but, hard also la.

say exchange rate is now

1.00 USD = 3.42 MYR

when it bkums

1.00 USD = 3.52 MYR
(dunno wait how long)


buy 1 usd = untung 0.10 ringgit
buy 10 usd = untung 1 ringgit
buy 100 usd = untung 10 ringgit
buy 1000 usd = untung 100 ringgit :


cannot la.

seriously need to wait very long... and the worst thing is when u buy 3.42, after 3 month later, it drop till 3.32... and after 3 month , raise back 3.42...

finish halfyear, still earn nothing...

correct. that's why not worth it. sell condoms can profit much faster, low capital also.

Some info from others who has try withdrawing money from Paypal to Maybank:






No charge if you withdraw more than RM 400.

1usd = 3.32 ringgit ?

wow the exchange rate is horrible.

http://www.xe.com/ucc/convert.cgi?Amount=1...20&image=Submit

1 USD = 3.42490 MYR

This post has been edited by Deimos Tel`Arin: Nov 5 2009, 12:28 PM

ya lor..what about visa withdrawal? same rate?

and what the duration for the fund to be cleared on local bank?

VISA usually will follow the international rate, and it suck USD5/transaction, and max is 500USD cash out ony (actual is 495USD after get suck 5USD)

I am planning to cash out 500USD to my bank, any one want to cash out at VISA at the same time? let see what the different after the end...

Update:

star news paper rate show 3.38, but the cash out rate show 3.33

each dollar bank suck 0.05cent... no wonder bank willing to take this service

This post has been edited by calvynlee: Nov 5 2009, 10:00 PM

I've just requested to withdraw my money from Paypal. They said should get around 12th. Maybe you should try and transfer to your debit card and lets see which one is faster.
Also the rate is $1-RM3.32
Emm...

I suspect Paypal uses a lousy exchange rate which is really unfavourable to us.

I have withdraw 500 to debit card, as well as 500 to my bank at the same nite..

let see which one come 1st, and which one have a better deal

For withdrawal not sure. For injecting funds, its the credit card issuer problem because its all in USD.

Well my paypal says that its completed but its not at my m2u yet. They did mentioned will get before 12th. emm..


p/s- oh, and yeah, the rate sucks big time but better than having a fee %

This post has been edited by wussadotcom: Nov 7 2009, 12:23 AM

Ya. I agree.
Poor rate is better than paying fees.

muahahahaa..y a lohhhh..

i think if u change money got fee charged rite?

my withdrawal went well. Now don't know what to do with my debit card.

Haha... Nice one. Wait them to get expired.
But it may come in handy when some site that's not receiving PayPal and have their own shopping cart system or checkout system.

Dang!! Paypal is high class money changer...they make tons of money with conversion of currency.

Well. You have any idea to process transaction other than PayPal?
There are several other payment processors but who wouldn't go for PayPal since it's the biggest?

Ok, the money was received to day. Seems like Paypal took around 2-3 days to process and Maybank took around 3 days to process.

So which one is more *untung* for us? Withdraw to Card or Bank Account?