PayPal mentioned in its policy update recently that with effect from 14th October, 2009, Malaysians will be able to withdraw our PayPal funds directly into our local bank accounts. I waited patiently for this day to come and was pretty excited about the many Malaysians who would now be able to access their PayPal funds if they do not own a Visa debit or credit card.
Even though I have so far been withdrawing my PayPal funds without serious problems, I was still looking forward to today and logged into my PayPal account to look for the new, positive changes to the website.
Unfortunately, until now, I have yet to spot anything different except that instead of being charged US$5 per withdrawal to our Visa debit or credit card, we are now charged MYR20 per transaction instead. This certainly isn’t what I expected, or were informed about in PayPal’s policy update. This is still just a withdrawal to our Visa debit or credit card; NOT into our local Malaysian bank account.
Also, being charged MYR20 now instead of USD5 per transaction means that we are being charged MORE even though at this rate that the American dollar is sliding. And I find it rather ridiculous that the minimum withdrawal amount for Malaysians in Ringgit is MYR40. Who would want to withdraw MYR40 and paying MYR20 for it, and in the process only getting MYR20 in the end? cialis generico sublingual