Malaysia Paypal Goooodnews!!!

NOW we(Malaysian) can withdraw money direct to our Malaysia Bank account!

Just log-in to Paypal this morning and notice this latest good news.

After log-in, the first thing they(Paypal) ask you to renew your new password(must NEW one), set 2 security questions and conform your email.

After that, when i click on the withdraw link, the new page come out and there's a new button(link) with the words "Withdraw to your Bank in Malaysia".

Then i go back to my profile and add the Bank Account info. Just key in your account number and the MEPS number(you can find out your bank's MEPS number by click on the details link).

That's all.

It only take 2~3 working days to transfer your money from Paypal to your bank account, and its FOC(free on charge) if your withdraw is more than RM400(minimum withdraw). Less than RM400 will be charge RM3 per-withdraw. And it seems like NO withdraw limit.

update 11 Nov 2009

After i transfer money to my Malaysia Bank account, i received email from Paypal:-

You asked us on Nov 9, 2009 to transfer $$$ MYR from your PayPal account to your bank account. We are processing your request.
The transfer takes up to 2-3 business days.
The money should be in your bank account by Nov 16, 2009

Nov 16? its like 1 week time(7 days), not 2-3 business days?

update 13 Nov 2009

Hahahaha! i check my bank account this morning, the money i transfer from Paypal to my Malaysia bank saving account last Monday is already there. They REALLY only took 2~3 business days to process.

Withdraw from PayPal

My friend just can't wait to get their money after received all the payment from the RF stock site and keep asking me how to withdraw money from PayPal....

1) Go to paypal.com, log-in as usual and click on "withdraw" link on the top of the page.

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2) On the Withdraw Funds page, click on "Withdraw funds to your card". Remember there's a USD$5 withdraw fee (per-withdraw).

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3) Next page, type in the amount you wish to withdraw. example:- USD$185. Make sure the card number is correct and click on "continue" button.

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4) Review your withdraw details and click on "Conform" button.

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5) Done. You can click and go back to your account or log out.

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6) If you click on "Go to My Account" just now, you will see USD$185 have been deduct from your balance and see your withdraw in pending state. Now you can log out and wait for 5 to 7 day for the money to be bank-in to your credit card account.(snap shot was taken from PayPal.com)

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Related post:
Register PayPal

Register Paypal

A referral artist of my is ready to request money (congratulations!), and is time to register Paypal.....

1. Go to www.paypal.com (off course).

2. Click on "Sign up" link at the bottom of the page. pic01

pic01. click on picture for larger preview

3. Choose your country or region. Choose your language. Choose what type of account you wish to register. For us (Royalty Free Stock Artist), i recommend to choose "Personal". Click on "Get Started" button. pic02

pic02. click on picture for larger preview

4.Fill in the necessary info. REMEMBER for asian, first name is our surname. ex. for "Chin King Kong", the first name is "Chin" and the second name/last name is "King Kong". pic03

pic03. click on picture for larger preview

4. What is CSC? pic04

pic04. click on picture for larger preview

5. Click on the "I agree, create my account" button. If you're free, you can click on the "User Agreement" and read :P

That's it. You can start to transfer you money from Paypal to your debit card or start to shopping online now. (snapshot taken from Paypal)

Please click on link to visit www.paypal.com

My first USD $500 Wthdraw from Paypal

Last month, i decided to withdraw my first USD $500 from my Paypal. Those are the Royalty Free Stock commissions i have make from Shutterstock, dreamstime and fotolia.

Monday 10th April, i log-on to Paylpal, click on "withdraw", key in $500 (Paypal withdraw limit for Malaysia is $500) minus $5 processing fees, i get USD $495. It say they will take 5~7 days to process.

After 1 weeks, Monday 17th April, i go to Public Bank ATM machine to check my account balance, WOW! Malaysia Ringgit RM1500++ is there! (USD $495 x 3.1)

In this procedure, i manage to proof 4 things:
1. Shutterstock really pay.
2. Dreamstime really pay.
3. Fotolia really pay.
4. Malaysian can withdraw money from Paypal to Public Bank Debit Card.

Use Paypal

If you want to get your money faster, register a paypal account and change your payment method to paypal. Some of the RF site they take to 2 weeks to process your cheque. After that it take 2 weeks for the cheque to reach your door step (depending on your location). Finally you get the cheque & bank-in to your local bank. Your bank then will take 4 weeks (1 month) to process a foreign cheque (also depending on your bank).