Paypal for Malaysian

What is PayPal

PayPal is the world's most popular "middleman service" for online purchasing. Where moneygrams and wire transfers were the standard in the 20th century, today over 96 million Internet users prefer to use PayPal to send money to each other via email. PayPal has become such a convenient and trusted way to transfer money online, 95% of eBay's purchases go through PayPal.

How PayPal Works.

As an online financial transaction broker, PayPal lets people send money to each other's email addresses. At no time will either party see the other's credit card or bank information. Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties.

With multiple guarantees in place, buyers and sellers entrust PayPal with their credit card and bank information. PayPal keeps that private customer information secret. Then, while "blinded" from the other party's confidential information, strangers safely send money to each other through PayPal and email.PayPal Requirements You need no special technology nor a business license to send/receive money through Paypal. The only requirements are:

a. a valid email address.
b. a valid credit card or bank account.

Paypal For Malaysian

To set up for Paypal account for Malaysian citizen, one must have credit or debit card. To withdraw, Paypal only allows withdrawing to US Bank Account. This means that it is quite difficult. But that doesn’t mean a problem, because nowadays, there are easy and cheap way to Malaysian to withdraw their Paypal fund.

You can choose to use Accent Card which incurs monthly fees, or once having E-Trade check, just write yourself a check, and make deposit to Maybank or CIMB Bank easily. In a month time, you will have the money in your account.


I will be discussing the purpose and usability of Paypal or Malaysian entrepreneur soon. Until we meet again.