ok basically this is what u need if u want 2 use paypal ok.
1. credit card / debit ( easy to make no hassle , AL-Rajhi is free / PB is excellent or go get Ammbank Can be done within 1-2 weeks.) / virtual credit card ( i wont advice the vcc coz if u become a major paypal user. they will ask for ur proof of bill and address from time to time. when they do that . they normally limit ur account. )
2. Register your account with your real information. Take extra care , get your name the same as your credit card. if it isnt ur screwed. Then also make sure same address as your CC billing address or debit card billing address.
3. Once registered add your debit/credit/vcc and paypal will charge u 1.95 usd which they will refund by giving u as paypal credit. Once charged , wait a few days check online your debit/credit/vcc & it will show the transaction record with a special 4 digit number. Input the 4 digit number and you are confirmed as a verified member.
4. Malaysian Banking system does not recognise paypal. So no banks support paypal .
5. To withdraw money in malaysia. You can only withdraw to your debit/credit Visa card. VCC card cannot coz it expires after some time of use lar... The limit is 500usd a day. To withdraw click on withdraw and you will get an option to withdraw to your debit/credit.
6. Becareful about getting Premium or Personal account. If you are doing a high volume trade / business so u receive a lot of payment from ppl especially with credit card. Get it. If not just stick to Personal account. The reason is very simple. With a premium account.You get charged a certain sum for any payment you receive to you paypal account. Whether is it Paypal Funds or CC. But with a personal account , you only get charged for CC payments and you can only receive it 5 times. Also if i am not mistaken CC payments they charge a high 5% interest rate.
Alternatively if you are damn free.... Go to Singapore open a bank account. Make a debit card for it. Its around 1000sgd to open an account. Then Make a Singapore Paypal address. You need a Singapore address. Go rent a Mail box. SIngapore post office has the service & you can withdraw direct to your bank account . No withdrawal limitation. Anything above 199sgd you wont get any charged. But you can only withdraw in SGD and Paypal gives you a crap exchange rate. The exchange rate for the week is 1 usd = 1.40sgd
Hope this helps
Paypal to Malaysia account, how to transfer funds?? To maybank..
Jan 23 2008, 03:03 AM
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