In October 2009, the wait is finally over for PayPal account holders in Malaysia. PayPal has expanded its services in Malaysia with the introduction of support for payments in Malaysian Ringgit (MYR) thus allowing members to withdraw their PayPal fund directly to their Malaysia bank account. Those days of withdrawing the fund to debit/credit card and trading the fund at lower exchange rate in local forums are behind us.

How to withdraw?

Step 1 : Log into your Paypal account.

Step 2 : Under My Account, rollover “Profile” and click “Add/Edit Bank Account“. Click the “Add” button on the next page.

Step 3 : Fill in your bank account details and click “Continue“. Review the details of your bank account and make sure that the information is accurate. A return fee of MYR 15 will be deducted from your Paypal fund if your withdrawal request is incomplete or incorrect. Click “Add Bank Account” to register the bank account to your PayPal. A confirmation message will be shown.

Step 4 : To issue a withdrawal request, under My Account, click Withdraw. Fill up the amount you want to withdraw and click “Continue“. Review the details carefully then click on the “Submit” button. Done!

The fund will be in your bank account in 2 – 3 business days. Cool!

Do not have a PayPal account? Sign up now!

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