wat kind of restriction?.. so there's way to withdraw the money??

Like what u've read above...
U can either create US account (stock exchange account), Singapore account (or equivalent except MY account), sell it to other paypal member.

i suggest make a singapore maybank acc. from there u can TT easily.

any bank that u would suggest??.. im not so sure about their banking... is that mean i hv to go there and open an account??..from there can i transfer it to our local bank (eg: maybank, cimb etc)??

i not have any clue. never create overseas bank acc before.

Just an update guys...
US major banks like HSBC are not allowing US personal accounts to be opened by foreigners to use as a PayPal withdrawal account.
To apply for a US business account, they will send their rep to inspect your business premises and it is impossible for small entrepreneur wannabe like me....

Will try to settle down with E-Trade now... and if not, a Singapore account...

thats too bad....
but..will singapore bank allow foreigners open the acount to withdraw from paypal account???

I am now waiting for a reply from HSBC Singapore. Guys, actually you all can enquire yourself, go to some foreign bank sites like Citibank or HSBC in other countries like US or Singapore or UK and send them an email about foreigners opening a personal account and they will surely reply...

But please remember, don't spoil Malaysia's name on financial issues already, answer their questions honestly.... Please and I am begging... If we still cheat them and worse still , attempting a fraud, we will not be able to get a "TRUSTED COUNTRY" status on the world stage like Singapore...

If you have funds, just call them directly...

Enquiry to HSBC@Singapore regarding opening an account (I'm using DBS btw)
HSBC Singapore's reply :

Thank you for your email to HSBC.

The SGD Statement Savings Account (SSV) is a Savings Account.
The initial deposit required is SGD500.00 and there would be a monthly
service charge of SGD2.00 if the monthly average balance falls below SGD
2,000. Customers will be issued with global access ATM card

Interest Rates:
First S$ 2,000 0.125%
Next S$47,999 0.125%
Next S$50k and above 0.250%

All applications are subject to the Bank's approval and are processed upon
FULL submission. You can visit any HSBC Branches in your country to have
the documents authenticated and verified by the staff. The following
documents are required to apply for a personal account at HSBC Singapore:

1. 2 copies of the biographic pages of your passport duly authenticated AND
verified by a HSBC staff
2. completed account opening form
3. completed signature cards
4. completed account mandate (applicable to joint accounts)
5. Proof of Address
We require any one of the following documents for proof of your address:
-NRIC for Singaporeans
-Identity Cards which are issued to foreigners by their home country.
-Passports where addresses are indicated by the Immigration Authorities
-Utility Bills
-Account statements e.g. Credit card or bank statement or banker's
reference
-Work permit if the resident address is declared on it
-Driving licence
-Letter from employer confirming address
-Tenancy Agreement
-Group Introduction Form (for existing customers)

The rates quoted are for indication and subject to change. HSBC Singapore
offers all personal accounts with a debit card, and the convenience of
telephone and internet banking services.

Overseas withdrawals are charged at SGD3.50 from a HSBC ATM and SGD8.00
from a PLUS system designated ATM per transaction. The cash dispensed
will be in the local currency of the country withdrawn at.

Debit cards will not be issued independantly and have to be issued with a
savings/current account. I have enclosed an application for your perusal.

Should you have other enquiries, please call our 24hour Customer Service
Hotline at 1800 HSBC NOW (4722 669) (Singapore) or on CALL COLLECT at (65)
6472 2669 (overseas). We will be glad to assist you.

If you plan to use a singaporean bank to do withdrawal.. make sure you have selected SINGAPORE as your country when u applied for Paypal ... LOL
can't change after u register with Malaysia cos i attempted to but failed..

anyway, what waynelyp90 say is right.... there's so much loopholes and opportunities created for Malaysian just to get their paypal fund out.. If people still misuse them... i don't think paypal or any foreign banks would even consider giving us an account anymore.

I have a paypal account back in 1997 but that account was banned when paypal banned msian acc. luckily i have no funds inside...

---

Added on April 17, 2007, 8:20 pmWith that information, I'm sure it would be clearer now for those who wanna get a Singaporean account... and again, don't misuse it... haha

anyway, well done with that info =) too bad i don't have that much of $$$

This post has been edited by melz84: Apr 17 2007, 08:23 PM

Ah yes, You'd have to register a new paypal account to use PP@Singapore. I use 2 paypal accounts, PP@Singapore for withdrawal and PP@Malaysia for transactions. Why? My PP@Malaysia has higher ratings

LoL... smart.... no money laundering k?? ahahaha.. JKJK

Here's a quick alternative, https://www.virtualmoneyinc.com/index.jsf

For $29.95 you can open up a US bank account with an ATM card that'll let you do local withdrawals. Rates aren't too cheap though, so I'd only advise this if you're gonna withdraw in large amounts (They charge per transaction).

Offtopic:
I no longer earn enough paypal to support my monthly spending T.T, so if anyone interested to sell me a fixed amount per month, that'd be great

just sell funds at lowyat.. lots of buyer like me need it..

eventhough the rate is abit low@rm3.30=1usd, its much more better than making sg account and the transfer rate etc..

We would want to even if the rate is low compared to those high trasaction fees charged by those foreign banks on us...
But if you flip through all those threads at the Dispute section, you'll find that it's risky for us to trade our PayPal funds.... Frauds, cheating can happen...

A question please, when I have a US account, my PayPal account can be Malaysia? I think last time melz said can but why if a have a Singapore account, my PayPal account must be a Singapore one? Blur le...

haha... nvm nvm no need blur.. i'll explain to u why...
well... if u applied for a singapore PP account.. u automatically have a option for u to add in singaporean bank account...

as for Malaysian PP.... u will not get any option to add malaysian bank... but u'll see option for US bank account only.. that's why =)
that's the reason why ppl keep finding ways to get hold of a US bank acc.. ahaha

OK, crystal clear... but maybe until now only... Thanks...

I'm a certified buyer , but I only buy from sellers that have either a successful trade list or have dealt in paypal before.

What is this?

What is this use for?How to check the monthly statement?coz i use Ambank NexG..

Anyone can help me on this?

Once u enrol to that program.. ur card will be charged USD 1.95 ... then wait for ur statement to come lor.. if u got online banking to check ur card balance then most prolly u can check ur transaction history... u'll see a 4 digit number for that transaction..

use that number to activate the Expanded use program