海外充 vs Liberty Reserve + Gold2Ex Case Studies

Someone posted a question in my comment and wanted to find out the difference in amount when using the two method I mention in my previous post.

• Method 1 .海外充 www.cnalipay.com + PayPal www.paypal.com  vs
• Method 2. Liberty Reserve + Gold2Ex 黄金网币兑换中心

in my previous article title: Transfer or add money to AliPay (支付宝) outside China. Below a quick comparison shown potential saving using second method.

Disclamer: Below are based on my best effort and knowledge, I shall hold no responsibilities for any error and mistake.

Case Studies: Trnasfer RMB5,000 to 支付宝 www.alipay.com from Malaysia.

Method 1 – Simple but expensive

1. Buy 10 x RMB500 reload card (海外充一卡通500元)
2. You need to pay USD913.50 via PayPal
3. Based on my last PayPal transaction dated 26-Jun-09, exchange rate for 1 Malaysian Ringgit = 0.2756662 U.S. Dollars
4. USD913.50 = RM3,313.84

Method 2 – More steps but cheaper (you need to be verified alipay member 认证用户)

1. Check out the exchange rate for LR –> alipay in Gold2Ex . You need to add in USD2.99 LR fees and 0.5% (Max RMB25) alipay fees. Alipay currently having promotion, after that the rate will be 1% (Max RMB40). Check out this link for details.
2. For RMB5,000 + RMB25 I need LR 734 + LR2.99. Based on 1:6.85 exchange rate.
3. Using Entelnova Global service, as at 4th July the Exchange Rate are 1 LR.USD = RM3.65
4. Estimated total payment in Ringgit Malaysia will be RM2,690.05