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PayPal discussion thread, No PayPal fund sales allowed!
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 Nov 1 2009, 07:19 PM
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Junior Member
139 posts Joined: Jun 2009  
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hi everyone ~ i have a noob question here~
When i wan to pay my supplier in oversea, he will charge me 3.9% + 0.9 usd ~ so , if i am using maybank debit card , will i be charge again 3.9% + RM2 for cross border transaction??? thx who ever can clear my doubt ~ thx |
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Nov 1 2009, 07:23 PM
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Junior Member
253 posts Joined: Mar 2009 From: Somewhere over the rainbow~ 
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QUOTE(agent man in pain @ Nov 1 2009, 07:19 PM) hi everyone ~ i have a noob question here~ the reason why ur supplier charge u it's because paypal charge receiver not sender for the fee. so u only send to ur supplier the fee lor. dun use personal. When i wan to pay my supplier in oversea, he will charge me 3.9% + 0.9 usd ~ so , if i am using maybank debit card , will i be charge again 3.9% + RM2 for cross border transaction??? thx who ever can clear my doubt ~ thx   |
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Nov 1 2009, 07:23 PM
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Senior Member
2,503 posts Joined: Jan 2003 From: http://davis-online-store.com
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QUOTE(agent man in pain @ Nov 1 2009, 07:19 PM) hi everyone ~ i have a noob question here~ He received less money, unless he/she ask you to add in more.When i wan to pay my supplier in oversea, he will charge me 3.9% + 0.9 usd ~ so , if i am using maybank debit card , will i be charge again 3.9% + RM2 for cross border transaction??? thx who ever can clear my doubt ~ thx |
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Nov 1 2009, 07:25 PM
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Junior Member
139 posts Joined: Jun 2009
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QUOTE(Emily Yee @ Nov 1 2009, 07:23 PM) the reason why ur supplier charge u it's because paypal charge receiver not sender for the fee. so u only send to ur supplier the fee lor. dun use personal. i know~ wat i tryin to say is , did maybank charge us when we transfer fund using our debit card? |
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Nov 1 2009, 07:28 PM
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Junior Member
253 posts Joined: Mar 2009 From: Somewhere over the rainbow~
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QUOTE(agent man in pain @ Nov 1 2009, 07:25 PM) i know~ wat i tryin to say is , did maybank charge us when we transfer fund using our debit card? never, so far i use. normally if i send usd10, then maybank withdraw like 35.XXthen next few days, masuk balik 35.XX and withdraw 34.XX... always like that. |
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Nov 1 2009, 07:31 PM
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Junior Member
139 posts Joined: Jun 2009
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QUOTE(Emily Yee @ Nov 1 2009, 07:28 PM) never, so far i use. normally if i send usd10, then maybank withdraw like 35.XX ok ok~ thx dear!! ^^ i only use paypal to pay my supplier , currently no international customer lol~ then next few days, masuk balik 35.XX and withdraw 34.XX... always like that. if maybank never charge when i pay my oversea supplier , its fine for me ~ thx ya !!!^^ |
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Nov 1 2009, 10:50 PM
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Junior Member
165 posts Joined: Oct 2007
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QUOTE(Emily Yee @ Nov 1 2009, 04:14 PM) 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. yup...what i mean is use directly, sorry for i wrong mention it. I heard some ppl have problem using their maybank debit card with paypal, wondering what happen...quote from http://www.malcolmwong.com/2009/07/12/link...paypal-account/  |
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Nov 1 2009, 11:07 PM
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Junior Member
253 posts Joined: Mar 2009 From: Somewhere over the rainbow~
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QUOTE(qwer312 @ Nov 1 2009, 10:50 PM) yup...what i mean is use directly, sorry for i wrong mention it. I heard some ppl have problem using their maybank debit card with paypal, wondering what happen... i have no problem to use my debit card to use directly with paypal. paypal got 1st time limit to rm500, if exceed 500, u cant use. u need to go atm, change the limit of the card for online transaction.quote from http://www.malcolmwong.com/2009/07/12/link...paypal-account/ Added on November 1, 2009, 11:07 pmi mean maybank, not paypal limit. This post has been edited by Emily Yee: Nov 1 2009, 11:07 PM |
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Nov 1 2009, 11:21 PM
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Junior Member
51 posts Joined: Dec 2008 From: Earth
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isnt it better to withdraw money to a maybank US$ account and convert it yourself with higher rates?
