Paypal | Malaysia's Financial Blogger | Financial Freedom Ideas

Paypal vs Google Checkout: Which is better?

The Internet gives us so many windows of opportunities to make our life much easier. Nowadays, all kind of Internet business transactions and shopping have been revolutionized by the Internet through online payment services such as Paypal and Google Checkout.

Similarities Between Paypal and Google Checkout

Both are free and easy to set up. Both also require credit card verification in order to get your account working.

Both Paypal and Google Checkout quite similar in the sense that they can be used by sellers, merchants and buyers to sell, trade, or pay for certain items or services.

Paypal vs Google Checkout

Paypal vs Google Checkout

Paypal is now owned by Ebay. Google Checkout is an online service provided by Google Inc. It was opened to the public since June of 2006, and was a free service.

July 10th, 2010 | Leave a Comment

Withdraw PayPal Funds To Malaysia Bank Account

I usually leave my PayPal funds until I need a little bit of extra cash then only cash out, it is not good to practice like that. Now, as a Malaysian, we are not just only can withdraw the Paypal fund into credit card/debit card but also can withdraw into local bank account directly.

Those Internet savvy now can withdraw their PayPal fund to Malaysia Bank Accounts through bank swift code. Based on the information that I’ve obtained from Paypal official site, I only know that the transaction will take up to 2-3 days, and a fee of RM3 will be charged if your withdrawal is below RM400. If your withdrawal is above RM 400, you will be waived from the fees.

Below is a step-by-step guide on how to withdraw funds to your Malaysia bank account:

Step 1: Login your PayPal account.
Step 2: Click “My Account” then “Withdraw”.
Step 3: Then, click “Withdraw to your bank account” link under the options.
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Step 4: Next, enter the amount in USD you want to withdraw and select your bank account. If you still not yet add the bank account, then proceed to step 5 else go to step 7.
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February 28th, 2010 | 4 Comments

Malaysia Cigarette Prices Hike On 1st Jan 2010

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Today is 1st Jan 2010, which is my Birthday as well. I feel very excited and happy to have this great start of a new year. I would like to thank our government for taking serious about citizen healthy by implementing the new regulation, which increase price for all low quality and cheap cigarette.

If you are a smoker, then you should get ready to pay more for low quality cigarette price starting by today 1st January 2010. Now, the cheapest pack of 20’s would cost RM6.40. So, the minimum retail price for a stick of cigarette is RM0.32. Previously, you can find it below that price. For those branded cigarette like Dunhill, Malboro, Winston, Mild Seven, Salem would cost RM9.xx per pack.

January 1st, 2010 | 1 Comment

Paypal Withdrawal Limit Increase For Malaysian

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Do you know why I like Paypal? The reason why I choose it for my main Internet payment gateway is because it’s convenient to sending and receiving money. Besides, I always use it to purchase some items online and receive payment.

It’s good news for Malaysian since the Paypal withdrawal limit is increased from previous US$500 to US$2500. Previously, the withdrawal limit was only US$500 with a service charge of US$5 per transaction. So, if you calculate precisely, the service charge will be 1%.

Paypal Lift The Withdrawal Limit From US$500 to US$2500?

November 25th, 2009 | 6 Comments

Step By Step Process To Create Paypal Account

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As everybody known, Paypal is the most safest online payment method since it will not expose your credit card numbers and you just need to provide online merchant with your email address that you created to pay for your transaction or transfer your Paypal fund. There is no fee to join or open a Paypal account.

If you make money online, then you must have a PayPal account. Many corporate make use of its as it is a quick way to send and receive payments online. And, Paypal customers may transfer money to their regular bank account without any Paypal fees.

For your additional information, Paypal is a subsidiary of eBay, which is the one of largest companies on the Internet.

Types of Paypal Account

Basically, there are 3 types of different accounts you can sign up with Paypal:

Personal Paypal Account - this is for individual who use the Paypal account to purchase things online. You can receive money from Paypal instant transfer. There are no fees to receive money, and you will be charged only US$ 5 per withdrawal.

Premier/Business Paypal Account - If you are doing bigger transaction like selling goods online daily. Then it is advisable to create premier/ business account to lift up your monthly receiving limit. However, you need to pay some fees for receiving Paypal fund.

Easy Steps To Create Paypal Account

To create your Paypal account:

i) Sign up for an account by visiting the PayPal website and clicking the “Sign Up” link located at the left side of the page.
ii) Choose your country or region
iii) Choose your language
iv) Pick the Paypal Account type of your choice

September 16th, 2009 | 9 Comments

Know The Basic Rules of Paypal Before Making Online Purchase

I have received an email from my reader who asked me about online buying stuff. He asked me whether still could contact Paypal or Western Union get back the money if the item was not received or shipped by seller.

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Based on my understanding, i think the person need to lodge a complaint to PayPal within 30 days. If they investigate and find it is true, then you should get back your money. BUT with the condition ONLY IF the seller has not withdraw money out of his account! So, PayPal is NOT 100% safe for buyers.

How Does Paypal Works?

May 27th, 2009 | 5 Comments

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.

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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.

October 19th, 2008 | 6 Comments