/k online shoppers can you tell us if we pay by Paypal, do we use Paypal exchange rate so our card is charged by rm, or should we use the Credit Card exchange rate which we don't know.

Today market 1 USD = rm3.099

Paypal exchange 1 USD = rm3.2111

Credit Card 1 USD = rm???

anyway to check exactly what rates the credit card company is using, and will there be any extra charges?

Donut idunknowlol........ 1

paypal is owned by ebay.
ebay got many loophole, as a seller in ebay , basically no security and all policies to seller is unfair. e.g. buyer can leave negative feedback to seller, but seller cannot leave for unpaid case;

ebay created the lengthy procedure for sellers to claim their right but will not be strict and harshed to buyers!

ebay tried to monoploised paypal payment in australia ebay but got sued by users and govt back to few years ago.

Paypal
basically, they function like a financial institutes but bypass monetary authorities policies, that created some loopholes for a fair trade. if you are a user of her, you will receive "quite often" term and condition "update" to your email! read the subscripts they wrote there, you will be "shocked". suggest those law students to take it to FYP or use it a case study in your MBA course will definitely enrich your life loophole experience.

paypal exchange rate is quite unfavourite to both payer or recipient, especially those cross currency transaction.

to sell in ebay with paypal, your cost mark up is almost 8% for a transaction via them if you sell from malaysia to ebay US or other countries.

the transaction cost plus the exchange rate margin they earn leave them sit there to "tailor" more unfair policies to the platform.

our friends left ebay few years already. paying them the listing fee, final value fees, you still have to bear with their unfair policies to sellers, is enough for seller to build up a simple website to sell and pay adsense keyword to draw traffic.


plenty of online payment choices and sale platform like lowyat forum!!!

but i'm asking whether it's better to use paypal exchange rate or creditcard exchange rate using paypal.

as a buyer.

since there is no difference from buyer point of view if they use direct credit card or paypal via credit card exchange rate.

it depends one.. last time i normally used paypal for the conversion coz there will be aroud 0.xx cheaper rate (compared to the bank exchange rate)
but... recently i purchased something via paypal and i choose the bank ccard conversion. Keep track on the charges and a month later.. wow... rates from bank is better

So.. there is no fixed thing telling you which one is better.. i guess it depends on luck hmmm

usually paypal rate is higher than credit card exchange rate.

the thing is for bank credit card rate you cannot tell the exact rate because it keeps fluctuating and depends on the rate when the charge is in which may not be immediate after you pay.

cc card charge 1% on top for transaction fee which is not too much.

the paypal rate is really alot more expensive than bank rate currently, at least 6-7% more higher.

+1


but but, hard to tell also, bcoz the exchange rate up and down all the time, it hard to tell or predict, its like predicting forex

but I think credit card rate never go higher than paypal rate, right?

Paypal rate very bad.. Surely credit card.

but of course paypal is cheaper than western union rite?

if read paypal detail, then you would know how much more paypal charge.
you may also try to sell something in ebay and use paypal to settle in this case:

you sell US$1, listing it not just in malaysia/singapore ebay, choose worldwide or any sites like UK, US, or AU.

-listing fee How much? whether u sell it or not u still hv to pay it
-final value fee, check ebay lah! will blink your eyes!
-ok, deal comes, buyer pays via paypal, paypal charge transaction fee!
-extra, if your currency is MYR, they pay via paypal, you bear the exchange rate risk and paypal will not care what rate, they will mark up higher than interbank rate for sure!!!
-- not count those unfair policies here.

one round, guess your US$1 deal, money arrive you may be less than US$0.3 or even less.

loopholes here:

1) buyer not paid, u take time to follow and claim to ebay, ebay will lengthen the procedure to claim your right. your item needs to hold for at least a period of time for the buyer decision!!!
2) buyer not paid still, u can leave him negative feedback, u dream!!
, instead he can buy and leave u negative feedback
3) u post him the address not paypal registered address, paypal get involved , go ahead to check how they play the role as "mediator"!!!
even you write the terms and conditions clearly, seller still be the loser position.
4) if buyer use credit card to pay, chargeback fee is shocky!!!! deal you sell low price may lead you to lose money to the deal!!!
5)buyer collects your item and claim to paypal that he doesnt receive, paypal will ask "many many many" evidence you provide. if you want to sell your items wihtout using those "branded" international logistics corps....basically, u will be judged at lost position. many tricky buyers use this loophole to get things free because of paypal and ebay loopholes.

wanna know more, google online can find, just that novice needs to be suffered then will know what happen

we got few friends and entrepreneurials utilised ebay and paypal to do SME, at the end, lingering many hatred and unfair lost money cases.

ebay and paypal actually tailor the system platform at their favourite. many policies can really be quoted to those law students to do their FYP.

Hi,

You can't just looking at the exchange rate only, there are many hidden terms & conditions for Paypal. More T&C from Credit Cards. E.g. administrative fee/handling fees and so on.....and on.....

After adding the fees, and plus the exchange rate, the amount be charged are more than credit cards.

Besides, credit cards give points, discount, rebate, traveling millage to cardholder as benefits. If you use smartly, you safe a little from spending.

Paypal don't really give any benefits as mentioned, but many limitations, and taking back the money from Paypal also there is a minimum amount in your a/c, before you could withdraw money or refund & etc.

After using Credit Cards and/vs Paypal, CREDIT CARDs are BETTER then lousy Paypal..... *PayPal sucked blood as per previous personal experienced

You must really consider to use online payment wisely!

Not answering the question.

Grade: F

Repeat your semester.