Author Topic: Paypal (Read 8252 times)

niteowl · « **on:** February 20, 2015, 02:35:27 PM »

Hi Sifus,

I want to ask how come paypal do not allow payment using link to bank account to pay as staright away need to pay with credit card?

Or did i miss something? Paying with credit card in paypal incurs additional 4% which is very 'siong'.

Can those with Paypal experience share or help with this as this is my first time using Paypal.

Thanks in advance

ck77 · « **Reply #1 on:** February 20, 2015, 03:43:53 PM »

All the while am linked with my credit card. Not sure can link with bank account.
Usually the seller absorb 4% fees unless stated otherwise.

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toypoodle · « **Reply #2 on:** February 20, 2015, 04:16:30 PM »

Seller in Alibaba demands extra (?4%) charges from buyer!

JeepWH · « **Reply #3 on:** February 20, 2015, 06:12:12 PM »

AFAIK, only RHB bank account can directly link for now.

niteowl · « **Reply #4 on:** February 23, 2015, 01:12:13 AM »

Thanks All for the sharing.

kenji1903 · « **Reply #5 on:** February 27, 2015, 07:57:57 AM »

Tumpang thread since the topic is on Paypal;D

For payment via credit card, there are 2 options:
1. DCC (dynamic currency conversion) whereby the amount is charged in MYR (which is very high)
2. based on Visa/MC rate whereby the amount is charged in the foreign currency

any idea when will option 2 be charged to the credit card?

JeepWH · « **Reply #6 on:** February 27, 2015, 02:30:52 PM »

I think you can choose.

When u checkout, click the option i want to use bank conversion rates.

Way lower than Paypal Rates

kenji1903 · « **Reply #7 on:** February 27, 2015, 02:40:50 PM »

Quote from: JeepWH on February 27, 2015, 02:30:52 PM

I think you can choose.

When u checkout, click the option i want to use bank conversion rates.

Way lower than Paypal Rates

I was initially shocked at the rates Paypal provided!

Fortunately i found the Visa/MC conversion rates and opted for that instead

But so far the amount is not being charged to my card yet so unsure what rates i'm getting...

JeepWH · « **Reply #8 on:** February 27, 2015, 02:43:07 PM »

Theyll charge at the end of the month, its the converted amount plus 1% of the converted amount as conversion charges

kenji1903 · « **Reply #9 on:** February 27, 2015, 02:48:02 PM »

thanks for the info bro

still better than Paypal's 2.5%

Clicko · « **Reply #10 on:** February 27, 2015, 03:44:58 PM »

Anyone knows using PayPal via mobile phone allow to choose the conversion rate option? I remembered I can choose only using a PC.

ck77 · « **Reply #11 on:** February 27, 2015, 03:48:35 PM »

Kenji what are you getting?? Hehe

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kenji1903 · « **Reply #12 on:** February 27, 2015, 08:21:16 PM »

Quote from: ck77 on February 27, 2015, 03:48:35 PM

Kenji what are you getting?? Hehe

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will post wristshots upon arrival

niteowl · « **Reply #13 on:** February 27, 2015, 11:09:21 PM »

kenji, option number 2.

And ya, please post some wrist shots too... hehe

JeepWH · « **Reply #14 on:** February 28, 2015, 04:43:35 AM »

Quote from: Clicko on February 27, 2015, 03:44:58 PM

Anyone knows using PayPal via mobile phone allow to choose the conversion rate option? I remembered I can choose only using a PC.

AFAIK, PayPal mobile 'short' already. Like

Better use PC.

wshiong · « **Reply #15 on:** February 28, 2015, 09:55:26 AM »

If you want safe of cause you need to pay the 4% stated by seller. or you can do direct bank transfer if you know the seller.

rexwong930826 · « **Reply #16 on:** May 26, 2015, 10:00:41 PM »

Paypal link to credit card is problem now , happen to me also

keanewoon · « **Reply #17 on:** May 26, 2015, 10:16:59 PM »

Nice

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shwn31 · « **Reply #18 on:** May 28, 2015, 11:26:29 AM »

Hi, my case is I found a private seller from UK in chrono24 and I'm interested to buy a watch from him. How can i sent him the money with the least fees? He suggest me to use paypal but i'm not confident with paypal. Haha

ck77 · « **Reply #19 on:** May 28, 2015, 11:36:25 AM »

Quote from: shwn31 on May 28, 2015, 11:26:29 AM

Hi, my case is I found a private seller from UK in chrono24 and I'm interested to buy a watch from him. How can i sent him the money with the least fees? He suggest me to use paypal but i'm not confident with paypal. Haha

Paypal is the safest and easiest way.

deriku · « **Reply #20 on:** May 28, 2015, 12:15:53 PM »

Paypal fees is charged on seller so you pay no fees (unless it's already factored into the asking price). Only thing is Paypal exchange rate may not be so favourable. But as a buyer Paypal is the safest way to go as you are protected in case of any fraud.

shwn31 · « **Reply #21 on:** May 28, 2015, 02:45:43 PM »

Ok. Thanks guys. I'm confident to proceed the deal now. Haha

D'Andy · « **Reply #22 on:** May 28, 2015, 02:55:56 PM »

Quote from: deriku on May 28, 2015, 12:15:53 PM

Paypal fees is charged on seller so you pay no fees (unless it's already factored into the asking price). Only thing is Paypal exchange rate may not be so favourable. But as a buyer Paypal is the safest way to go as you are protected in case of any fraud.

You could further consider using the Mastercard/Visa Forex rate option during payment. I have done so on a few occasions and found that the amounts reflected in the statements were lower than that of the PayPal Forex rate. But do note that Forex fluctuates and in the current economic climate, it may be better to buy sooner than later given how our MYR is doing, and there's news of Moody's looking at re-assessing the Malaysian rating if any 1MDB bailout derails the fiscal consolidation

deriku · « **Reply #23 on:** May 28, 2015, 03:44:22 PM »

Quote from: andytagheuer on May 28, 2015, 02:55:56 PM

You could further consider using the Mastercard/Visa Forex rate option during payment. I have done so on a few occasions and found that the amounts reflected in the statements were lower than that of the PayPal Forex rate. But do note that Forex fluctuates and in the current economic climate, it may be better to buy sooner than later given how our MYR is doing, and there's news of Moody's looking at re-assessing the Malaysian rating if any 1MDB bailout derails the fiscal consolidation

Thanks for the tip. Lucky that my income is not in MYR or I'd be taking a bit hit when buying from foreign sellers

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Author Topic: Paypal (Read 8252 times)