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Finally Paypal support money withdrawal to Malaysia local banks in Malaysian Ringgit (MYR)! Further, the process fee is FREE if you withdraw more than RM400.

Before it support local bank, I used to transfer Paypal money to VISA credit card. It charged $5 (USD) per transaction that enough me go for a comfort dinner.

Add Malaysia Local Bank and Withdraw Fund

1. First you need local bank account information. Then login Paypal > “My Account” > “Profile” > “Add/Edit bank Account“.
2. Key in your bank account info accordingly. Make sure the MEPS bank routing code is correct (click “Details” to check). Finally, click “Add Bank Account” and you are done!
3. The withdrawal process is straight forward too. Select “Withdraw to Bank Account“, key in amount and withdraw. Noticed that the currency is slightly lower than market price.

Wait 2-3 business days for process and check your bank account. Paypal will charge RM3.00 for transaction less than RM400, which is also quite cheap. (more…)

It has been a year since Paypal withdrawal available for Malaysian user. I never withdraw my Paypal money before this. All the while I’m using Paypal money (earn Online) to pay for web hosting, domain name, etc. Not worthy to transfer money IN and OUT from Paypal as it charge for service per transaction.

After a year of blogging, I have make some online money from text link ads too. The money payment via Paypal is so common. It has reach certain amount. I decided to transfer my Paypal money to VISA credit card to pay off the balance.

How to Transfer Paypal Money ?

It is quite straight forward. Login to Paypal account, click “Withdraw” tab and “Transfer fund to your card“. Add in your credit or debit card with VISA logo. (Paypal accept ATM card too, but can’t accept my BSN ATM card)

Last year, Paypal accept Master card but now only accept VISA. I didn’t notice that until today. Do you know why? Fortunately, I have a VISA credit card too.

Put in required credit card or debit card information. Add it in and continue to transfer fund page. You may check the amount in your local currency using the currency converter. Don’t forget it charge $5 USD for each transaction. It also limit to $500 USD transfer daily.

So, if you need to use $100 then you need to transfer out $105. Only then you will receive total of exact amount of $100 after $5 service charge deduction.

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