How to Withdraw PayPal Money to Any Malaysia Bank Accounts?

PayPalFor Malaysians. Thanks to PayPal support for Malaysian Ringgit (MYR). Now you can withdraw PayPal money directly to any Malaysia local bank accounts!

Read on to find out how to do that.

A bit background…

In 2004, PayPal starts to accept Malaysian registrations. No withdrawal options for Malaysians that time.

3 years later, 2007, PayPal allows Malaysians to withdraw PayPal money to their credit card, debit card, or prepaid cards.

2 years later, in the middle of October 2009, PayPal started to support Malaysia Ringgit currency and updated the user policy (paypal login required).

Shortly after, the end of October 2009, PayPal officially allows PayPal money withdrawal to Malaysia bank accounts! A feature that we have waited for 6 years!

What’s the big deal?

Now, Malaysians can send & receive PayPal money in Malaysia Ringgit (MYR) currency, and withdraw PayPal money to local bank accounts!

Meaning, you can sell your stuff online and let PayPal handle the payment transactions, local or International! It truly opens a new door to Malaysia e-commerce business!

Note: Malaysians still cannot top-up their PayPal accounts from their bank accounts.

How to add Malaysia bank account to PayPal?

  1. Login your PayPal account. Under “My Account” tab, click “Profile” then click “Add/Edit Bank Account“.
  2. At the new page “Add a bank account in Malaysia“. You need to fill in your name, bank name, bank routing code, and your bank account number.

    add malaysia bank account to PayPal

    Updated: Don’t need to worry about the fixed “Surname” in the form. Just make sure your full name is included. The name’s arrangement (Surname Name or Name Surname) doesn’t matter. Click here for more information.

    Tip: click on the “Details” link to find out your bank’s routing code

  3. After you are done, you will be asked to review the details. Click “Add Bank Account” button if everything is correct.
  4. You are done!

Read moreHow to Withdraw PayPal Money to Any Malaysia Bank Accounts?

Tune Money’s Tune Card is Lousy!

200802290136.jpgTune Money’s Tune Card is a relatively new prepaid card in the market, and I have applied one for myself to withdraw from Paypal, and so that I can withdraw my cash from the Tune Card.

As the first step, you need to log in to Tune Money website and register yourself for the card. However, the process of application was quite tedious. I had 3 times time-out during the payment process and finally got through again at the 4th attempt. Yes, it was very frustrating.

After registering myself, I waited religiously 7 working days for the collection of my card at the local post-office. Yes, it was exactly 7 working days, I was quite surprised at the efficiency. However, the disappointment with their service started not long after that.

Locked account

After activating my card, I somehow got my account locked, and had to wait for new password from them before I could log in again. Unfortunately, it took quite some days to solve my tiny problem. And waiting their customer support reply is the most frustrating thing in the world. They claim to reply you within 2 working days. Sadly, it always takes more than 2 days to reply my mail.

Are they really that busy?

Read moreTune Money’s Tune Card is Lousy!

Now You Can Withdraw PayPal Money to Debit, Credit Cards

PayPalPayPal announced new funds withdrawal functionality to withdraw PayPal money to credit card, debit card, or prepaid cards in 26 countries. The process only takes 3 easy steps.

withdraw paypal funds to credit card
Image: withdraw paypal funds to credit card

The new feature is great for PayPal members in the countries where previously can send money but had limited ways to receive or withdraw money. Example: Previously, Malaysian PayPal members can only send or receive PayPal funds but no official way to withdraw the funds. Now, they can withdraw their funds to their card.

The new functionality is available in: Argentina, Brazil, Bulgaria, Chile, Cyprus, Estonia, Gibraltar, Iceland, Indonesia, India, Israel, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malaysia, Malta, Philippines, Romania, San Marino, Slovakia, Slovenia, Turkey, UAE, and Uruguay.

Check PayPal Offerings Worldwide for updates.

Read moreNow You Can Withdraw PayPal Money to Debit, Credit Cards

5 Alternative Usage Of Your Dormant PayPal Fund

PayPalPayPal is the biggest e-currency on the internet. But the problem for Malaysians is, we can’t directly withdraw the money to our bank. Though there are solutions, but not everyone of us would want to withdraw the money, especially those with lesser than 100 bucks sitting on their account.

Tip: Learn how to withdraw PayPal money in Malaysia.

So, I would like to make a post specially dedicated to the readers of LiewCF Tech Blog (not that it has any room to fit in my blog) about how you really don’t need to withdraw your money out.

1. Online Shopping

Yeah. Your spouse might limits your shopping budget. You can always say: “Well, we can’t withdraw these fund, so we might as well spend it”. Go on a shopping spree. My personal favourite is YesAsia and YesStyle (credit card only). And yes, they do ship to Malaysia.

2. Investment

In real life, you buy real estate like land and houses. On the internet, you buy websites and domain names or what we called Internet Real Estate. Domaining is the hottest, booming industry this year. It is the business of buying a domain name and speculating to sell it higher to someone else in future. Almost every domain name registrar accept PayPal. Several better registrars I recommend are: DomainSite, NameCheap and GoDaddy.

Read more5 Alternative Usage Of Your Dormant PayPal Fund

US Bank Account is Required to Receive PayPal Money?

Recently, it has come to Malaysians’ attention that PayPal required US Bank Account before we can accept PayPal money. According to official PayPal reply, the error maybe caused by system maintenance.

Yesterday, I sent some PayPal money to my friend with a verified non-US PayPal account but he cannot accept the money. PayPal required him to “add a bank account”.

Previously, he could accept PayPal money without adding a bank account by choosing the “Accept but don’t add bank account” option. From the screenshot of his PayPal account, it looks like PayPal had removed the option:

PayPal requires US Bank Account
Image: Cannot accept PayPal money without adding a US Bank account

I wrote to PayPal regarding the issue but did not get a useful reply. In order to dig the information for my readers ;) , I wrote another email to PayPal and got another reply shortly after.

Read moreUS Bank Account is Required to Receive PayPal Money?