if my paypal name not same with my bank account name,can i withdraw my paypal usd to my local bank account?somebody know it? help pls~

for maybank 3 - 5 days i think. for Public bank, i just called them to received it after 1 day will get it d..

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Added on October 31, 2009, 3:05 pmerr... i thought that one is applicable for ebay only? If your feedback is less than 100 .. your funds will always be hold until the person gave you a feedback..

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Added on October 31, 2009, 3:07 pmmost probably that the stuffs u wanted to buy does not shift to worldwide, only shift to USA. find an alternative post or try asking the seller whether he could send internationally or not

This post has been edited by meltigloo: Oct 31 2009, 03:07 PM

so lets say i have a maybank debit card that tied to a paypal acc.
can i use the money in my maybank acc to buy things using paypal?
eg: steam, direct2drive, etc2

Why cannot sell paypal on LYN anymore?

use bank account to add funds to paypal? I think tat cannot be done...Maybank visa debit card can use to verify the account but there is still a problem to use it to add fund to the paypal...Only some of the bank debit card can be use to add fund to paypal, not all bank in malaysia. And paypal transaction fee 2.5% will apply if u use credit card or debit card, even u use as personal payment to send it.


I agree too...simply ban it wont stop or reduce the scam...it still will happen at other place.

ya la..why arrr?

THANKS GOD.

sorry...posted in another section:

http://forum.lowyat.net/index.php?showtopic=1212364

This post has been edited by abubin: Oct 31 2009, 10:20 PM

Tutorial for Maybank2U debit card owners<-- --> Paypal: http://blog.lankapo.com/paypal/cash-out-yo...ank-debit-card/


I see alot of people feeling sad that Paypal transactions aren't allowed here anymore...but did you guys know that you can use your Maybank Visa Debit Card to withdraw money directly into your savings account ? Not just verify, as in really withdraw cash into your bank account. I already did it twice, they charge a hefty 3.5% + RM 20.00 + their "Paypal Converter" is always 0.2% short from the normal exchange rate (dunno why ), but it's still way more convenient than doing TT or selling Paypal funds.

To cash out money for USD you have received you must subject in +2% difference for PayPal foreign conversion rate to MYR then only you can cash out.

For example 3.9%+2%+RM2, like that you will not feel short changed.

Best practise is get your customer pay in Malaysian Ringgit, do not accept USD any more. Time to dished out USD.

Fix me if I am wrong.

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Added on November 1, 2009, 12:44 amSome website said is 2.5% OMG!

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Added on November 1, 2009, 12:47 amIf you accepting Malaysian Ringgit you will get some charges for

3.9% + RM2 for cross border transaction.
3.4% + RM2 for domestic tranaction.

But if you accepting like USD
3.9% + 2.5%/2% + RM2 for cross border transation+ PayPal conversion rate + cash out.

Wow!

This post has been edited by DAViS: Nov 1 2009, 12:49 AM

I received my code from Maybank within 24 hours. Well within the first 8 hours actually.

No. Only can withdraw funds. You still need cc or dc to pay with your paypal.

I have the same concern too. Will need to ask PayPal.

yes. if your maybank debit card linked to your paypal, you can use your paypal account to pay, choosing the funding source, credit/debit card.

i cannot link my maybank debit card with paypal acc~

can someone teach me how??

i found a page which teach ppl to link maybank debit card to paypal
http://me.zestful.org/2009/08/tutorial-lin...rd-with-paypal/

anythin that we need to be aware while transfering fund?


This post has been edited by agent man in pain: Nov 1 2009, 11:44 AM

thanks.

are you sure maybank debit card can add fund to paypal? So i far i only heard public bank debit card can do that without problem and some ppl got problem to add fund with maybank debit card

http://www.malcolmwong.com/2009/07/12/link...count/#more-382

can't add fund. what i mean is use directly. like my paypal balance is zero, then i buy sth on ebay, then i can pay terus with paypal. there is no need to add fund. since maybank debit card can withdraw directly from my maybank.

Do you mean at the end it's cheaper to accept payment in MYR? Let's say a guy in US wants to pay me USD 1k, will I get more if I ask him to "convert-transfer" the USD 1k into RM 3.5k, before withdrawing into my savings account?
or will I get more if he pays me in USD, and I "convert-withdraw" to my savings account by myself?

This post has been edited by singkah: Nov 1 2009, 04:23 PM

You will get less money in MYR if you accepting USD. All the while I thought is good to accept in USD but in the end doing oversea business I make less money. If you own a Malaysia issued credit card if you buying stuff from oversea paying in their currency bank will use Visa, Master or AMex their own rate of charge. Some overseas seller learned it in hard way, now they try to use their own country currency.

The above rate is correct if you accepting MYR 3.9% + RM2 for cross border transaction.
If you accepting USD it will be 3.9%+2% or +2.5% + RM2 for cross border transaction.

ah...lidat then i waste my money di...thanks ya DAViS, you're a lifesaver

just to clarify, if he transfer USD 1k to me via normal method, I will lose to Paypal extra 2% hidden charges?

That's 20*3.5=RM 70!! So you're saying that if he transfer to me RM 3500 instead of USD 1000, I will get RM 70 free?

This post has been edited by singkah: Nov 1 2009, 05:11 PM

Let's going in math way.

For example fix the rate at 3.5 for now, I know is not real but you may refer the rates according to PayPal.

That fellow pay you USD1K.
When you have received the money paypal will get 3.9% off from USD1K
1,000
0.961 ×
--------------------------
961 =
You will get USD961 in your book account, you want to get your money out in USD if you live in US. You will get USD961. Nice isn't it?
The reality is you are living in Malaysia and your bank is in Malaysia. You want to cash out in MYR. Now you are USD961.
Let's assume is 2% rate.
961
0.98 ×
--------------------------
941.78 =

3.5 ×
--------------------------
3,296.23 =

2 -
--------------------------
3,294.23 =

You will get RM3294.23 in cold hard cash after the RM2 processing fees. What if 2.5% rate?
961
0.975 ×
--------------------------
936.975 =

3.5 ×
--------------------------
3,279.4125 =

2 -
--------------------------
3,277.41 =

You will get RM3277.41.

The next possible scenario is both of you make a deal to trade in MYR.
3,500
0.961 ×
--------------------------
3,363.5 =

2 -
--------------------------
3,361.5 =

That is what you are expecting in MYR 3361.50.
If you want to make MYR3500 firm, then add the 3.9% to the amount or you may add up RM2 for cash out fees if you want.
3,500
1.039 ×
--------------------------
3,636.5 =

2 +
--------------------------
3,638.5 =

This is the amount he/she should pays to you. You will receive MYR 3500 intact without loosing a single cent.

*Fix me if I am wrong*

selling paypal is not allowed? wtf why?