Today I would like to share on How To Transfer PayPal Money To Maybank and Other Local Bank in Malaysia based on my personal experience. I believe everyone would like to cash out their US dollar currency to Malaysian Ringgit if you have earn some oversea advertorial income. Below is the steps to transfer your Paypal balance to Maybank or other local bank in Malaysia.
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Step 1 - Logon to www.paypal.com
Step 2 - Click Profile > Add/Edit Bank Account
Step 3 - Check your Bank Name and MEPS Bank Routing Code local Bank.

Step 4 - Key in all the necessary details after you found your MEPS Bank Routing Code with your Bank Name. (I use MALAYAN BANKING BERHAD as my Bank Name and MBBEMYKL as my MEPS Bank Routing Code) > Continue
Step 5 - Review the details for your bank account in Malaysia > Save
Step 6 - You will see your local bank account stored in your profile. (Continue to add another bank if to wish to add another one and repeat Step 2)
Step 7 - Click Withdraw tab and Withdraw to your bank account link. (Please take note that the processing time for Banks in Malaysia take up to 2-3 Business Days and the cost is FREE if If RM400.00 MYR or more is withdrawn and RM3.00 MYR will be chraged if less than RM400.00 MYR is withdrawn)
Step 8 - Select the currency converter link to check whether it is worth to withdraw or not since the exchange rate is different everyday before you key in the money that you would like to withdraw in the withdraw funds tab.
Step 9 - Review your withdraw information and select Submit once you confirmed.
Step 10 - Congratulation that you're done as you will see your withdrawal request is in the process page as below.

**Please take note that Paypal charge a fee if the funds are returned because your bank information is incorrect or does not match and must meet the minimum withdrawal amount as below.
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Well, I did check the exchange rate for that time is 1 USD = 4.12141 MYR based on XE currency converter website as below.
However, Paypal conversion rate is only 1 USD = 4.02903 MYR as I just get RM657.90 for the $163.29 US dollar that I have in my Paypal account. It means that I had lost about RM15 if based on the exchanged rate on XE as it should be RM672.98. Anyways, I still need to wait 2 to 3 days to get the PayPal money transfer to my local Maybank account as below.

On the other hand, I just feel that Paypal transaction fee is quite expensive for me if you saw my earning post yesterday. I remember last time you can play a "tricks" as you just ask your merchant put the payment as a "gift/donation" and Paypal won't charge any transaction fee for it. Here is the update for the Paypal balance that I requested as I receive an email from them upon request as below.
*Updates* It seems that the transfer only require about 1 day as I requested yesterday instead of 2~3 business days as I receive the money tomorrow as below.
Apparently Malaysian currency is dropping and I do felt a little regret for selling $88 USD in my Paypal previously. Anyways, if you're selling item locally with you e-commerce website, you can consider local payment gateway solutions in Malaysia to do your online transaction because it is much cheaper. I hope this guide can help you cash out your Paypal balance to your local bank in Malaysia from my sharing.
=)

During the night, a leng lui (beautiful girl) personal messaged me asked whether want to sell my remaining Paypal's USD currency that I had posted few day ago as below.
Well, the only thing that I concern about transferring Paypal (PP) balance in USD is the 3++% transaction fee / administration fee charged for every transaction you do. The girl told me that there is no charges for her transaction last time but I know there is charges recently when I received some earning through PP for writing international product review recently. Anyways, I just sold $88 USD for RM3.60 per USD instead of the RM3.69 exchange rate from XE currency converter website as below.
Upon received RM316.80 (RM3.60 x $88) in my Maybank account, I just transfer the money to the girl's PP account as below.
She told me that she had been charged $3.73 transaction fee and the final amount she received is just $84.32 in her PP balance although both of us is Paypal Premier account holder. For now, I just left about $17.57 USD left in my account to be sold.
Somehow I just feel that it is quite "ridiculous" that Paypal charged so high transaction fee as below.
I had been searching on "How to Avoid PayPal Fees" but the information I got is just back in few year ago where you're able to select "Gift" option to avoid any fee being charged as below.
Anyways, the new policy stated that any International transfers will incur a transaction fee no matter you use what method. If you have found any ways to avoid Paypal transaction fee, kindly tell me in the comment below.
Thanks.
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