Do you know that Maybank Visa Debit Card is now supporting PayPal Fund Withdrawal?
We have prepared a visual step-by-step guide for you to follow through.
(nice picture courtesy of nicholas chan)
If you are a Malaysia Merchant are selling online and you use PayPal to take credit card payment (a lot of eBay sellers do), the drawback for Malaysian Merchants is that PayPal cannot be linked to your local bank accounts (which online merchants from US, UK, Singapore, Thailand, Indonesia etc can) for now. So the money cannot be easily cashed out.
As you can see, this is the main reason why it’s NOT so convenient for Malaysia Merchants, especially the “SDN BHD” setup (Private Limited), to utilize PayPal in their online store for time being.
Once PayPal support connecting to Malaysian bank account (which we hope very soon), it will be a very viable payment solution for businesses to sign-up and start selling to the world (aka cross-border trading).
Still, linking to a Visa Branded Debit Cards is one of the pretty convenient way for Small Business with a sole proprietary or partnership setup to transfer the hard-earned money to the card (so can use ATM to withdraw the CASH) to pay the bills and expand the business. Another plus point, did I mention PayPal is FREE to sign up too? (we recommend business account only for merchants).
More interesting read
Learn more about PayPal at our PayPal Learning Centre
or Start Selling Online with webShaper stores + PayPal now (Get a Free PayPal bag!)
One major drawback is Paypal to Maybank fund transfer needs 2 to 3 days to complete. Fund is not immediately available.