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
- Buy 10 x RMB500 reload card (海外充一卡通500元)
- You need to pay USD913.50 via PayPal
- Based on my last PayPal transaction dated 26-Jun-09, exchange rate for 1 Malaysian Ringgit = 0.2756662 U.S. Dollars
- USD913.50 = RM3,313.84
Method 2 – More steps but cheaper (you need to be verified alipay member 认证用户)
- 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.
- For RMB5,000 + RMB25 I need LR 734 + LR2.99. Based on 1:6.85 exchange rate.
- Using Entelnova Global service, as at 4th July the Exchange Rate are 1 LR.USD = RM3.65
- Estimated total payment in Ringgit Malaysia will be RM2,690.05