I’ve made a withdrawal from Paypal to CIMB bank last week which was on the 29th January. From their website they state it will take 2-3 working days. Now take note that working days does not include Saturday & Sunday. So anyway, since I withdraw it on the 29th which falls on Thursday, I was like thinking maybe I will be able to get my funds by Monday. But unfortunately I never got it until today. Yes, it took me 6 working days to receive my funds from Paypal. However from what I was told, normally the first withdrawal takes a little bit longer. But once you withdraw the 2nd time it will be faster. So I’m not too sure about that, maybe will try and see how it goes.
Surprisingly when I opened up my account to check, it stated IBG Credit. So I guess it’s considered a local transfer rather than international transfer. Who knows, but I do get complaints from people stating that the exchange rate is very low. Yes, I do agree with that the exchange rates are not reasonable but I guess they pretty much included the transfer fees or bank charges that could incurred during the transfer. Never the less, I always tell people to set your own exchange rates. So normally when I sell stuff online especially in USD, I would charge my clients about 1 USD = RM3.1 or RM3.2. So at least when I do a conversion through Paypal it wouldn’t be so bad, but ended up earning a little bit from the exchange rates. So why are you complaining about? Banks exchange rates are not that good either, so you’ve just got to learn how to give and take.
Anyway, I wouldn’t want to go into more details on that. But here’s the proof of my withdrawal, and of course this time I need to clear a bit, because it’s a little bit sensitive showing how much I withdraw this time round. Hehehe. Anyway, I did another withdrawal as well on the 2nd of February to Maybank account, as I heard it was faster. Well, I’ll just wait and see.
Oh before I forget, the swift code for CIMB Bank is CIBBMYKL. Apparently previously Paypal made a mistake in placing the swift code information. Anyway, they have fixed it already and I was able to withdraw no problems. So don’t just sit there, start selling and get some extra cash for this coming Chinese New Year 
Good news everyone. You can now withdraw your paypal funds locally. I haven’t tried it out personally yet. But I’ll give it a shot in my next paypal funds which I estimate will be arriving sometime next week. Hehehe. From what I understand is that, it will charge you a minimal fee of RM3 if you decide to withdraw less than RM400. But if it’s more than RM400 then there will be no charges. Cool don’t you think. It’s better compared to the USD5 withdrawal through your credit or debit card. Anyway, stay tuned while I’ll be doing a test withdrawal in the next few weeks. Have a nice day!
But before I go on, apparently I was having some problems with joomla latest patch. Probably the only way to solve it is doing a fresh install if not roll back to the previous version. Which pretty much is a bummer because I don’t think I have the time to work on it bit by bit. Hopefully they’ll come up with a patch soon. The problem is that, in Firefox if I were to save an article or post it, I’ll get an error. So far there don’t seem to be anything wrong with IE, but when I save the article, it doesn’t save the formatting. So forgive me if this will be a messy post.
