Paypal Malaysia
PayPal has extended their services to Malaysia which saw the introduction of 2 new features that allows transaction to be done in local currency & direct Paypal balance withdrawal into local bank account.
This is definitely a good news for every Paypal users in Malaysia as they can save up a significant amount of money if they choose to withdraw money directly to Malaysia bank account. Unlike credit cards, there’s no additional charges to withdraw Paypal balance into bank account if the withdrawal amount is more than RM400.
If you are thinking of opening a Paypal account but have no idea on how to apply, here’s an easy guide on how to get started.
Open a new Paypal account
1. Type in Paypal.com in your browser’s address bar.
2. Once you reach there, click on the sign up link right at the bottom of the sign in form on the top left corner.
3. Choose from either one of the 3 options available:
Personal, Premium & Business.
**Personal account is for individuals who shop online, premier account is for individuals who buy and sell online, while business is for merchants who use a company or group name.**
4. Type in your personal information & choose to link your credit card (If you have one) with your Paypal account.
5. Done! You have just opened your Paypal account.
** Once you have typed in your credit card number, you will be charged 1.95USD. In your credit card statement, there will be a verification code which you will need to key in to verify your credit card & the charges will be refund to you soon. **
What are the charges for online transaction?
| Online purchases | Personal payments | ||
| Pay | Get paid | Send money | Receive money |
| Free | 2.4% to 3.4% + RM2.00 MYR | Free when you use your PayPal balance
3.4% + RM2.00 MYR for credit card payments (either the sender or recipient can pay this fee). |
|
FAQ
What if I don’t have a credit card? Can I use debit card?
- Yes you can, as long as those cards have Visa or Mastercard logo on it
What is the minimum withdrawal amount?
- RM40.00
What is the bank withdrawal free?
- If RM400.00 MYR or more is withdrawn, you will NOT be charged.
- If less than RM400.00 MYR is withdrawn, you WILL be charged RM3.00
- Return Fee = RM15
What is the credit card withdrawal free?
Withdrawal Fee – 5.00 USD
Minimum Withdrawal Amount – 10.00 USD
Return Fee – 10.00 USD
** If the information in your withdrawal request is incomplete or incorrect, PayPal will return the withdrawal amount to your PayPal account and charge a return fee (RM15). Your card issuer might charge additional fees. **
What if I don’t have a credit card? Can I use debit card?
- Yes you can, as long as those cards have Visa or Mastercard logo on it
my Q is: can I use my MBB atm card which have VISA logo on it? new mbb atm card is also a debit card isn’t?
I dont think it’s a problem, you can give it a try
Hi May I know who I should call to understand more about paypal in Malaysia? I need to look for a person that really can guide me.
Edward : Try sending them an email from their official site
i had some problem
this guy from us of a sent me a 40 dollars
now, how can i withdraw the 40 dollars from my paypal acc?
how much do i must have in my paypal acc before i can withdraw the 40 dollars?
I’ve tried using my maybank debit card, but after a few trials and errors, they banned my debit card from their system and now I’m stuck with borrowing credit cards to make purchases.
thanks for sharing the info, now my shop products can sell to oversea customer…
what if i dont hv credit card or debit card??
Soon you will be able to add funds to your PayPal account directly from your bank account.
is paypal really that trustable in malaysia? theres so many fraud nowadays..
Dont worry, even Ebay is using Paypal as one of the payment method
hi edward..
i hv a ques..i wanted 2 send money via paypal. why does it says “This transaction exceeds your remaining sending limit. Please link and confirm a debit or credit card to lift this limit.”?? i noticed at the amount tab it states “Sending Limit: RM4,000.00 MYR”..i want 2 send only rm1k..i’m a bit confused here.
thanks..
You will have to activate your account by typing in the unique code that was given to you when you received your bank statement during the end of the month (Code can be found beside the Paypal transaction)
If I want to deposit money into my paypal(I have no bank acc), is it possible?
No, you are not allowed to do so, Paypal doesnt allow funding
Take note that the currency exchange rate may not be favorable for users. Don’t be surprised about this important point. Users may not be happy with the Ringgit Malaysia cash on hand after conversion from US Dollars during withdrawal to your local bank.
Regards,
Alexander
hye, i wud like to know more about paypal….im buying something using USD..how do i make my payment, will it convert automatically ? if yes, how is the exhange rate..thanxxxx
Yes, Paypal will notify you about the exchange rate before you pay the money
You firstly need to register with PayPal and follow the necessary steps to add funds to your PayPal account. Steps are self explanatory once you logged in.
Sincerely,
Dennis Joshua
Hi bro…
I want to ask something. I had selling a motobike and buy by someone from Malta. He sent the money to my PayPal account already and i had receive an email from PayPal about the transaction.but, i check from my paypal account, there is still no money inside my account (this is the 1st time i rgster n used paypal).
thnks..
