[TUTORIAL] How to use Paypal for Malaysian Users

Recently, I bought something online and I was required to pay in another currency and the seller only accept payment via Paypal. With this, I have to get a Paypal account to make my payment. I was rather new and had some bad experience so I hope the future new users will not face any issue I faced.

It is not really that hard if you get it throroughly. :))

Firstly. you'll be led to this page once you sign up/sign in to your Paypal account. It will show you a overview of your account balance, previous transactions and all. 

You'll be required to sync one of your bank account/credit card to be the money source. To add your money source, click on Profile and choose your options.

I chose to ADD credit card.

There will be a limit for sending/withdrawal to your Paypal account until you confirmed your card.

Note : an amount of MYR10 will be deducted from your bank account/credit card for verification, but it will be refunded to your Paypal account instead of bank account once your account is verified.

Or you can choose to top up your Paypal account and send money with the credits in your Paypal account. Currently in Malaysia, only RHB has the option of topping up your Paypal account.

If you have a RHB bank account, you can consider this option. (provided you have internet banking)

in RHB, you can choose to send the money to your Paypal account in MYR or USD.

For every top-up in MYR, you'll be charged MYR1.

For every top-up in USD, you'll be charged MYR8.

Note : if you're sending money to a foreign account (non-Malaysian), you'll have to make sure your Paypal account's credit is in USD because MYR is a restricted currency in Paypal and its only available for transaction with Malaysian Paypal accounts.

If you decided that the balance in your Paypal account is too much, you can choose to withdraw it to your bank account too with certain charges with certain amounts.

(refer the table)

For payment, make sure the email address you put is the correct email as Paypal is not in the shoe to refund you your money if you send it to the wrong account.

Note that if you're sending money in foreign currency, they'll update you the exchange rate in your own currency to let you know how much you're actually paying.

Lastly, they'll confirm with you your payment method before sending your payment. 

Once your payment is sent, it cannot be undone! So make sure you check you details properly. Paypal has a fee charged when you use your credit card to make payment and the amount varies with the amount of money you send.

But its free is you pay with your Paypal account's balance. But make sure the credit in your Paypal is in USD if you're sending the money to a foreign account.

Hope this helps. :)) 

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