Wah, as of today, paypal allow us to withdraw paypal fund to Malaysian bank. But the exchange rate is very bad.

I tot that was allowed long ago?

can withdraw to US bank account only long time ago (apart from the local credit/debit cards). Now only they let us withdraw to our local bank accounts here

I just check from paypal

PayPal exchange rate:
1 USD = 3.32952 MYR

From Yahoo Finance (rate for 27th Oct 2009)
1 USD = 3.4025

Difference is 0.07298 (2.145%) is this bad ?

On top of that, there is little statement that says, the local bank (bank in malaysia) might charge ?

Anyone with any idea on how much of the charges would be ?

how much will paypal charge if i pay through paypal to US seller if my account is linked with credit card?

thanks!

No charge on you, but the received have to pay some % fees.

Guys, I've read everything but still seem to be lost
So I'm posting it here or either I didn't search properly
Paypal works something like this right
Register credit card- verify- bid on item- win- transfer funds
We can use our malaysian CC and buy things off US ebay
Does this mean I just register my credit card and immediately verify on the spot
Once I purchase in Malaysia(living in malaysia), can I ask the seller to send to my friend in the US
How much can I purchase per time? or there is a certain limit for a couple of months
Another thing I don't understand is the 3% charge and gift. What is the difference?
What I know you can only collect 500 a day from paypal

Thanks

They will charge your CC for verification for few cents. Your bill will have the paypal code and you need to enter the code at paypal to confirm. Make sure you can check your cc bill online. Once confirm, paypal will credit back the CC charge to your paypal fund.

Seller do not enjoy protection if send to address other than the one in paypal. You have to check with seller if they willing to do it.

You can purchase as long you got fund in it and there is no charge to sending fund. Only receiving fund kena charge.

I tried withdrawing money from my paypal account to my bank account but couldn't. Which banks can you withdraw money to?

I have successfully withdrew to Maybank, takes about 7 ~ 8 days to see the funds in Maybank

I think withdrawing to debit card is faster & better exchange rate even its has USD5 per withdrawal.

i try to pay direct by credit card to the website but they cancelled my order due to "failed to verify" .. W T F...

now i re-order and choose to use paypal, will that be better?

do anyone try withdraw to CIMB before? Is the currency conversion rate for withdraw to credit /debit card higher than withdraw to bank account?

Paypal is so far the most secure payment method I have ever used, and seen. The verification process maybe a little bit troublesome, but then, it's great. I love paypal

However, the charges are killing me! =S

Paypal fees is one thing..the other is cross country fee 1% charged by CIMB credit card! Arrgh >.< I am always doing a lot of paying through paypal, this 1% is a lot to me!~

I didn't really follow the conversation, but I still think paypal is so far the safest method of payment.


If you withdraw a certain amount less than specified, you will be charged some fees.



As for conversion rate, I think it's the same. It's based on the rate at that moment.

Hmm, Ive made a paypal account a while back, and setup a PBE Visa Electron. However till today I havent verified my paypal account and linked it to my PBE Visa Electron Debit Card.

Until now, when I have the actual needs to receive funds in paypal, I was looking for methods to cash it out in MYR, seems like we can withdraw it to malaysian banks already by now. Sounds good.

However, my concern is, should I do a direct witdrawal into my CIMB account or should I go ahead and transfer it to my debit card (Visa Electron).

Which one is easier and how bout the charges that may apply in between these 2 methods? Insights from those who have experienced it is greatly appreciated.

Cheers

Yup i would also like to know withdraw to my debit card better or my bank account? Are the rates the same? Which is cheaper?
I used to sell paypal funds at LYN, but now have to withdraw the money myself because LYN ban selling already.

Its expensive to withdraw to debit card since they can offer to send the money directly to your bank account.

Withdraw to debit card is better because of the exchange rate.

Debit Card

Xchange rate = Interbank rate - USD5 per withdrawal so 1% charge for USD500 withdrawal

Bank Account

Xchange rate = Interbank rate - 2.5%

So debit card is better.

u sure they charge 2.5% of USD500 and in the end u only get back USD487.50 if withdraw through bank account?