Saturday, December 5, 2009

Paypal info for Malaysian

A bit background…

In 2004, PayPal starts to accept Malaysian registrations. No withdrawal options for Malaysians that time. 3 years later, 2007, PayPal allows Malaysians to withdraw PayPal money to their credit card, debit card, or prepaid cards.

2 years later, in the middle of October 2009, PayPal started to support Malaysia Ringgit currency and updated the user policy (paypal login required).

Shortly after, the end of October 2009, PayPal officially allows PayPal money withdrawal to Malaysia bank accounts! A feature that we have waited for 6 years!Now, Malaysians can send & receive PayPal money in Malaysia Ringgit (MYR) currency, and withdraw PayPal money to local bank accounts! Meaning, you can sell your stuff online and let PayPal handle the payment transactions, local or International! It truly opens a new door to Malaysia e-commerce business!
How to add Malaysia bank account to PayPal?

1. Login your PayPal account. Under “My Account” tab, click “Profile” then click “Add/Edit
Bank Account“.
2. At the new page “Add a bank account in Malaysia“. You need to fill in your name, bank
name, bank routing code, and your bank account number.
3. After you are done, you will be asked to review the details. Click “Add Bank Account” button
if everything is correct.
4. You are done!

To know more click here

How to withdraw PayPal money to Malaysia bank account?

In your PayPal account, click on “Withdraw” under “My Account” tab. Then, click “Withdraw to your bank account” link under the options.

At the new page “Withdraw funds“, enter the amount in USD you want to withdraw and select the destination bank account.

1. Click on “Continue” button to review your withdrawal information.
2. At the next page, make sure everything is correct before you click on the “Submit” button.
3. PayPal charge RM15 if the funds are returned because your bank information is incorrect or
does not match!
After you clicked on the “Submit” button. Your withdrawal request is pending to process.
4. Wait 2-3 business day and the PayPal money should be in your selected Malaysia bank

To know more click here




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