Sigh... somehow or rather, the recent events are making it hard for Malaysians to obtain bitcoins. First, Liberty Reserve got shut down & it was one of the easiest way to fund Mt.Gox. Forget Dwolla since they're only available in the US.
Then today I just received an email from PayPal saying that they're removing the personal payment function for Malaysian accounts. This spells the end of the days where I can just simply hop onto bitcoin-otc & trade my PPUSD for BTC.
@ninjaboon: You've heard this in our Whatsapp group where I ranted about it.
P.S. And oh, Mt.Gox just released a press statement. Apparently OKPay will stop doing transactions to & from bitcoin exchanges. *facepalm*
Dang, and I was thinking of using PayPal for my monthly BTC purchase.
personal payment function? how does it works?
hmm, time for LiqPay i guess.
and btw, can add me to the whatsapp group?
In normal scenario when you buy something online via PayPal, say for $12, the seller will receive maybe around $11 with the remaining $1 going to PayPal as fees. This is more or less the same when it comes to credit card transactions.
However, PayPal also has another function where you can make personal payment to friends with no fees incurred as long as both parties' PayPal account are created in the same country. If I send you $12, you'll receive $12. If you send personal payment to someone out of Malaysia (assuming that your PayPal account is created in Malaysia), then you'll get charged a minor fee but it's still lower than a normal payment to merchant. This is the very feature that PayPal is removing away from Malaysian account.
Anyway, what's LiqPay? I Googled but seems like it's in Russian.
For the Whatsapp group, send a SMS to 016 562 6404. This is the seller's lowyat.net thread:
https://forum.lowyat.net/topic/2799421