One of the most reliable digital payment systems in the world, PayPal allows customers to swiftly and safely move money across borders and conduct worldwide online payments. PayPal has grown in popularity among Vietnamese consumers due to its robust security measures and ease of use. BurgerPrints offers a detailed tutorial on how to connect your PayPal account to MB Bank in this article.
Requirements for Linking PayPal with MB Bank
Similar to well-known e-wallets like MoMo, PayPal provides users with an easy way to handle payments. PayPal’s greatest value, though, is its capacity to facilitate worldwide transactions, enabling users to send and receive money internationally and purchase on foreign websites.
Make sure you fulfill the following prerequisites before connecting PayPal to MB Bank:
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You must have an international debit/credit card, Visa, or Mastercard.
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PayPal needs to fund the bank. PayPal account linkage is currently offered by MB Bank (Military Commercial Joint Stock Bank).
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You need to verify your PayPal account. This implies that you must enter accurate personal data, such as your full name, date of birth, ID number, and residential address.
In addition, make sure your card has been activated for online and international transactions and that it has sufficient balance or available credit limit.
How to Link PayPal with MB Bank
To begin the linking process, log in to your PayPal account. If you do not already have a PayPal account, create one first before following the steps below.
Step 1: Access the Wallet Section
Log in to your PayPal account through the PayPal website or mobile application.
Navigate to the Wallet section and select Link a Bank Account, which is typically located near the card-linking options.
Step 2: Enter Your MB Bank Information
A new window will appear requesting your banking details. Fill in the following information carefully:
Bank Information
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Bank Name: Military Commercial Joint Stock Bank (MB Bank)
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SWIFT Code: MSCBVNVX
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Bank Account Number: Your MB Bank account number used for Internet Banking transactions
Card Information (if linking a card)
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Card Type: International debit or credit card (Visa or Mastercard)
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Card Number: The 16-digit number displayed on the front of your card
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Expiration Date: Printed on the card in MM/YY format
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CVV/CVC Code: The 3- or 4-digit security code located on the back of the card
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Billing Address: The address registered with MB Bank for your card
Step 3: Complete Verification
After entering all the required information, click Link Your Bank or Link Card.
PayPal may send a one-time password (OTP) to your registered phone number or email address for verification. Enter the OTP to complete the linking process.
In some cases, PayPal will temporarily charge a small verification amount (usually around $1.95 USD) to confirm the card’s validity. This amount will be refunded after successful verification.
Important Notes When Linking PayPal with MB Bank
When using PayPal with MB Bank, you should be aware of potential fees and transaction limits that may apply.
| Fee Type | Fee Amount |
| Bank linking | Free of charge (PayPal may temporarily charge a small verification amount, which will be refunded after verification) |
| Withdrawal fee | 60,000 VND |
| Commercial payment fee | 4.40% + fixed fee (1) |
| Failed withdrawal fee | 70,000 VND |
| Failed payment fee | 0 VND |
| Deposit/Withdrawal frequency | Unlimited |
(1) Purchasing or selling goods and services, accepting payments, and transferring funds via PayPal for commercial use are examples of commercial transactions.
PayPal charges a fixed fee based on the transaction currency in addition to the percentage-based cost.
| Currency | Fixed Fee | Currency | Fixed Fee |
| Australian Dollar (AUD) | 0.30 AUD | Taiwan New Dollar (TWD) | 10.00 TWD |
| Brazilian Real (BRL) | 0.60 BRL | New Zealand Dollar (NZD) | 0.45 NZD |
| Canadian Dollar (CAD) | 0.30 CAD | Norwegian Krone (NOK) | 2.80 NOK |
| Czech Koruna (CZK) | 10.00 CZK | Philippine Peso (PHP) | 15.00 PHP |
| Danish Krone (DKK) | 2.60 DKK | Polish Zloty (PLN) | 1.35 PLN |
| Euro (EUR) | 0.35 EUR | Russian Ruble (RUB) | 10.00 RUB |
| Hong Kong Dollar (HKD) | 2.35 HKD | Singapore Dollar (SGD) | 0.50 SGD |
| Hungarian Forint (HUF) | 90.00 HUF | Swedish Krona (SEK) | 3.25 SEK |
| Israeli New Shekel (ILS) | 1.20 ILS | Swiss Franc (CHF) | 0.55 CHF |
| Japanese Yen (JPY) | 40.00 JPY | Thai Baht (THB) | 11.00 THB |
| Malaysian Ringgit (MYR) | 2.00 MYR | British Pound (GBP) | 0.20 GBP |
| Mexican Peso (MXN) | 4.00 MXN | US Dollar (USD) | 0.30 USD |
Conclusion
Users may easily and securely send, receive, and handle international payments by connecting PayPal with MB Bank. If your MB Bank card and PayPal account satisfy all conditions, the process is simple and usually takes a few minutes.
We hope that this tutorial has made it easier for you to connect your PayPal account to MB Bank. For further helpful eCommerce, payment, and online business tips, don’t forget to follow the BurgerPrints blog.
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