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 Paypal Accept withdrawal directly to Malaysia Bank, You can withdraw to bank account!

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josephting
post Oct 28 2009, 09:37 PM

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Yea. I just got this news from one of my connection as well.
Good to here that update from PayPal. smile.gif
josephting
post Oct 29 2009, 12:34 AM

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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.
josephting
post Oct 29 2009, 02:33 AM

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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. smile.gif

Attached Image
PayPal Withdrawal Fees (Malaysia)
josephting
post Oct 29 2009, 07:32 PM

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QUOTE(Deimos Tel`Arin @ Oct 29 2009, 11:59 AM)
what are the exchange rates?

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


Added on October 29, 2009, 12:00 pmand wadafak does the rm15.00 return fee means?
*
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.
josephting
post Oct 29 2009, 08:12 PM

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QUOTE(kding2 @ Oct 29 2009, 08:09 PM)
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?
*
Yes. That might be one of the factor.

This post has been edited by josephting: Oct 29 2009, 08:13 PM
josephting
post Oct 30 2009, 12:55 AM

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QUOTE(calvynlee @ Oct 29 2009, 10:21 PM)
still cheaper then the previous method -VISA card one

withdraw any amount also kena USD5
*
Yea. That's a very good news to Malaysian.
No more excuses that don't want to use PayPal, PayPal expensive or some other reasons... biggrin.gif
josephting
post Oct 31 2009, 12:58 AM

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LoL... No one can withdraw money from your bank account without verification.
You add those bank information is to let PayPal deposit to your bank account. Not withdrawal.
It's kinda odd to have someone thinking like this? rclxub.gif
josephting
post Oct 31 2009, 09:57 PM

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QUOTE(socratesman @ Oct 31 2009, 08:28 PM)
Well of course I know Paypal recently allow us to withdraw to local bank account.
What I wanted to know was, would Paypal use the bank a/c as a funding source as well?

well i just found out myself luckily no, according to paypal https://www.paypal.com/my/cgi-bin/webscr?cm...onality-outside
rclxms.gif
*
Yes. That's right. Only US Banks (maybe Singapore is allowed also? Not sure unsure.gif) are allowed to add funds to PayPal.
Just add credit/debit card to your PayPal account and you're free to pay using your PayPal account.
As long as your cards are valid.

This post has been edited by josephting: Oct 31 2009, 09:58 PM
josephting
post Nov 1 2009, 07:17 PM

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LoL... I've never tried it yet. You can try to figure out if it's possible or not if you want.

From what I can see on PayPal's site, there isn't any information on adding funds via bank accounts. Only withdrawing.

Adding funds, only cards are allowed.
josephting
post Nov 1 2009, 10:38 PM

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You just need to add your bank account. I think...
josephting
post Nov 7 2009, 01:00 AM

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Ya. I agree.
Poor rate is better than paying fees. biggrin.gif
josephting
post Nov 10 2009, 12:39 AM

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Haha... Nice one. Wait them to get expired. laugh.gif
But it may come in handy when some site that's not receiving PayPal and have their own shopping cart system or checkout system.
josephting
post Nov 10 2009, 01:42 AM

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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?

 

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