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By N2H

How Paypal Calculate Exchange Rate?

As you known, Paypal is worldwide acceptable Internet Payment Gateway. And it provides us more comfortable and trustable way to do online transaction.

Paypal

Back to 3 months ago, I made a $500 withdrawals direct to my Public Bank debit card. And I checked the bank exchange rates (USD->MYR) for that day was 3.18. The exchange rate that appeared on my credit card bill was 3.15 only. That’s an average of 0.03 differences for that transaction. This means that PayPal will straight away convert our withdrawal amount (maximum withdrawal of US$500 per day) to Ringgit at their own lower USD/MYR currency exchange rate. Besides, Paypal also charges $5 withdrawal fee.

Read More …

October 19th, 2008 | 5 Comments

How to Withdraw Paypal Fund?

Paypal

As everybody known, you can easy withdraw your Paypal fund to debit card, or prepaid cards. The process only involves 3 steps.
i. Log into paypal
ii. Specify the amount to withdraw and the card to credit.
iii. Receive funds on your card

It’s good news especially for Malaysian PayPal members who can only send or receive PayPal funds previously but not have an idea on how to withdraw funds.

Besides Malaysia country, it’s also available now in some other countries like Argentina, Brazil, Bulgaria, Chile, Iceland, Indonesia, India, Israel, Italy, Philippines, Romania, Turkey, Uruguay and so on. Read More …

January 20th, 2008 | 12 Comments

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