Dear all clients and partners,

Have you started to use PayPal to take online payment at your webShaper Stores?

If not yet, it has never been a better time to start!

webShaper is excited to offer you the opportunity to expand your business and grow your profits – through our partnership with PayPal. When you accept $500 USD or more in PayPal payments from now till September 30, 2010, you’ll receive $100 USD in your PayPal account. That means when your buyers pay you using PayPal, you will make even more money! So what are you waiting for?

Sign up a PayPal Business Account Now (It’s Easy & FREE!)

More details, T&C Please refer here.

For webShaper Stores clients, How does it work?

PayPal is easily enabled through webShaper Stores. To get started, complete the simple 3 + 1 steps:

1.    Sign up for a PayPal Premier or Business account – it’s free and takes less than 60 seconds.
2.    Log into PayPal and retrieve your API information: username, password, and signature. You can get your API information by clicking Profile > API Access > View API Certificate.

3.    Log into webShaper > Payment.  Activate either PayPal or PayPal Express Checkout (API is needed only for Express Checkout).

4. Put up the logo and let your customers know you are now taking PayPal (and they can pay via credit card too!)

All done up now!

More useful links
- How to link PayPal to your Malaysia Bank Accounts
- Learn more about PayPal Malaysia at learning centre
- Join  PayPal Asia Pacific Facebook Page

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Dear all valued clients & partners, you might have noticed recently some of your sites are undergoing some major upgrade, the transition is the very first important step for us to add serious values to your webStore business. Below are an important overview of what’s new, and what’s coming next!

 

mySQL

Database upgraded fully to mySQL (from old,not-so-efficient file based Microsoft Access) – a Real Database Management System which not just speeding up access to your webShaper Stores’ information, but add industrial strength stability onto your own branded webStores too.

 

Caching

We have designed a new Dynamic Caching Mechanism to produce cache-page for frequently accessed pages on webShaper Stores (homepage, category page, product page etc) .  In simpler term, this means frequent access to database to retrieve information is NOT needed unless there are new changes made to the product details and site contents!

Considering Google now adding site loading speed as one of the hundreds over signals to rank your website, it can only help to boost your ranking further! But… it can’t help you to break world record yet, but it’s close.

 

New Features

Needsless to say, we have added in numerous new features (availability depends on your webShaper Store’s plan). A quick overview below:

1) Labeling – Easily label your products (Hot, Pre-order, New, Best Selling) and convert more browsers into clients.

2) Form Builder - simple form builder to help you put up a form and grab the input sent to your designated email.

3) Quick Search – Appear on Top right, now you can easily retrieve Customer, Product and Order Information on webShaper’s Control Panel.

4) Improved WYSIWYG Editor – This is one area which we have receive a lot of complaints, and we hear you! We believe you will love the new editor and it can even let you copy the Microsoft Word Content and paste over.

5) Guest Checkout – According to Forrester Research, 23% of shoppers will abandon when asked to register before checking out. Unless you absolutely must require registration, test a guest checkout (login to webShaper > Order Config) and see how much it impacts conversion.

7) New Payment Gateways and updated API for existing payment option  – iPay88 now support Multi Currency (Checkout iPay88 International Gateway),  iPayDNA, PayPal Express Checkout, Payment Express.

8 ) News Update on Dashboard to  “Stay in close loop” with merchants, and update you all latest happening in the e-commerce and payment industry + marketing tips and tricks which you can apply to sell more online!

9) Product Comparison – Easily add products and compare, and clients can just click on “add to cart” on comparison page to buy!

 

What’s Next?

Once this upgrade is done, you will hear more frequent update from us, not just on the new, innovative features we will continuously to fuel on webShaper Stores, but also on more ways to help you grow your online sales! This will be our primary focus as we are driven to help our clients succeed and maintain a long term win-win relationship!

Yet to sign up webShaper Stores yet? Start here.

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Latest Breaking news! Here’s the latest update on PayPal Supporting Malaysian Ringgit (MYR), now, the final piece of the puzzle is finally completed. You can officially link up your PayPal Account (Start selling online now) to a Malaysia Banks (or Overseas banks operating in Malaysia, basically via the MEPS network).

Step 1 – Login to your PayPal Account, Go to Profile > Add / Edit Bank Account

Step 2 – Fill in the account details.  If you are not sure about the Bank Name and the MEPS bank routing code (aka SWIFT code, a special code required when you do Telegraphic Transfer), just click on the details link. Seems like there are 21 banks on the list. (Including Bank of America !? never know BOA have a  Malaysia branch)

Step 3 – Confirm the details and you are done!

Step 4 – You will receive an email notification on PayPal too upon successful update.

Malaysia Bank Routing Code (also known as SWIFT Code)
==========================================
Here are the bank numbers for some of the major banks in Malaysia.
Bank Name – MEPS Bank Routing Code
AFFIN BANK BERHAD – PHBMMYKL
ALLIANCE BANK MALAYSIA BERHAD – MFBBMYKL
AMBANK BERHAD -  ARBKMYKL
BANK ISLAM MALAYSIA BERHAD -  BIMBMYKL
BANK KERJASAMA RAKYAT BERHAD - BKRMMYK1
BANK MUAMALAT BERHAD - BMMBMYKL
BANK OF AMERICA -  BOFAMY2X
BANK SIMPANAN NASIONAL - BSNAMYK1
CIMB BANK BERHAD - CIBBMYKL
CITIBANK BERHAD - CITIMYKL
DEUSTCHE BANK -  DEUTMYKL
EON BANK BERHAD - EOBBMYKL
HONG LEONG BANK BERHAD -  HLBBMYKL
HSBC BANK MALAYSIA BERHAD - HBMBMYKL
MALAYAN BANKING BERHAD - MBBEMYKL
OCBC BANK (M) BERHAD - OCBCMYKL
PUBLIC BANK BERHAD -  PBBEMYKL
RHB BANK BERHAD -  RHBBMYKL
STANDARD CHARTERED BANK MSIA BHD - SCBLMYKX
THE ROYAL BANK OF SCOTLAND BERHAD (RBS) - ABNAMYKL
UNITED OVERSEAS BANK -  UOVBMYKL

