Tuesday, January 19, 2016

Cambodian to Receive and Withdraw Money from Paypal

If you are interested in this topic, you might have been introduced to Paypal and already knew that there is a bottleneck with Paypal when you want to do online business in Cambodia, because in Cambodia, we can only send money out, but not receiving or withdrawing money from Paypal.

You might also have been introduced to using fake address abroad, let say an address in America or in Thailand to register a new paypal account, then register another account in Payoneer to get a master card so that you can withdraw your money from ATM machines. If you are happy with that option, you can do that too.

However, here I am introducing my Paypal Withdrawal Service.

Lazy to read? Ask me directly. 
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Lazy to communicate? I got all covered below:

Withdrawing money from Paypal in Cambodia is an absolute pain. That is why we create this service to serve you. we do hope that you all can withdraw money from Paypal just like we do in the nearest future, but for now let me assist and make small profit out of this service during this transition time.


We are providing this service for 5% (of your final money) per transaction.

*Final money refers to the amount received after conversions and transaction fees.

**** We look for partnership, not one-timer; thus, if you think 5% is too expensive, you can opt in for a flat rate at $10 per month without limiting how many times you would like to withdraw in a month, but you will have to pay us annually in advance ($180/ year) **** 

How it works:

As described below is a fact that we assisted our clients to withdraw their money. 

Say, you would like to withdraw $305 from your Paypal account. Then, you will need to send us the amount. Paypal will charge the transfer fee, and for this case, it is $12 (If you choose this option "Send to Friend", then the transfer fee is a lot less than this. You will have to cover the transfer fee.

When my Paypal account receives your amount, we will see the amount in USD still. Then, we will send the amount from my Paypal account to my Thai bank account (Conversion no. 1). For this case, $305 equaled to 10,265.64 Baht. - Check rates here. 


Usually, it takes 6 days to receive the amount in my Thai bank account. Please be patient.


Now I can see the amount in my Thai bank account

The amount in my Thai bank account is in Thai Baht (10,265.46 Baht). So, when I go to ATM machine, it will convert to USD (conversion no. 2)



I withdrew $300 just to check the Thai Baht rate. So, by now don't get confused why I did not withdraw $305. Below was how I did it.

According to the withdrawal receipt:
$300 = 10,587.00 Baht 
Then, 10,587.00 Baht divided by $300 equals to 35,29
The conversion rate was 35,29
Your money I received was 10,265.46 Baht
Then, 10,265.46 divided by 35.29 equals to $290.88 (This is your money after 2 conversions)

I charge 5% per transaction:
Thus, $290,88 minus 5% ($14.54) equals to $276,34
In total, you spend $317 ($305+$12) to get $276,34 

You should be alerted also transferring from Paypal to Thai bank account is usually free if the transfer amount is more than $250 per transaction. If it's less, they would charge you 50 Baht per transaction. 

All is done within 6 days. No magical way.

I will transfer your $276,34 via Aceleda Unity, Cathay United Bank or Canadia Bank to you. Transfer fee will deducted from you. Basically, I earn $14.54 commission. If you withdraw regularly, then you might want to consider a flat rate $15 per month with us. Currently, we are doing this for one client, but you will have to pay annually that means we need $180 upfront. This $180 cannot be refunded for any reasons.

I can also send the money to you via Wing, eMoney or other money transfer agencies. However, I would allow you to use this option after clearly know one another because scammers might send me the money in Paypal and claim for a refund in Paypal after they have received the amount from money transfer agencies. For bank transfers, I can complain to the bank if you wish to cheat me.

Also, in Paypal, I only accept the money from you so that I keep you hold full responsibility when one requests a refund afterward. I do not request for payment from your clients on your behalf, and then forward the money to you because in Paypal if your client is not happy with your service or product, they will ask for a refund, and that should not be me who is responsible for a refund since you are the one who provides them service and yet you already got the money from me via bank transfer or agencies. 

If you are new and wish to use my service, please send me a copy of your identity card, passport, family book, a link to your company, or facebook profile, or anything that I can use to identify the real you.

Want your money fast?
We can send your final money on the same day if you are willing to pay 12% commission. Why higher commission? Because you have the privilege to use our money first, while your money has not arrived in our bank account. One more thing, if you opt in for this option, we will rely on the today conversion rate. 

As you can see, I have received USD 6,919.00 by April 18, 2017. I have received most of the amount as 4 clients use my Paypal withdrawal service. And yes it included my personal income.



Query at: 081 688 555 or via email vuthychour@gmail.com (Do not send money to this email)

What our clients say about us:

"Vuthy is a reliable and nice person. I used his PayPal Cambodia Withdrawal Assistance Service. He acted fast and provided me good service. I will surely use him again in the future." - Norindra Abbe, from Lingua Cambodia

35 comments:

  1. This method is easy to get PayPal. I pray to have one too.

    ReplyDelete
    Replies
    1. It requires you to have friends there. If not, you may try Payoneer.

      Delete
  2. if i have Payoneer card can i receive or withdraw money?

    ReplyDelete
    Replies
    1. I think so. That's the use of Payoneer mastercard. You can withdraw worldwide.

      Delete
  3. May i have your phone number?

    ReplyDelete
    Replies
    1. My number is 017 888 995 or 081 688 555. Please call me after between 5 to 8pm. I am normally busy during daytime.

      Delete
  4. Many people use Payoneer master card to receive payment from the US, like people who join Amazon affiliate programs.

