Popular Post MRToMRT Posted November 12, 2021 Popular Post Share Posted November 12, 2021 This must be the death of PayPal in Thailand, pity. 3 Link to comment Share on other sites More sharing options...
Popular Post NanaSomchai Posted November 12, 2021 Popular Post Share Posted November 12, 2021 1 minute ago, MRToMRT said: This must be the death of PayPal in Thailand, pity. POLICE STATE. If you're not seeing the changes, then... 6 1 Link to comment Share on other sites More sharing options...
Galong Posted November 12, 2021 Share Posted November 12, 2021 1 minute ago, MRToMRT said: This must be the death of PayPal in Thailand, pity. They are expensive to use. Thailand isn't putting them out of business... just guiding them towards the door. They can turn if they want. They have competition that is better. They could evolve with the times, but if they don't, so be it. ???? 2 Link to comment Share on other sites More sharing options...
Bagwain Posted November 12, 2021 Share Posted November 12, 2021 (edited) I opened my account 2010 & I operate from Thailand & linked to a Thai account! I haven't recieved any correspondence from PayPal as yet. I read the info on PP site and it seems that existing accounts are OK, but no new personel accounts will be accepted till relaunch in Feb. Seems it will be a nightmare to open with a company/business tho! Edited November 12, 2021 by Bagwain 1 1 Link to comment Share on other sites More sharing options...
Popular Post MRToMRT Posted November 12, 2021 Popular Post Share Posted November 12, 2021 12 minutes ago, Bagwain said: and it seems that existing accounts are OK OK till end of Q1 next year, After that business accounts only can accept incoming fund and new requirement is that all business accounts must have proof of Thai registration with Gov. All personal accounts will not be able to receive funds, Thats how I read it. 7 Link to comment Share on other sites More sharing options...
lujanit Posted November 12, 2021 Share Posted November 12, 2021 1 hour ago, SheungWan said: Just confirming. Only applies to Thai PayPal accounts? Accounts registered in UK and elsewhere unaffected. Yes? Or will Ppal block the use of these if currently staying in Thailand? I have an Oz PayPal account linked to an Oz bank account. Never been a problem. I have not received any email from PayPal. I always use a VPN using some overseas server. Changes all the time. Also never a problem using PayPal. I use Wise to transfer money to my KBank account here. 2 Link to comment Share on other sites More sharing options...
MrJ2U Posted November 12, 2021 Share Posted November 12, 2021 Really useful. But they have some high fees. 1 Link to comment Share on other sites More sharing options...
James105 Posted November 12, 2021 Share Posted November 12, 2021 1 hour ago, SheungWan said: Just confirming. Only applies to Thai PayPal accounts? Accounts registered in UK and elsewhere unaffected. Yes? Or will Ppal block the use of these if currently staying in Thailand? Think we will have to wait and see. Maybe its time to start firing up the VPN whenever I make my monthly login to PayPal to transfer the income to my UK bank account from my UK business PayPal account, although with these new regulations maybe PayPal could end up blocking VPNs as well to use their service if they want to avoid Thai residents getting around these new regulations. Link to comment Share on other sites More sharing options...
herfiehandbag Posted November 12, 2021 Share Posted November 12, 2021 2 hours ago, Keesters said: Losing the best consumer protection I've had since cancelling my Amex card some years ago. Now I'm down to Kasikorn virtual credit cards. I wonder how little consumer protection they give. Virtual I expect! 1 Link to comment Share on other sites More sharing options...
Popular Post mahtin Posted November 12, 2021 Popular Post Share Posted November 12, 2021 Not cancelling. Modifying. Only use mine for online payments. No change. 3 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted November 12, 2021 Popular Post Share Posted November 12, 2021 (edited) 2 hours ago, edwardFuture said: This is to discourage people working illegally here. I hope Wise follows too. For instance by allowing transfers from and to bank accounts under the same name only and with work permit. What do you have against people working here like digital nomads or those that own a business elsewhere and run it from here while collecting the payments elsewhere and then transferring the money back here to be spent. Its not money laundering.... Edited November 12, 2021 by ThailandRyan 7 1 Link to comment Share on other sites More sharing options...
MRToMRT Posted November 12, 2021 Share Posted November 12, 2021 If you go to the main international PayPal site you cannot even open an account in Thailand anymore. Link to comment Share on other sites More sharing options...
SomchaiCNX Posted November 12, 2021 Share Posted November 12, 2021 Never had an account, when I wanted one about 20 years ago, Paypal did not accept anyone living in THailand. Saved me a lot of time as I got my fare number of fake emails concerning paypal, easy to recognise when you don't have an account with them. Link to comment Share on other sites More sharing options...
mommysboy Posted November 12, 2021 Share Posted November 12, 2021 3 hours ago, cmsally said: Only affects Thai PayPal accounts. If you have a UK (or USA etc.) PayPal account you can still use it but if you need the money in Thailand you will have to find an alternative way to get it here. UK Paypal has its own international transfer option called Xoom). I don't know about US but I assume it's the same. 1 Link to comment Share on other sites More sharing options...
flexomike Posted November 12, 2021 Share Posted November 12, 2021 Won't be an cancelling mine, I beat them to the bunch and cancelled it myself - 555 1 Link to comment Share on other sites More sharing options...
bradiston Posted November 12, 2021 Share Posted November 12, 2021 4 hours ago, CrunchWrapSupreme said: I teach online and get paid with PayPal. Fortunately it's a US acct. Goes to my US bank, then here to my LOS bank with Wise. The online teaching company in their newsletter last week asked which other services we'd like to get paid with, I suspect that's related to this situation. You might want to take the 5th, but it seems your payments undergo two currency exchanges en route to their final destination. So why not pay straight into your Thai bank? Link to comment Share on other sites More sharing options...
