Using VMI card to withdraw funds from Paypal

[mr.taha_abbas]

I have a VMI card that reloads via egold, e bullion WU.. i have attached to paypal now if i withdraw cash from paypal to VMI will it automatically get reloaded?

[id62000]

Yes. It will appear in your VMI account within 4 days or so.

Note that when you withdraw from your card, you'll need to keep $10 as a minimum in your VMI account. Paypal charges $2 as the transaction fee as per:


Transaction Charges

Funds Deposit 2.00
ATM Withdrawal - US 1.80
ATM Withdrawal - International 5.00
ATM Balance Inquiry/Denied Inquiry - US 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

Also note that Paypal has the habit of limiting paypal accounts that has made a transaction via VMI. So be ready with verification documents as well. (It seems VMI is in the list of banned DC cards, and Paypal judges them according to the name of the bank to which they are linked to...) In the end, sometimes, they may even remove your VMI card from the Paypal account. (There have been cases of Paypal account getting permanently frozen if you're unable to provide the required info.) But the first withdrawal usually works well and there have been many successful withdrawals made.