    Please ask me in this blog or via email. I'm happy to answer all of your questions.

    I'm normally busy at work during daytime so I don't expect to pick up call and talk about this at work. It's best for me to answer your questions when I have time at night. My email is vuthychour@gmail.com

    ReplyDelete
  5. I Have Link Bank with Payoneer many times, but it doesn't work. and i've heard that Paypal Stop Link with payoneer bank anymore. any solution :( Mr. Vuthy ...!

    ReplyDelete
    Replies
    1. Hi, Mr. Chan Dara,

      I have no experience in using Payoneer. As you can see in this blog, I use Paypal account to withdraw money to my Thai bank account.

      But if you search a guy's name Tung Tran in facebook, or read in his blog in the link below, it may give you more ideas on Payoneer because he basically uses Payoneer to receive payment.

      http://www.cloudliving.com/receiving-payments-from-affiliate-programs/

      If after reading, you still cannot find your answer, you should try again and drop a question in his blog. I am sure he will answer your question about Payoneer.

      For me, I would help if I could, but I use Paypal directly.

      Delete
    2. Hi Mr. Chan Dara,

      I have just realized that from a few other friends. If you need my service, please let me know.

      http://www.vuthychour.com/p/paypal-cambodia-withdrawal-assistance.html

      Delete
  6. hello, how much i will need to pay for the services fee?.

    ReplyDelete
    Replies
    1. Hi, the annual fee is 200 baht.

      For other fees, you may visit CIMB Thai web site.

      http://www.cimbthai.com/CIMB/en/personal/product/debit-card_atm-card/debit-card/

      Delete
  7. Thank you,

    Can you help me register this bank in Thailand ? and I can for the services fee.

    Or can you help me withdraw fund from my paypal ? and i will pay you 15% per transaction .
    thanks

    ReplyDelete
    Replies
    1. Hi, I cannot help you register in Thailand because I am not Thai.

      How much do you need to withdraw?

      Delete
  8. Let's talk in detail in email if you wish to pay me 15% per transaction. My email is vuthychour@gmail.com

    ReplyDelete
    Replies
    1. hello, could you let me know your phone number please ? or call me by 012 848646
      i will need to withdraw between $500 - $1,500 per month. thanks

      Delete
  9. hello, i can send the payment from my paypal to your paypal then i get the cash from you that is fine.

    Please kindly share your phone number then i call you or you can call me by 012 4 86 46

    Thanks,

    ReplyDelete
  10. hello, i can send the payment from my paypal to your paypal then i get the cash from you that is fine. My email pom.piseth@iwebsolutiobn.com

    Please kindly share your phone number then i call you or you can call me by 012 4 86 46

    Thanks,

    ReplyDelete
    Replies
    1. Hi,

      I tried to send you an email, but it failed. I received the msg below

      Delivery to the following recipient failed permanently:

      pom.piseth@iwebsolutiobn.com

      Technical details of permanent failure:
      DNS Error: 41180774 DNS type 'mx' lookup of iwebsolutiobn.com responded with code NXDOMAIN
      Domain name not found: iwebsolutiobn.com


      And for your telephone number, I think you missed one digit.

      Please contact me via vuthychour@gmail.com. My phone number is 017 888 995 or 081 688 555.

      Let's talk tomorrow morning if you wish to call. Or if by email, you can send me now, I'll reply immediately.

      Thanks.

      Delete
  11. sorry my email is pom.piseth@iwebsolution.biz

    ReplyDelete
    Replies
    1. Thank you. I sent you an email. Let's discuss further in there.

      Delete
  12. This comment has been removed by a blog administrator.

    ReplyDelete
    Replies
    1. Hi, I think you does not work. You will have to select country and you will see available banks to link.

      However, when you select Cambodia, there is no way to link because Paypal itself does not allow Cambodia to receive and withdraw money.

      Delete
  13. This comment has been removed by a blog administrator.

    ReplyDelete
    Replies
    1. Cambodian banks, any banks - We can send out money only. We cannot neither receive nor withdraw.

      Delete
  14. Dear Vuthy, I want you to help on this. It is possible. I can give you a service charge. Thanks for your reply.

    ReplyDelete
    Replies
    1. Hello Mr. Chantha,

      Sure. I can help you on this. Have you read the detail in the link below?

      I suggest that you read that first and then if you have question, please ask.

      http://www.vuthychour.com/p/paypal-cambodia-withdrawal-assistance.html

      Delete
  15. Hi, do you have any ideas to set up internet online store and accept payment by credit card?

    ReplyDelete
    Replies
    1. For credit card, you can contact bank directly. They have such service.

      Here is an example,
      https://www.cathaybank.com/business-commercial/cash-management-services/business-online-banking

      They will show you the exact rate and fee.

      However, if you wish to accept payment via Paypal, debit card, credit card at the same time, I can give you a html link to access to my paypal account. because when a client does not have a paypal account, they still can pay to paypal account from their debit or credit card.

      Delete
  16. Do i need to use an address from Thailand when i sign up for Paypal or can i use my Cambodian address?

    ReplyDelete
    Replies
    1. You haven to use an address in Thailand. Why not use the address of your guarantor? He/she is Thai right

      Delete
    2. Do you mean that we can use the address in our passport to open a bank account, but we have to use an address in Thailand to sign up for PayPal?

      Delete
  17. hello i want to withdraw paypal

    ReplyDelete
    Replies
    1. Hi, let's communicate in Facebook Messenger.

      Delete

 
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