Feb
22
Sending Money
It’s always free to send money to friends and family when you use your PayPal balance or bank account. Fees apply only if the sender uses a credit or debit card, or if you receive any payment for goods or services. There are also:
- No monthly fees to maintain a PayPal account.
- No setup fees.
- No gateway fees.
- No fees for multiple eBay and merchant tools.
Receiving Purchase Payments
The standard rate for receiving payments for goods and services is 3.4% + RM2.00 MYR.
If you receive more than RM12,000.00 MYR per month, you’re eligible to apply for PayPal’s Merchant Rate – which lowers your fees as your sales volume increases. Your fees can be as low as 2.4% + RM2.00 MYR, based on your previous month’s sales volume.
Withdrawal Funds
PayPal offers the following options for withdrawing funds from your PayPal account.
Source: [PayPal] as at 22/02/2010