Will Paypal ever collaborate with a local Malaysian bank to facilitate withdrawal of funds into local bank accounts?
For now, many local sellers are facing the problem of receiving payment from buyers outside of Malaysia and even if they are able to accept payment via Paypal, they have no avenue to withdraw it, unless they have a foreign bank account, or sell it off at a lower-than-market currency exchange rate.
Of couse, there are other payment platforms similar to Paypal, where only an e-mail address is needed to transfer funds, but their service charge and other fees are so much higher that it's not feasible to use at all.
I guess there's nothing much we can do about it but find the best individual solution in our quest to embark on international selling.
Saturday, 10 December 2005
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