PayPal accepts Ringgit Malaysia and its Benefits to Malaysian PayPal Users

Beginning October 14, 2009, your PayPal account can accepts payments in Malaysian Ringgit (Ringgit Malaysia). Yes, I am being honest! It is time to celebrate!

As a result of this positive development, Malaysian PayPal users will benefit from the following activities allowed by PayPal and Bank Negara Malaysia:

  1. We can accept payments in Ringgit Malaysia on our websites or online stores (besides other foreign currencies).
  2. We can keep a separate PayPal balance in Ringgit Malaysia in our PayPal account without converting to another foreign currency like we have been doing for years!
  3. Withdraw PayPal funds to Malaysian bank accounts without any maximum limit. (This feature will be made available in due time)

The feature to allow withdrawal of PayPal funds to our Visa debit cards will be continued.

This is a much awaited news for Malaysian PayPal users and merchants who wants to accept and pay in Ringgit Malaysia. This news was first made known by PayPal through their policy update on October 14, 2009 which you can read here (Due to time zone difference, beginning October 15, 2009 in Malaysia).

Stay tune on this blog for more updates and detail information on this new development in Malaysia!

2 Responses to “PayPal accepts Ringgit Malaysia and its Benefits to Malaysian PayPal Users”

  1. omg.. i can’t wait for this!!!

  2. […] links: Easy Steps to Create a PayPal Account PayPal Accepts Over 20 Malaysian Banks PayPal Accepts Ringgit Malaysia and its Benefits to Malaysian PayPal Users How to Link PayPal to Your Malaysian Bank Account Share and […]

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