Emporium Blog

Paypal users in Malaysia have been subjected to unfair policies since 10th May 2007. There has been no news on whether this policy will be permanently imposed on us.

However, there are a few ways to have a proper functional Paypal account. VMI Bank Account is one of them. It is discussed and proper instructions can be found at hongkiat.com, a fellow blogger who are kind enough to share the knowledge. However, there are a lot of fees that are imposed on the VMI Bank Account that makes it not quite worthwhile for small timers.

The other more desirable way, in my opinion at least is the E*Trade Checking Account.

Account Features

• Free, unlimited online bill payments
• Free ATM/Visa® Debit card
• Unlimited Debit card and check transactions
• Free initial checkbook order
• Online images of cleared checks, deposited checks, and deposit slips
• FDIC insurance to at least $100,000

Account Minimums

• $100 minimum initial deposit required
• No account minimums are required to maintain this account

Costs and Fees

• No monthly account fees

The E*Trade Checking Account can be applied through mail. Application forms can be printed online. The whole process is simple and takes less than one week if proper documentation is submitted. A photocopy of your Passport and MyKad is the only requirement needed for identification. Activation is standard procedure as normal for use in Paypal.

I believe there are other ways but E*Trade Checking Account is the best so far. If you have differing opinions, please share. There have been many ebooks written on this subject since and payments are often required for the information. Heaven forbids if anyone were to copy and turn this into an ebook and charges for it.

I hope this article will not be misused by crooks that Paypal wanted to rid by implementing the said policies, else more drastic actions are in store for us.

Happy Paypalling!

There has been an unofficial change of policy for Paypal users in Malaysia since 10th May 2007. Users in Malaysia who tries to receive funds are directed to a page where they are asked to enter a U.S. Bank Account. Those who cannot comply will have their funds stuck and eventually returned to the sender.

There’s no confirmation so far from Paypal. Enquiries and emails are simply brushed off with standard replies citing technical glitches. This shows that Paypal does not give a fuck to Malaysian users.

Paypal states that users in Malaysia can Send. Receive. Withdraw to a U.S. Bank Account. But now we can only Send. Withdraw to a U.S. Bank Account.

I am sad to acknowledge that Paypal actually did the right thing. Many Malaysian sell things on eBay, get payment through Paypal but did not send the goods after receiving payment. The crooks then transfer the money out and closed the Paypal account. We are being penalised because of them. Don’t forget Malaysia is still on the list of high fraud risk country.

Being a Malaysian, we are miserable long enough to have our own ways. There are hope yet, in the form of VMI Bank Account and E*Trade Checking Account.