hi all,

I wonder what is the best option for payment?

Paypal is fast but i notice that currency converting isn't good rate at all, there is a difference of $0.03 by using paypal currency calculator compare to the conversion rate listed on yahoo finance. I lost $30 if i had converted $1000 to local currency.

I am from an asia country with 30% tax from US sales.

after the tax, currency depreciation and paypal conversion..i am getting little.

Possible to share your experience especially from asia countries.

Is poor conversion rate because it is how the way paypal earns?

thank you.

what is the advantages of moneybooker? got to read..thanks!

anyone knows how to make the best out of payment method?

Hi Mr. Kang,

Try moneybookers!!!
https://www.moneybookers.com/app/?rid=4101062

Cheers!

Try moneybookers!!! is super!

I'm using moneybookers, it's great and no problems so far.

USD or Euro is converted by your local bank. Marginally better than PayPal

i browse around the moneybookers, but i wonder will it automatically converted the US dollars or EURO to my local currency? or it can stay as the paid currency just like in paypal?

Yes, once moneybookers wired the money to your local bank through an intermediary bank,
your local bank will automatically convert it to your local currency at prevailing rate. The rate is better than Paypal


 

so the currency will stay as it is in the moneybookers account until we convert it to local bank?

Quote from: williv on October 26, 2010, 05:00

USD or Euro is converted by your local bank. Marginally better than PayPal

Quote from: mtkang on October 26, 2010, 04:31

i browse around the moneybookers, but i wonder will it automatically converted the US dollars or EURO to my local currency? or it can stay as the paid currency just like in paypal?

Any agencies that sent your payout in USD, it will stay as it is until you withdraw it to your local bank.
In your case, you might need to wait for favorable exchange rate offered by your local bank before withdrawing.
 

i read something in moneybooker, it seems a change of currency is not possible?

For examples if shutterstock send me US$100, will moneybookers convert it once it is received? or it will stay as US$100 only till i withdrawn it to my bank?

paypal does let the currency stays as it is, it is useful that u can pay something online or wait for a better conversion rate.


Can I change the currency of my Moneybookers account?
Once your account has been opened, a change of currency is not possible unless your transaction history is empty. If this applies to you, you should go to the Messaging Centre: �My Profile� > �I want to change the currency of my Moneybookers account�.

hi williv, thanks for your reply.

So do we need to set our curreny in MB as US dollars or we can set it as our local currency? how about EURO? in paypal the EURO and US will remain as the currency till I transfer to my local bank currency.

For example agency A send me US$100, and agency B send me EURO $100 to my MB, and my moneybookers currency is in local curreny let's say a malaysia bank Riggits.

So the US100 and EURO$100 will stay as it is in my MB accounts?

I notice in paypal case, the US$100 and EUR$100 do stall as it is till i withdrawn it to local bank.

sorry for many question because i just want to get it right, since MB told me that currency in my MB accounts can't be changed after transaction.

 

Any agencies that sent your payout in USD, it will stay as it is until you withdraw it to your local bank.
In your case, you might need to wait for favorable exchange rate offered by your local bank before withdrawing.
 

Quote from: mtkang on October 27, 2010, 05:00

i read something in moneybooker, it seems a change of currency is not possible?

For examples if shutterstock send me US$100, will moneybookers convert it once it is received? or it will stay as US$100 only till i withdrawn it to my bank?

paypal does let the currency stays as it is, it is useful that u can pay something online or wait for a better conversion rate.


Can I change the currency of my Moneybookers account?
Once your account has been opened, a change of currency is not possible unless your transaction history is empty. If this applies to you, you should go to the Messaging Centre: �My Profile� > �I want to change the currency of my Moneybookers account�.

mtkang, like I said:  "Unlike PP, you can not have balances in several currencies (...) ".  Any currency is converted to the currency of your MB account (UK pounds, in my case).

That's correct! So choose the currency of your choice wisely, Mr. Kang

mtkang, like I said:  "Unlike PP, you can not have balances in several currencies (...) ".  Any currency is converted to the currency of your MB account (UK pounds, in my case).

anyone know how to check the history of moneybookers account?

i got 1 payments last month and a payment today, but when i click history, it shows only today transactions. i do a search with date range but only got 1 transaction as results.

the balance is corrected, but how can we get a history of all the past transactions?

thanks.

I recently transfer some amounts from moneybookers to my bank, and i realize i was charge for around US$7-8 from the bank, for so called - Inward Telegraphic
Transfer.. it is the same charge i got, when one agency transferred $ directly to the bank.

While directly to the bank, i expect the charge..but do you get charged for something like that when you use moneybookers? i can't recall i saw the charge with paypal.

will send the bank an email...

oic..my bank account is a debit card as well..so i should have charged it to the debit card?

I didn't recall my bank charge me the Inward telegraphic fee for paypal to bank directly, or i just didn't remember it.

You can chose on MB if you want on VISA card or on bank account...
Bank charge fee to me only if I make payout on bank acc. but if money goes on VISA number they don't charge me anything..
So try to make payout on your VISA number....