Withdrawing PayPal Funds To Malaysian Banks | Ramblings of an e-trader

Sunday 11 October 2009

Withdrawing PayPal Funds To Malaysian Banks

A week ago, I sent a text message to a friend, to let him know that PayPal will start allowing Malaysian PayPal users to withdraw PayPal funds into their Malaysian bank accounts on 14th October, 2009. Although both of us PayPal users are withdrawing to our Public Bank Visa Debit Card without problems so far, I felt that it is useful to have an alternative withdrawal method.

This is supposed to come into effect on 14th October, 2009, but I just checked and until now, there is no option for us to link our Malaysian bank account to PayPal. I have thought that since we will be allowed to withdraw our PayPal funds from 14th October, 2009 onwards, we would have a little time before the date to link our local bank account to PayPal what with having to undergo steps to verify the account and such.

This means that although the date stated is 14th October, 2009, no Malaysian will be able to withdraw on this date. We probably CAN link our local bank account to PayPal on 14th Oct, 2009 but we will not be able to withdraw. That will have to wait until our local bank account has been verified by PayPal.

Well, 14th October is just three days away. We shall wait for developments on PayPal's side.

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