I use PayPal for business transactions here in Thailand, the fixed fee is 11bt per transaction plus the 4.4%. You would need to transfer minimum 5000bt from your Pay Pal account, to your Thai bank otherwise you incur a 50bt fee also.
You would need to wait about 5 days for funds to hit your Thai Bank account, once you have initiated the transfer from Paypal to your bank. You also have a poor conversion rate, from your currency to THB so I would not recommend PayPal..
Western Union is probably the better option now, as their conversion rate has improved greatly, compared to PayPals. They now have an online paying facility in Thailand, where as before you would need to go to an agent. You can send via western union direct to your bank here in Thailand, though I not sure if you can set up regular payments, so you may have to keep initiating the payment manually. When I did a WU transfer from the UK to my Thailand bank, I got the actual amount, without any hidden extras either side..
The WU current rate for your currency is 1.00 USD = 31.6276Thai Baht(THB) with no fees..
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PayPal--Fees and charges for Thai accounts
in Jobs, Economy, Banking, Business, Investments
Posted
I use PayPal for business transactions here in Thailand, the fixed fee is 11bt per transaction plus the 4.4%. You would need to transfer minimum 5000bt from your Pay Pal account, to your Thai bank otherwise you incur a 50bt fee also.
You would need to wait about 5 days for funds to hit your Thai Bank account, once you have initiated the transfer from Paypal to your bank. You also have a poor conversion rate, from your currency to THB so I would not recommend PayPal..
Western Union is probably the better option now, as their conversion rate has improved greatly, compared to PayPals. They now have an online paying facility in Thailand, where as before you would need to go to an agent. You can send via western union direct to your bank here in Thailand, though I not sure if you can set up regular payments, so you may have to keep initiating the payment manually. When I did a WU transfer from the UK to my Thailand bank, I got the actual amount, without any hidden extras either side..
The WU current rate for your currency is 1.00 USD = 31.6276 Thai Baht (THB) with no fees..