or let me ask: is it possible? This post has been edited by Mokuton: Nov 1 2009, 11:23 PM |
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Nov 2 2009, 12:50 AM
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Senior Member
2,503 posts Joined: Jan 2003 From: http://davis-online-store.com
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Just tested receiving money from a Malaysian member with Malaysian PayPal account in Malaysian Ringgit but PayPal still charge us 3.9% instead of 3.4% as published.
The item is RM405. 405 2 + -------------------------- 407 = 1.039 × -------------------------- 422.873 = 0.961 × -------------------------- 406.380953 = This is the proper way for calculation if we do not make any loss. This post has been edited by DAViS: Nov 2 2009, 12:52 AM |
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Nov 2 2009, 10:52 AM
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Junior Member
158 posts Joined: Aug 2005
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My paypal account is already linked with my Public Bank Debit Card. I remember previously that there was a limit (5 I think) on how many times we can reload using our debit cards. Does this limit still apply?
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Nov 2 2009, 03:56 PM
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Junior Member
148 posts Joined: Mar 2009 From: KL
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I have link my bank account to my paypal.
Withdrawing through my EON bank account cheaper or my EON bank debit card? Anyone? |
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Nov 2 2009, 06:18 PM
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Junior Member
65 posts Joined: Jul 2009
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QUOTE Let's going in math way. Thanks Davis! 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*  |
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Nov 2 2009, 07:35 PM
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Junior Member
63 posts Joined: Aug 2008
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I think this ban on PayPal selling here is not the wise choice. Although we can withdraw, we can buy funds here cheaper than using credit card. Not all people can get the debit card anyway. There's always risk for online business and it's a major blow to hardcore sellers here. Now their business is cut off significantly.
This post has been edited by Flicx: Nov 2 2009, 07:36 PM |
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Nov 2 2009, 09:19 PM
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Senior Member
2,503 posts Joined: Jan 2003 From: http://davis-online-store.com
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Debit card is too easy to apply as long as you have a bank account. PayPal fund trading is already illegal at the first place.
Serious seller will have seriousness in business, this tiny issue can solve it easily. |
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Nov 2 2009, 09:46 PM
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Junior Member
51 posts Joined: Dec 2008 From: Earth
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QUOTE(Flicx @ Nov 2 2009, 07:35 PM) I think this ban on PayPal selling here is not the wise choice. Although we can withdraw, we can buy funds here cheaper than using credit card. Not all people can get the debit card anyway. There's always risk for online business and it's a major blow to hardcore sellers here. Now their business is cut off significantly. should we create a free forum for that ? xD |
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Nov 3 2009, 01:21 AM
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Senior Member
4,599 posts Joined: Jan 2003
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hi guys, is there a new term for malaysian to compulsorily have their paypal account verified with debit/credit card now? I couldn't skip that procedure while paying
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Nov 3 2009, 11:54 AM
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Junior Member
139 posts Joined: Jun 2009
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Too many fraud cases for paypal fund transfer~ tats y low yat is closing WTS paypal~
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Nov 3 2009, 12:27 PM
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Junior Member
17 posts Joined: Jun 2009
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so it only close for the WTS paypal la..?
the rest like selling normal within Local shud be fine right? jus curious --------------------------------------- BagzManiac in Blog BagzManiac in Facebook |
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Nov 3 2009, 04:02 PM
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VIP
12,925 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(sarahthiang @ Nov 3 2009, 12:27 PM) so it only close for the WTS paypal la..? Yesthe rest like selling normal within Local shud be fine right? jus curious --------------------------------------- BagzManiac in Blog BagzManiac in Facebook Its only for those who are selling PayPal funds i.e PayPal funds <-------> malaysian ringgit If you're using paypal as a method of payment instead of maybank2u and such , then you shouldn't be worrying about it. As we are not going to ban the usage of paypal for sales (as a medium) |
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