Archive for October, 2007

My oh my… I just got a new thing that can be added to my Deepavali / Christmas / Hanukah wishlist: The Samsung G600. I just LOVE the sleek slim design that surpasses my tiny cutie of E630C which I got as a free gift from the bank for taking on their debt burden of a credit card.

You see, the G600 features are just as great, but 5.0M camera , Quad Band (GSM 850+900+1800+1900 MHz) EDGE GPRS with 40MB memory and Email enabled really is a mobile which is sleek and small and more deadly than the blackberry or even the SonyEricsson P910 series.

Like Tia Baby would say.. I LIKE….

Don’t you?

Happy Eid Mubarak to all the Muslims, ans a Joyous holiday to Singaporeans, Malaysians etc who are having a long holiday.

ME? Down with a nasty cold and flu AGAIN!

Take care Y’all! Drive Safely!

Nimrodjo was confused about the funds withdrawal method mentioned by PAYPAL.

Right, some clarification.

RHB ALLOWS LOADS to their DEBIT MASTERCARD (SENQ)
CIMB …also to VISA CARD ONLY.
MAYBANK Allows load to their SINGAPORE BASED MASTERCARD ELECTRONIC, not Maybank Cards.
AMEX, YES. NOT FOR AMEX CREDIT CARDS by HLB and MAYBANK.

Procedures of NOT GETTING YR CARD REJECTED:

BUY SOMETHING FROM THE CARD using PAYPAL. If you have funds in USD, buy something in GBP. Otherwise, it will automatically debit from yr paypal balance. You can opt not to, but it’s a run about. (ASK FOR DETAILS)

Then , and only then you can payout yr funds to yr card.

VMI card, is just another rip off.

Another thing, don’t forget to inform IRB for those earnings, otherwise, you will get yr acct suspended , and all yr bank accts too!

Did you hear the news? It’s true, that you can WITHDRAW your cash to your VISA DEBIT or CREDIT CARD. But don’t get your hopes and rush to the bank yet, there are a few catches.

First : US Dollar Based Withdrawal.
Second : USD5.00 Withdrawal Fee
Third : Proceeds will be less 2.5% at your bank.
Forth : Prevailing Visa + Bank Commission of 2.0% is imposed before conversion to Ringgit
Fifth : Takes 7-14 BANKING DAYS TO CLEAR
Last: NOT ALL CARDS CAN BE CREDITED INTO.

Let me put it blindly. Your Nex-G Card , SmartPurse and HYIP Cards prepaid debit cards issued by AMBank, EON Bank, Affin Bank and other banks which has your name NOT-EMBOSSED ON IT are not allowed to be transferred into. This is a statement issued to Resellers and Retailers running the APS EMV programs, which these cards are issued to.

BSN MATRIX CARD which is a Visa-Electron cannot have credits into their card as it’s powered by Affin Bank’s Backbone. Nor REFUNDS can be issued to these cards. The merchant terminal will say OK with Approval Refund Credit codes, but the proceeds will not go to these cards. Thus why Expanded Use number cannot go thru with these cards.

Banks which I am given a green light to credit thru are as follows:

RHB Bank (7 days)
CIMB Bank & Southern Bank (12 days)
Citibank (14 days)
HSBC Malaysia (6 days)
United Overseas Bank (12 days) - NO DEBIT VISA ELECTRON

These banks have said NO as they will not process refunds which originating funds did not originate from them.

Standard Chartered Bank *(DEBIT CARD MAY WORK)
BANK SIMPANAN NASIONAL BSN CREDIT & MATRIX
MBF Cards (Pending)
AM Bank (some reported unable to do so, Prepaid cards are NOT ALLOWED to have REFUNDS)
AFFIN BANK (as their issuer platform is in UK, and does not allow due to BNM Rules)
BANK RAKYAT
BANK ISLAM (ISLAMIC Regulatory, as funds may be not from Islamic Sources)
Al-Rahji Bank (Due to Islamic Terms)

Others…. this is something that may be interesting.

Thai Based E-Purse from 7-11 Shops are NOT ALLOWED to be refunded thru.

MayBank Singapore Mastercard Electronic allows REFUNDS and CREDITS, but you have to chase after them.

NET PROCEEDS will be about as follows:
Example : you want US$100 withdrawal with min $10 amount, and max of $500 a day

You have to withdraw a total of $105 from your paypal.
100-2.5-1.75=95.95USD = Approx RM316.

So effectively,you will get smacked RM40 / US$12 or about 12% in terms of fees, minimum.
That excludes processing time of as early as 14 banking days from the minute you say withdraw to the funds showing in yr credit card.

But then, better than going about the bush and get smacked with heavy withdrawal and card fees like Accend Card or VMI??That on top of $5 monthly fee.

If you still want a card like so… a Visa Debit Card, let me know.Just pay for the direct cost and postage.

THIS DOES NOT APPLY TO SINGAPORE ACCOUNTS!