paypal in malaysia is useless ...

local account - can use MYR only ... and when pay, can pay merchants in MYR (local merchants only lar) ... vice versa (if you seller registered in malaysia, can only receive MYR)

if want to transact with foreign currency with receiver having paypal account - can just use your cc (or debit card now) without registering for an account

pretty much useless lar that account ...

paypal for safety only ... in case any shit happens, then can ask paypal to reverse transaction

but then, for you to pay in paypal, the seller must have paypal account ... and seller paypal account fee is abit high, charge % commission for every sale ... (most small time sellers rather not have this and stick to normal IBG)

last time, before BNM come kacau, i can use my paypal account like a USD holding bank account (withdraw when rates are nice) and trade with other countries ... now cannot d ... malaysian account can only hold MYR

This post has been edited by GrowTentProject: Jan 23 2017, 07:38 PM

because the money is still with paypal, if that fella (scammer wants to withdraw) he got to instruct paypal to deposit to his registered bank acc only he can withdraw

for banks, if you deposit cash, that fella can immediately withdraw d ...

IBG ... interbank GIRO / IBFT ... 0.11 sens (PBB currently free )
instant RENTAS - 0.53 (PBB currently free )

.11 sens one, cheap one have to wait at least 1 working day
.53 rentas - immediate

last time i use paypal withdraw waited around 2 working days