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Friday, October 30, 2009

How To Link PayPal to Malaysia Bank Account?

From USD to RM

I've got a good news for Malaysia's Internet Marketer. Now we are able to transfer our hard earned money straight to our local bank in Malaysia.

Before I proceed any further, someone might asked, "what's the heck is PayPal?"

In short, PayPal is an online secure payment center, the world's most popular 'middleman' for online purchasing. Let say you purchase a product from a certain website whereby you may be given an option to pay either using their so-called secure web page or you can use Paypal (if you have an account there). Once there, Paypal will only give the merchant your name, address, and the amount of payment without releasing other information.

Today over 99 million Internet users prefer using PayPal to send money to each other via email. It has become such a convenient and trusted way to transfer money online. In fact, 95% of eBay's purchases goes through PayPal.

Okay, back to the good news. But then, many others did not find it convenient especially for those who have multiple PayPal's account! They are still not sure how much the local banks gonna charge them for this service? I'm still not sure whether PayPal gonna charge for using this service? It's unfortunate if we have to pay twice - once in US and the other one here in our local bank!

Anyway, here's how to link PayPal to Malaysia Bank's account (complete with graphics)?

1. Login to your PayPal's account and click on your Profile tab. From the drop down menu, click Add/Edit Bank Account

Click image to enlarge

2. Type in your bank's information correctly. Click 'Details' to get the name of your bank and MEPS bank rounting code

Click image to enlarge

2.1 Below is the bank numbers for some of the major banks in Malaysia

Click image to enlarge

3. Review to make sure all details are correct before you click the button, 'Add Bank Account'

Click image to enlarge

4. Voila! You have successfully added a bank account in Malaysia

Click image to enlarge

5. Last but not least, PayPal will also sent you an email as a confirmation that you've successfully added a bank account in Malaysia

Click image to enlarge

Updates: Withdraw Funds - PayPal offers the following options for withdrawing funds from your PayPal account

Click image to enlarge

Well, that's it for now. See ya' when I see ya'. Take care.

p/s Join Malaysia's new advertising company. Head over to CatchEye now to know more. See you on the other side.

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