Popular Post sometimewoodworker Posted November 12, 2021 Popular Post Share Posted November 12, 2021 4 hours ago, HighPriority said: But Wise DO offer a mastercard... Not if you have a Thai address/account it’s only available if you are a resident of UK, US, Australia, New Zealand, Singapore, Japan, Switzerland 4 Link to comment Share on other sites More sharing options...
Popular Post USNret Posted November 12, 2021 Popular Post Share Posted November 12, 2021 4 hours ago, SeaMike01 said: And what makes you think that 'Wise' won't have to adhere to Thai government requirements as well? Exactly. People are not reading the article carefully. This is not a “PayPal thing“; this is a change in Thai law which might affect all online financial services. 6 Link to comment Share on other sites More sharing options...
CharlieH Posted November 12, 2021 Share Posted November 12, 2021 A post in oversized and coloured fonts has been removed along with reply to it. 1 Link to comment Share on other sites More sharing options...
david555 Posted November 12, 2021 Share Posted November 12, 2021 This is a side effect because Thailand joins the OECD money reporting in 2023, but with test runs in 2022 I posted several warning post in the past Thailand preparing to join compleet the OECD money reporting in 2023 some laughed it away ..... "well your not laughing now anymore " (Nigel Farage famous line in E.U. parliament ???? ???? ) 1 1 Link to comment Share on other sites More sharing options...
kaneko86 Posted November 12, 2021 Share Posted November 12, 2021 Omg... Now all the prostitutes and online video/chat/onlyfan girls have to get a 13 digit business registration number or back to western union? Link to comment Share on other sites More sharing options...
itsari Posted November 12, 2021 Share Posted November 12, 2021 4 hours ago, edwardFuture said: This is to discourage people working illegally here. I hope Wise follows too. For instance by allowing transfers from and to bank accounts under the same name only and with work permit. OK, anyone foreigner residing in Thailand without a work permit can not make a foreign transfer from the same name bank account . I will reserve my judgment on that . 1 Link to comment Share on other sites More sharing options...
Ohyesuare Posted November 12, 2021 Share Posted November 12, 2021 3 minutes ago, kaneko86 said: Omg... Now all the prostitutes and online video/chat/onlyfan girls have to get a 13 digit business registration number or back to western union? Western Union has similar new regulations. Their pimps have partnered with other different online payment systems so they'll be just fine I think. Link to comment Share on other sites More sharing options...
malibukid Posted November 12, 2021 Share Posted November 12, 2021 5 hours ago, NanaSomchai said: Precisely. Technology evolves constantly. PayPal has ran it's course, it belongs to the past. Let it rot. PayPal was a money grab. 1 Link to comment Share on other sites More sharing options...
Popular Post CrunchWrapSupreme Posted November 12, 2021 Popular Post Share Posted November 12, 2021 35 minutes ago, bradiston said: You might want to take the 5th, but it seems your payments undergo two currency exchanges en route to their final destination. So why not pay straight into your Thai bank? Only one exchange, that of Wise. My online teaching company pays in USD, goes into my US bank. It's nice when the dollar is up against the baht. We nearly hit 34 last month. We can't go straight into the Thai bank, because of the topic of this thread. 3 Link to comment Share on other sites More sharing options...
Popular Post kuzie57 Posted November 12, 2021 Popular Post Share Posted November 12, 2021 From the email I received yesterday we have untill the 18 th. Feb . 2022 to withdraw all funds or supply business registration information to Pay Pal to continue to use the service. We are opting out. 3 Link to comment Share on other sites More sharing options...
tukadadoll Posted November 12, 2021 Share Posted November 12, 2021 It is all a numbers game, Individuals no longer count. I recently sent money from my bank in Aus to my PayPal account - it took 5 days. No one to talk to, no one to fix it just, "sorry your experience has not been bla bla bla ...... we apologise" from no-reply @paypal.com. Wise is less than sixty seconds to send money to Thailand although who knows in the future? 2 Link to comment Share on other sites More sharing options...
kingstonkid Posted November 12, 2021 Share Posted November 12, 2021 I find paypal good when I am buying something and do not want to use my credit card directly. Question though. Can gf register a personal business (Amazon or such) and get a business number therefore make paypal a useful way of collecting funds. What will businesses use in Thailand to collect payment from Thais Link to comment Share on other sites More sharing options...
NVass Posted November 12, 2021 Share Posted November 12, 2021 (edited) I wonder what all the gaming platforms are going to do! My Kids buy Robux and Vbucks using Mums Paypal (with her permissions) as they can't use my English Paypal. It's going to cost the companies some serious revenue unless they provide another payment route. Edited November 12, 2021 by NVass Link to comment Share on other sites More sharing options...
david555 Posted November 12, 2021 Share Posted November 12, 2021 (edited) 4 minutes ago, kingstonkid said: I find paypal good when I am buying something and do not want to use my credit card directly. Question though. Can gf register a personal business (Amazon or such) and get a business number therefore make paypal a useful way of collecting funds. What will businesses use in Thailand to collect payment from Thais "What will businesses use in Thailand to collect payment from Thais " You know ....Thai banks still exist ?...and very easy for Thais to have one or more ...???? ???? Edited November 12, 2021 by david555 Link to comment Share on other sites More sharing options...
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