anyways, just done withdraw all $$ transfer to my Maybank liao after see this news~ LOL

basically cannot do 3rd party transfer via paypal anymore

damn..for me it means..can't transfer money to my cuz in the states for them to buy stuff for me..shitsss

Malaysia linked to world’s largest money laundering scheme, NYT reports
http://www.themalaysianinsider.com/malaysi...me-nyt-reports/

maybe that decision has something to do with this

Ebay purchases and other such merchant transactions aren't affected. Cool.

This post has been edited by PzGman: May 29 2013, 02:31 PM

Personal payments are not tied up to type of accounts. So its the same regardless of Personal/Premier/Merchant accounts.

Not much difference between personal payment or commercial payment, except the nature of payment and that for commercial payment, seller always bear the fees. For personal payments, either party can choose to bear the fees.

There's not much effect of the abolishment of personal payment I guess. In early days of paypal, personal payment free of fees but since then they have made them subject to fees as well.

Let's recap the fees structure:

Personal payment
- Using Paypal credit: Free if between MY account, 3.9%+somefixed fee if international transfer --> either party choose to pay
- Fund from card: 3.4% (My-MY transfer) or 3.9%+fixed fee (International transfer) --> either party choose to pay

Commercial payment
- Always free as buyer = sender
- For seller or recipient of fund: - Free if buyer sends using Paypal fund, My-MY only. If buyer send money using card, 3.4% for local transfer, 3.9% for international transfer. <-- this fees can be discounted for merchants.

So what's the effect of personal transfer being discontinued? Nothing IMO

Just pay using the commercial option then. The fees will be deducted from the money sent. Just make sure you add enough to cover the fees if you're the one who agree to bear it.

Even better in this case because since your friend is a 'seller' now, you can open dispute and request refund from paypal in case your friend didn't deliver the stuff

Can, if either party has Merchant account.

means can use visa ...?

Nothing to do with merchant account la ~

Correct me if im wrong.

Personal payment = directly send money to another paypal account
Commercial payment = buy item via paypal check-out eg. Groupon/online purchase

Meaning i will not be able to send money to your account, unless u have a website that uses paypal check-out (which requires merchant account)

So after 4th June 2013 we can't withdraw any Paypal credit back into our local bank account?

Nope. Even personal/premier account also have option to generate invoice/request payment without invoice. Take a look at your paypal account if you have one.

I've sent commercial payment (NOT personal payment) and paid sellers overseas although the seller only use personal account.

Merchant account is meant for sellers with large volume of sale, because they get discounts option for paypal fees.

Just read the FAQs. Other services are not affected, only you cannot use personal transfer option anymore.

One implication of personal transfer not available is to curb transfer / 'selling' of paypal funds among paypal accounts I guess.

I think this is also for people who sell Paypal money through other channels, it denies Paypal off their revenue and they butthurt.

This is off topic but while I'm at it, I recently discovered a way to save a bit from Paypal's conversion rate when dealing with international transfer/payment (we know paypal rates always kinda higher than most banks' rates) : http://lifehacker.com/5957808/avoid-paypal...e-little-option

I've tried this recently and saved about RM8 for a RM300 worth of transfer.

why kenot money laundering ka

No

wahlau eh... thanks mate. i faster transfer out before all money gone

does this apply to ebay? my question may be noob abit but i know u're a helpful girl. thanks