Making The Most From Currency Exchange
If you want to sell or purchase goods or services online, I advise you to pay some attention to the currency rates before deciding on which paymet method to use. This will help you save some $ ….
There are many payment methods available online i.e credit cards (via Paypal or Google Check Out or Alert Pay, etc), Online Bank Transfer, e-gold and many more. Choosing your payment method correctly will definitely save you some $ especially through the currency exchange.
Let me illustrate you with the example below:
Recently I renewed my domain name registration with a local company in Malaysia. There are two methods of payment available i.e via online bank transfer and credit card (Paypal). For dot com domain the company charged me RM 35. Payment using bank transfer using local bank will be flat rate @ RM 35. No more, no less. So, I checked the other option available, i.e through Paypal (credit card/debit card). The company listed their rate at the website at RM 3 = USD 1, which means I have to pay about USD 12 (RM 36). I went to paypal and checked their rate and found that their rate is slightly lower. After doing some simple maths, I calculated that USD 12 is equivalent to about RM 29. So, which is the better option? Paypal or Online bank transfer?
I hope this information is useful for anyone wishing to sell or make a purchase online. Check out yourself. Have a great day!
- Passionate About Blogging
Ismail N..
Saja jarang beli barang secara online.. Pernah sekali dua..itu pun beli barang dgn kawan-kawan yang kenal aje dan bayaran diorang minta secara cash deposit..hehehe..
Anyway, it’s a very useful information indeed. I’ll make a point next time I purchase something online.. Thank you very much.
Ismail N: Thank you. Glad to know that this info is useful to u. Jgn takut-takut purchase online. Selamat tu. Kalau x confident, jangan guna credit card tapi debit card. Isi cukup2 aje.
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Nice writing style. Looking forward to reading more from you.
Chris Moran
Ismail N: Thank you.
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wah masih was -was juga kalo beli barang secara online
Ismail N: Kalau risau pakai debit card. Isi cukup2 aje. ok.
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Ho ho…Tie tak pernah beli online ni… duit elaun pun cukup makan je..hi hi..
Tapi ini satu info yang bagus, sekurang2nya makcik ni lebih pandai sikit dari semalam…he he….
Ismail N: Makcik pandai hal lain.
. Especially masak memasak. Kalau dia start bikin masakan, lapar perut saya di buatnya.
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Hi Ismail,
Thank you for your valuable tips.
Ismail N: Glad that u like it.
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pernah lg purchase guna kredit card or debit card..selalu bank in je.. kekdg takut..lgpun kne berlajar n usha org len wat..baru berani nk wat huhuuh
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Salam….
Lama tak update…
Harap2 family ok…….
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Beli barang secara online….erkk! takuttt….hehehe
wah! abg mail kita, lama tak nampak……heheheh
kali ni berwajah baru lak blog nie yea…cun la berbanding dulu….ade fening2 sikitlah ….
hehehhee
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paypal is better but bank will add some surcharge to our transfer and conversion of money..
Anyway .. follow the average of current rate before doing any transactions
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Lama tak masuk sini. Sekali masuk tengok dah berubah wajah pulak page ni..Semakin canggih..
Ismail, isteri dan anak-anak apa khabar agaknya? Lama tak nampak online. Sibuk barangkali ye.. Apapun..semoga sihat, selamat dan ceria selalu…
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saye ade akaun paypal register gune debit kad, tapi kenape baki duit kat dalam paypal x same mcm baki kat dalam debit kad? kompius la….. contoh mcm nie, dalam debit card ade dlm rm150, tapi baki dalam paypal still cume ade USD1.96, so kalo xde duit dlm paypal mcm ne nk bli barng secara online, btl x? akaun paypal da verified, sume da buat… tak tau ape problem la, pasal still baru lg dlm benda2 cenggini…
PAB: Baki dalam paypal tidak sama dengan debit card. Untuk menambahkan baki dalam akaun paypal, pindahkan wang dari debit card ke akaun paypal terlebih dahulu. Jika anda ada membuat sales melalui paypal, wang akan masuk ke akaun paypal dan tidak terus ke akaun debit card. Withdrawal perlu dibuat pula. Jika anda membuat bayaran menggunakan paypal, wang dalam baki akaun paypal akan digunakan terlebih dahulu. Jika tidak cukup, baru paypal akan debitkan akaun debit card anda pula. Terima kasih.
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If you have a moment Id like you to take a look at the new credit laws put into place in 2010 that will be affecting this article. Might consider revision.
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I have been involved in trading for in the area of 4 years so far and I am constantly looking for useful blogs and writings. This one totally rings a bell with me and I’m leaning toward reproducing it on my own blog. Do you give me your approval?
Ismail N: Sure.
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I have a preference for utilizing robotic systems myself, but I can definitely see the points you’re mentioning above. You have more background and better insights than the majority of the self-appointed gurus who are preaching about trading on the net. Thanks for the useful article.
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