PayPal has made several policy updates in September and one of the best news for Malaysians is that effective 14th October, 2009, Malaysian residents can begin to withdraw PayPal funds in Ringgit directly to their Malaysian banks.
In addition, Malaysian Ringgit joins the following currencies to be added to PayPal: Filipino Peso, Taiwanese Dollar, Thai Baht, Argentinean Peso, and Brazilian Reais. These are also the countries that allow for direct withdrawal from PayPal to a local bank effective 14th Oct.
At this point, I have no information yet the fees charged or how long it will take to receive our funds after initiation of withdrawal. Neither do I know if there is a withdrawal limit. But for people who have no access to a Visa credit or debit card, this is indeed long awaited!
In addition, Malaysian Ringgit joins the following currencies to be added to PayPal: Filipino Peso, Taiwanese Dollar, Thai Baht, Argentinean Peso, and Brazilian Reais. These are also the countries that allow for direct withdrawal from PayPal to a local bank effective 14th Oct.
At this point, I have no information yet the fees charged or how long it will take to receive our funds after initiation of withdrawal. Neither do I know if there is a withdrawal limit. But for people who have no access to a Visa credit or debit card, this is indeed long awaited!
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