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Do you consider exchange rates before making online payment?
Posted by Ismailn7733 • 2/04/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: exchange rate, online bank transfer, online purchase, payment, paypal
Do you consider exchange rates before making online payment?
Read: passionateaboutblogging.com/blogging-tips/passionate-about-blogging-l-makin... to understand what I mean.
Thank You.
User Comments
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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.
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