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> PayPal discussion thread, No PayPal fund sales allowed!

4ZeN
post Aug 12 2010, 12:16 AM

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hi they all sifu , i need some help on paypal

i m planning to get MOL Paypal to link to my Paypal acc , i want to buy somethings from Alibaba China , can anyone tell me what will be the fees like from Mol Paypal to Paypal then to the Seller Paypal acc in china , lets say is a USD100 items i would like to know all the fees thats is going to be charge to me ,thanks

and is this wise or ther are other ways to save cost (the china seller ask me to add 5% handling fee if use via paypal is this true?)
4ZeN
post Aug 12 2010, 11:14 AM

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Thanks Bro takuya999 for the reply and info...

still need somemore details coz this the 1st time using Paypal haha

(Mol Paypal should be the same as Paypal right?)
-Mol Paypal is a prepaid/Debit Visa Card from MOL,is like Mol Freedom Mastercard

(As for sending USD to China (or other countries), the fees is 3.9% + USD0.30. (if DID NOT mark as personal payment) and this fee is charged to SELLER.)
-Thats mean USD100 x 3.9% + Usd 0.30 =Usd4.20 and this is to be paid by the seller side not me as the buyer side right?

(The seller have to right to charge any handling amount they wish for. It is up to you as the buyer to accept or not.
The 5% he / she charges maybe is to cover the above charges.)
- Understand ! nod.gif

(Furthermore, if China users want to withdraw USD to their china bank account (exchange to RMB), they are charge like USD35 per transaction!)
-ohh my thats alot doh.gif ,but not my problem right.. sweat.gif

(A word of caution though, some Alibaba users are scammers. But most of them are genuinie. Have to becarefu!l)
-thats for the advise , i will be caution above it ... icon_rolleyes.gif

question 1:
do i need to make funds transfer from my Visa debit card to my paypal acc to do this payment or not ?or it will automatic deduct from my debit card?

question 2:
what will paypal or debit card charge me to do this payment?

question3:
my debit card is in RM to convert to USD will they be a fee for it and how is it calculate?

Thanks thumbup.gif




4ZeN
post Aug 12 2010, 02:13 PM

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Thanks to all again,

Q3 - You will be charged 2.5% currency conversion fee by Paypal on top of the exchange rate. For more information, check Paypal's Currency Conversion and Fees pages.

sample : USD 100 x 3.210 (currency rate)= RM 321.00

then RM321.00 x 2.5% (currency conversion fee) = RM 8.025


is this how it been calculate or how ? i would like to know how it works

Thanks

 

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