Feb 4 2020, 04:45 PM
QUOTE(Confused1994 @ Feb 4 2020, 11:11 AM)
Dear members here, I'm here seeking for an advice.
I have been playing a game and earning virtual currency. Usually what I will do is sell the virtual currency in local market however I've found that if i sell them overseas, I'll make more money.
So here's the issue, I sell about 250 USD per month and the buyer will transfer the money to my paypal. Bear in mind that 250 USD in inclusive of transaction fees as well. My concern here is, paypal is relatively giving me low currency exchange being 100 USD to 399.20 MYR. While google is telling me 100 USD to 412 MYR.
My concern here is, since the conversion rate is bad in paypal, should i open a foreign currency account here? Or is there any other way for me that would reduce the loss on currency exchange?
If there are any details needed, probably i'll be making 2 transaction per year about 1500 USD each time.
Use PayPal transfer USD to transferwise, then use transferwise bank in converted MYR into local bank.I have been playing a game and earning virtual currency. Usually what I will do is sell the virtual currency in local market however I've found that if i sell them overseas, I'll make more money.
So here's the issue, I sell about 250 USD per month and the buyer will transfer the money to my paypal. Bear in mind that 250 USD in inclusive of transaction fees as well. My concern here is, paypal is relatively giving me low currency exchange being 100 USD to 399.20 MYR. While google is telling me 100 USD to 412 MYR.
My concern here is, since the conversion rate is bad in paypal, should i open a foreign currency account here? Or is there any other way for me that would reduce the loss on currency exchange?
If there are any details needed, probably i'll be making 2 transaction per year about 1500 USD each time.
Quote
0.0162sec
0.11
7 queries
GZIP Disabled