Funding PayPal | Ramblings of an e-trader

Wednesday, 1 April 2009

Funding PayPal

Someone wrote in to me through my blog asking if it is possible to fund our PayPal account. As far as I know, it is only possible if we have a bank account linked to our PayPal. For most of us here in Malaysia, that is not possible then, unless we have a US bank account.

What my friends do is to buy PayPal funds from those who have funds in PayPal and transfer the same amount into the local bank account in local currency to the "seller".

Of course, one is not supposed to SELL PayPal funds and for private transactions, one should only do it with trusted friends because there is absolutely no recourse.

As for me, whenever I plan to make a purchase online, I try to keep some funds in my PayPal account in case the seller or merchant do not accept payment by credit card via PayPal. This is one way to avoid paying the hefty service charge imposed by PayPal.

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