Acmamall.com Media Center

Acmamall.com celebrates with all of Malaysia with the launch of Paypal in its Malaysia webstore.

“We have been waiting for this moment for a long time. Paypal has painstakingly worked with Bank Negara to allow the Ringgit to be accepted by Paypal,” cheers Christopher Quek, CEO of Acmamall.com.

On 28 Oct 2009, Paypal has finally got its act together and allows Malaysian merchants to accept the Ringgit on their webstores, of which revenues collected can now be dispersed into a Malaysia bank account.

Until recently, Acmamall.com has been an established Paypal merchant since 2007, offering the convenience of Paypal in all its webstores except Malaysia. Acmamall.com accepts Paypal in USD, SGD, AUD, HKD and NZD. It was unable to offer the Ringgit due to limitations of Paypal, much to the dismay of many Malaysian customers.

“Malaysia is one of Acmamall.com’s core markets, and offering Paypal to our Malaysian customers gives us more creditability and security for our payment options,” cites Kau Siwei, Chief Marketing Officer of Acmamall.com.

“Paypal is a safe and secure method for payment, and is recognized internationally. I do believe it will give customers a wider choice but we may not see a major flow over to Paypal as Acmamall.com has already six other payment options,” quips Lee Weiliang, Chief Technology Officer of Acmamall.com.

Acmamall.com receives 15% of payments via Paypal from its webstores. With the inclusion of the Ringgit for Paypal, Acmamall.com believes it will see a slight increase in the usage for Paypal. In Malaysia, Acmamall.com currently accepts payment via Maybankard.NET, Maybank2u.com Internet Banking, CIMB Clicks, American Express and Cheques.

Whether Paypal will be an impact to the Malaysia webstore, it remains to be seen. Nevertheless, Malaysia customers can now relish a new payment option before them.

About Acmamall.com

Founded in 2000, Acmamall.com is an online shopping mall selling 1 million books, beauty, apparel and gifts. It operates regionally in South-East Asia and now offers delivery of its products internationally as well.

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