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Author Topic: payment options  (Read 2657 times)

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« on: January 27, 2009, 03:56 »
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I was wondering if someone could explain the costs/fees for paypal payment converting to Australian Dollars and comparision to receiving via check.


« Reply #1 on: January 27, 2009, 04:02 »
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there shouldn't be any fees for receiving paypal and there are no fees for withdrawing the money either.  The only negative with paypal is the poor conversion rate.  It is generally around 2% worse than the actual exchange rage. ... but this may be true when you convert your check at the bank as well, not to mention bank fees for a foreign check and the pain of going to the bank with a check etc.

« Reply #2 on: January 27, 2009, 20:15 »
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I can request payout from multiple agencies, stockpile them up, convert and then withdraw right ?

The money arrives in Paypal in US dollars and sits there in US dollars till I convert it right ?

I'm assuming this is better than multiple checks where I have to pay fees on each one.

« Reply #3 on: January 27, 2009, 20:35 »
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I can request payout from multiple agencies, stockpile them up, convert and then withdraw right ?

The money arrives in Paypal in US dollars and sits there in US dollars till I convert it right ?

I'm assuming this is better than multiple checks where I have to pay fees on each one.

definetly.  paypal is no fees and they give a better exchange rate than either the CBA or the NAB. and like you say, pile it and pick the days to convert ($1.475 yesterday :))


 

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