Around the blogosphere

Fund Paypal Kini Boleh Di Keluarkan Ke Bank Tempatan

Trosworld: Withdraw Paypal funds to your Malaysia Bank Account

Keluarkan Duit PayPal anda ke BANK MALAYSIA

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Long awaiting rumor… Now it’s a reality. You hear it first here!

What are the implications for Malaysia Merchants (and the new countries PayPal starts supporting?). We cannot predict the future, but for every new market which PayPal enters, normally the e-commerce activity will spur as it has become really easy for businesses (esp small businesses) to start accepting online payment and thus making e-commerce a very practical and attractive channel for them to expand their businesses.

In the eye of PayPal, Malaysia has been perceived as a favorite cross-border trading (aka export) and our English based speaking crowd is seen as an advantage (when it comes to product content, still, need to sort out on “what to sell”). Will we live up to the expectation? Well, time will tell.

4 Important Key Takeaways:

1. Malaysian Merchants can now accept payments in Ringgit Malaysia on their websites or online stores (on top of 22 other foreign currencies) – haven’t started selling yet? Sign up webShaper stores now, from as low as RM 1 per day.
2. You can keep a MYR (Ringgit Malaysia) balance  in your PayPal account now (Think of it like a multi-currency bank account)
   
3. PayPal can now linked to a Malaysia Bank Account and You can easily transfer your funds over (Yet to be available, but soon since they already have the official rates published)
4. Apart from Malaysian Ringgit, PayPal also adds in Philipino Peso, Taiwanese Dollar, Thai Baht, Argentinean Peso and Brazilian Reais.  Learn more

Cost ($) of Doing Business with PayPal

How much is the transaction fee?

Transaction fees generally divided into Domestic Payment vs Cross-Border Payment

For Domestic Payment

3.4% + RM2 per transaction or below (for transaction volume less than RM12,000) – Learn more

For Cross-Border Payment ( fees for receiving payments from buyers outside Malaysia)

3.9% + RM2 per transaction or below (for transaction volume less than RM12,000) – Learn more

Withdrawal Fees (From PayPal to your bank account)?

If you withdraw more than RM400, it’s FREE! – Learn more

Minimum withdrawal amount?

Malaysian Ringgits (only for Malaysian users) RM40.00 MYR – Learn more

Other questions you might have in mind:

So does it mean PayPal is the only thing i need to start accepting online payment?

As easy and affordable as PayPal, it cannot do-it-all. First, you need to know exactly what market you are targeting. If you are targeting local online customers, it’s good to have a local payment gateway too (if budget allows, we normally recommend sign up both) as Malaysia Payment Gateways like iPay88 or nbePay both support Internet Banking Transfer which is not supported by PayPal (and very unlikely to be supported by PayPal in near future)

So this is governed by what law?

Well, of course it’s by Malaysia Law. Don’t even think about anything fishy apart from running a serious business.  See the details here on PayPal Policy Changes.

“For Malaysian residents who register for the PayPal service with a Malaysian address, this Agreement is governed by and interpreted under the laws of Malaysia as such laws are applied to agreements entered into and to be performed entirely within Malaysia.”

Do you know we are the only one in Malaysia which has PayPal Certified Developer?

See our PayPal Certified Developer – Sunzi Lim listed on the PayPal Certified Developer List

Links from around the blogs

MalaysiaCrunch.blogspot.com – Breaking: PayPal in Ringgit Malaysia!

Adesblog.com – PayPal Accepts Ringgit Malaysia now

Matzis.com – PayPal Senaraikan Ringgit Malaysia

AnuarMazuki.com – Polisi Baru PayPal

Sifu-lan.com – Matawang Malaysia kini diterima PayPal? Betul ke?

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Do you know that Maybank Visa Debit Card is now supporting PayPal Fund Withdrawal?

We have prepared a visual step-by-step guide for you to follow through.

See how it works here.

(nice picture courtesy of nicholas chan)

If you are a Malaysia Merchant are selling online and you use PayPal to take credit card payment (a lot of eBay sellers do), the drawback for Malaysian Merchants is that PayPal cannot be linked to your local bank accounts (which online merchants from US, UK, Singapore, Thailand, Indonesia etc can) for now.  So the money cannot be easily cashed out.

As you can see, this is the main reason why it’s NOT so convenient for Malaysia Merchants, especially the “SDN BHD” setup (Private Limited), to utilize PayPal in their online store for time being.

Once PayPal support connecting to Malaysian bank account (which we hope very soon), it will be a very viable payment solution for businesses to sign-up and start selling to the world (aka cross-border trading).

Still, linking to a Visa Branded Debit Cards is one of the pretty convenient way for Small Business with a sole proprietary or partnership setup to transfer the hard-earned money to the card (so can use ATM to withdraw the CASH) to pay the bills and expand the business.  Another plus point, did I mention PayPal is FREE to sign up too? (we recommend business account only for merchants).

More interesting read

Learn more about PayPal at our PayPal Learning Centre

or Start Selling Online with webShaper stores + PayPal now (Get a Free PayPal bag!)

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