Can malaysians pay credit card directly to paypal without to register? I have some issues on my shopping cart that malaysians cannot pay directly using their credit card and they need to register to paypal 1st but from others country like UK they can pay it directly using credit card. I’m using paypal website standard (Bussiness). Paypal optional settings is on by default. Are you agree with me if I say that paypal is blocking malaysian buyer to pay directly using credit card but only allowed seller to accept credit card?
Thanks.
You will have to open a Paypal account, that’s the only way you can use your credit card
There are some debit cards from our Malaysian local banks such as MBB that might be rejected from doing transaction with PayPal. This is due to the fact that there are certain terms and regulations applied to the use of the card just to a certain extent only. i’d tried mine with that VISA’s logo many times but it’s to no avail!!
I have sell car and i received email from PayPal saying they have placed a temporary hold on the funds of this transaction. In order to get funds, i have to remit the excess sum to the Transport Agent for delivery charges of the car which paid the buyer. My question, is it safe to remit payment first using your own funds when you are not sure whether you will get your payment after making the transaction required.
Hi Hamidah
I have the same question as yours. I was also asked to bank in the Transport charges to the Transporter via Western Union.
Have you transaction been done ?
Very informative site. The effort to bring in high speed broad band and paypal facilities would encourage more participation in e-commerce.
Regards,
Raymond
what if paypal account was created for the netjobsmalaysia purpose?
what if paypal account was created for the netjobsmalaysia purpose?
personal, premium or business?
I want to ans something there…
I sign up the paypal account but until the confirm credit card…my computer dc…
After that I log in again…I click the “confirm your credit or debit card”,
I click “continue”.”After you click Continue, we’ll charge this card $1.95 USD to make sure it’s yours. We’ll refund the money into your PayPal account within 24 hours after you confirm your card.”
Then I saw that “the credit card number is already registered with PayPalt”,
so isn’t my credit card up into the paypal account??…
I hope that you all help me solve my problem…
Hi, i want to ask whether paypal malaysia will hold back the payment from buyer to seller or not? Because i have recently encounter paypal malaysia holding back the payment from my buyer to me and keep insisting for the shipment of goods to be made before they release the money via paypal to me. Can u advise me whether there’s such thing as i use paypal singapore and make payment to other countries as a buyer, no such thing as hold back payment. Pls advise me via email as i urgently need an ans
wer. Thanks.
hi, my question is how long would it take for me to use the services once i sign up?
i hv opened my paypal account.but i hvnt confirm yet bcz i no yet receive any security code.when i tried so many times.they blocked my mbb account and need to call they service centre for me to confirm back everything.can anybody help me on this..
Hi Edward,
I have a potential buyer from overseas who insisted that I open an account with paypal. He wants to pay me only through paypal.
How do i open a Paypal account without using credit or debit card? I just want to receive the money direct into my local bank?
Is this possible?
i have a question, i ‘ve made a payment for online shopping thru pay pal. then how will they chrge me, do i need to my credit card later or i need to paypal?
thanks
I have a USD account with HSBC Malaysia. Is there anyway of linking that to Paypal so that I receive funds from Paypal in USD instead of converting the funds to RM and depositing into a RM account?
I have a question. Before paypal was available in Malaysia, I have created an account in US as I lived and studied there. Now I am back in Msia permanently, but I cant seem to withdraw my funds in Msia. It only gives me the option of withdrawing in US.
What can I do?
Hello . i wanna ask that the FORM that `add a bank account in malaysia` . The Bank name i have to put Malayan Banking Berhad? Because i put Maybank . And i have other question.. I had just registered my paypal and its verified and i had receive money from other people in my PAYPAL. Unfortunately, when i withdraw my money to my bank account, the status to transfer to bank account is PENDING because need 2-3 days. I did this when 16 august and yesterday the status is change to completed.. But after i checked my bank account, i found that the money is not in my account !. Does it matter on MALAYAN BANKING BERHAD or Maybank in the form ?? PLEASE help me =(
I have joint in the Mudah.com for selling my furniture. The client stay at UK and his name John James have sent email to me to purchase the furniture through PayPal.
After I have agreed to sell the furniture and a few email done between us and he conclude that made a payment of furniture and shipment charges transaction through PayPal to me.
My question, why he asked me to made an advance payment on shipment charges through Western Union and submit the slip to him and I checked my PayPal account there are no transaction of payment done.
Can you please check on this email address (jhnjms9999@sify.com) whether
true or not.
Reply.
bro…
u got cheated by tat guy
don make any advance payment to him
read the “Safe Trading” on mudah.com
ther are few ppl doing this kind of fraud business.
seen u alrdy gave him the money through western union
nothin can be done by now
be careful next time