of USD1500 per day.

Out of curiosity, I clicked on the link provided in the post only to find the site inaccessible. Huh... and the post was only posted two months ago. So fast close shop meh? See, if you have money tied up with them, what recourse do you have?

If you are going to withdraw your PayPal funds from third party services like these, you better be prepared that you may never see your Ringgit again.

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