Latest Breaking news! Here’s the latest update on PayPal Supporting Malaysian Ringgit (MYR), now, the final piece of the puzzle is finally completed. You can officially link up your PayPal Account to a Malaysia Banks (or Overseas banks operating in Malaysia, basically via the MEPS network).

More info/tutorial here: http://www.webshaper.com.my/blog/index.php...a-bank-account/

Yea. I just got this news from one of my connection as well.
Good to here that update from PayPal.

Bad news for those paypal credit traders at LYN

why bad news, dun get u?

Because he think no one will trade (exchange) with them again.

Yea. Exchanging still have some risk.
Since PayPal had introduced this method of depositing and withdrawing, it got much easier, risk-free and convenient.

But there are still exchanger who exchange PayPal credits much cheaper than the exact price. So, I think there might still be customer for PayPal exchanger.

This is definitely good news! No need to transfer money to my debit card anymore.

i hope there is no fees like US bank transfer.

It is free when you're withdrawing more than 400 MYR.
For withdrawal for less than 400 MYR, there will be a small fee of 3 MYR. I think everyone can afford it.


PayPal Withdrawal Fees (Malaysia)

Good to know about this. So this means we don't have to have an extra credit card right to do our online transaction. Yahoo! Thanks for the info

WOAH!! I'm sooo happy to hear tis!!! Thanx for bringging tis latest info!

what are the exchange rates?

lyn paypal fund traders offers much cheaper rates than the official paypal exchange rates.

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Added on October 29, 2009, 12:00 pmand wadafak does the rm15.00 return fee means?

This post has been edited by Deimos Tel`Arin: Oct 29 2009, 12:00 PM

this is the best news for today. thanks for sharing.

good la..

i was a scam victim of paypal in LYN... i bought $1000 from kcooi and he raise dispute in paypal 1 week later and paypal refund the $1000 to him and now my balance negative... with this, i will be safe from these scammers

You should able to prove your paypal fund purchasing from him.

this kcooi is old member or new? what year registered?

good stuff TS! Appreciated the information.. transaction via paypal makes easier now

This is absolutely good news... + thanks for notifications.

This post has been edited by pengiranijam: Oct 29 2009, 05:31 PM

Return fee means, when you request a withdrawal but your bank denies the deposit to your bank account and returning the funds to PayPal, that's what return fee come in hand.

So, if you request withdrawal of RM 500 and your bank denies the funds then you will not get back RM 500 to your PayPal balance.
Instead, it will be RM 500 - RM 15 = RM 485.

Wow...I just noticed it that paypal have implement this feature.

But there was something bothered me about this feature.

Since my paypal name is not written similar to my bank account...am I screwed up at here?

For example :

My paypal registered name : Ali Bakar
My bank account name : Ali Bakar Abu Nyoya.

Get what am I trying to mean here?