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-   -   Just paid a chinese supplier with paypal (https://www.aspkin.com/forums/uk-ebay-paypal/105293-just-paid-chinese-supplier-paypal.html)

Bradd 02-19-2017 11:54 AM
Just paid a chinese supplier with paypal
 
But the exchange rate on PayPal was 20 pound more than the google rate with todays date and time

JamesNorth101 02-19-2017 11:56 AM
Re: Just paid a chinese supplier with paypal
 
That sounds about right

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

wired 02-21-2017 06:28 AM
Re: Just paid a chinese supplier with paypal
 
and I bet the supplier charged you the paypal fees too!

rsot 02-21-2017 07:02 AM
Re: Just paid a chinese supplier with paypal
 
NEVER allow PP to get involved in currency exchange - whether payment or bank withdrawal....their rates are despicable

garry9061 02-25-2017 05:03 PM
Re: Just paid a chinese supplier with paypal
 
Quote:
Originally Posted by rsot (Post 831741)
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 02-26-2017 09:55 AM
Re: Just paid a chinese supplier with paypal
 
Yea i agree involving pp in payments to china are asking for problems ..

wired 02-27-2017 10:37 AM
Re: Just paid a chinese supplier with paypal
 
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 03-01-2017 01:03 AM
Re: Just paid a chinese supplier with paypal
 
Quote:
Originally Posted by wired (Post 832971)
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 03-01-2017 12:29 PM
Re: Just paid a chinese supplier with paypal
 
Quote:
Originally Posted by bluegrass1 (Post 833321)
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 03-01-2017 02:58 PM
Re: Just paid a chinese supplier with paypal
 
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 03-02-2017 10:54 AM
Re: Just paid a chinese supplier with paypal
 
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 03-02-2017 01:13 PM
Re: Just paid a chinese supplier with paypal
 
Quote:
Originally Posted by JamesNorth101 (Post 831433)
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.


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