LiewCF.com

Financial Process Exchange (FPX) is an online payment gateway for Malaysians. It facilitates interbank transfer of funds from the buyer to the seller. The payment gateway is spearheaded by Bank Negara Malaysia and is managed by MEPS.

How does FPX works?

FPX can be used for bill payments and purchases of goods and services. There are two types of FPX services: Payment model and Collection model.

Payment model is to be used for B2C or B2B to support real-time payments for e-commerce business. Buyer required to have a Internet banking account with one of the participating FPX member banks.

Collection model is designed to function as an alternative payment method for non-Internet based business. Collection Model is ideal for bulk collection such as premium collection for insurance or unit trusts.

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You want to sell your stuff online but do not how to create a website? Worse, you have limited budget. You might want to try Shopify, a free web service to create online shop for you in minutes.

My Shopify online shop created in minutes

Once signing up with Shopify, you can start creating your online shop. It is very easy to use, I created my shopify shop (demo only) in a matter of minutes.

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This is a follow-up of Ebay Explained 2006 event in Malaysia. It was a great experience to attend such a big event.

First of all, I was not satisfied by the performance of the event organizer. Firstly, they changed the venue last minute. Secondly, many members did not receive confirmation letter. Then, the event was delayed till 3:00pm instead of starting at 2:00pm on that day.

I did not receive the confirmation letter as well, and the organizer had no records of me! Anyway, they still let me in. Otherwise, you would have been reading my complains here.

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Last year, I missed the eBay Explained! 2005 event. It is back for this year!

Date: 12 November 2006
Time: 2:00pm - 6:00pm
Venue: Starhill Conference Centre, Starhill 1, JW Marriot Hotel Kuala Lumpur, 183 Jalan Bukit Bintang, 55100 Kuala Lumpur.

Register here (eBay membership required)

What’s special for eBay Explained! 2006?

The following content is quoted from eBay newsletter:

For the first time in Asia, Jim Griffith, Dean of eBay Education & eBay University Instructor will be flying in to host eBay Explained!2006 in Malaysia!

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PayPal is preparing to open a new regional headquarters in Singapore - PayPal Private Limited. These headquarters will be the service provider for PayPal customers outsite United States and the European Union. The new customer relationship will take effective after August 1, 2006.

With the opening of new PayPal regional headquarters, non-U.S or European Union customer relationship will be automatically be transferred to PayPal Private Limited. PayPal policy will be updated accordingly.

No actions needed by existing PayPal members.

My two cents

It may be a sign that PayPal is going to allow Malaysians to withdraw PayPal funds. By the way, there are unofficial (but legal) ways for Malaysians to withdraw PayPal funds.

paypal, singapore