Just paid a chinese supplier with paypal

[Bradd]

But the exchange rate on PayPal was 20 pound more than the google rate with todays date and time

[JamesNorth101]

That sounds about right

PayPal don't convert it for free, they charge 1% on top of their FX rates.

[wired]

and I bet the supplier charged you the paypal fees too!

[rsot]

NEVER allow PP to get involved in currency exchange - whether payment or bank withdrawal....their rates are despicable

[garry9061]

Originally Posted by rsot

NEVER allow PP to get involved in currency exchange - whether payment or bank withdrawal....their rates are despicable

Agreed, i always just let my bank do it.

[bluegrass1]

Yea i agree involving pp in payments to china are asking for problems ..

[wired]

There are no 'problems' using PP to pay suppliers in China at all.

There is a big cost implication, but they benefits can outweigh that cost.

[bluegrass1]

Originally Posted by wired

There are no 'problems' using PP to pay suppliers in China at all.

There is a big cost implication, but they benefits can outweigh that cost.

yea i made a 700 payment awhile ago to a china seller next morning payment under review then account was suspended .. Sooo

[wired]

Originally Posted by bluegrass1

yea i made a 700 payment awhile ago to a china seller next morning payment under review then account was suspended .. Sooo

Thats more to do with you, than the supplier.

[duffrageous]

I believe PayPal adds something like a 1% transfer fee to Chinese PayPals. They're currency is low enough with respect to most others', so you should be ok.

[wired]

They dont in the UK. Bare in mind this is a UK thread.

I pay all my suppliers in China with PP, no additional charge, just the extortionate exchange rates and usual PP fee.

[parsierngue]

Originally Posted by JamesNorth101

That sounds about right

PayPal don't convert it for free, they charge 1% on top of their FX rates.

Last I checked, PayPal charged almost 4% extra when compared to the "real" exchange rate. That's why so many people complain about it; were it only 1%, you would not hear about it quite so much.