Using Paypal From Thailand

[Rossi]

My wife wants to open a Paypal Account. As she (and me too) has only Thai residency, every transaction will be charged 3,9% (she will no get enough revenues to get the slightly better merchant conditions and almost all payments will come from outside the country). Withdrawl will only be possible to an US account or a Thai account, as other accounts are not supported with Thai residency. The Problem here is, that if she sends the money to her Thai bank account, the exchange rate that PayPal will take just ridiculous! Are the possibilities for Thai residents to get a kind of multi currency account in the US, so that she can withdrawl the different currencies directly to an US account without having to exchange anything at PayPal?

What way are you handling this problem? I know that there are other possibilities to get payments like e.g. worldpay, but most user will choose PayPal, so this is not really an option...

Rossi

[JetsetBkk]

I don't have a PayPal account, but I keep getting these types of email from 'them':

Dear valued PayPal® member,

We recently reviewed your account, and suspect that your PayPal account may have been accessed by an unauthorized third party. Protecting the security of your account and of the PayPal network is our primary concern.

Therefore, as prevention measure, we have temporarely limited access to sensitive PayPal account features.We encourage customers to get their information up-to-date and change password often.

PayPal has assigned you an unique tracking number.

Unique tracking number :

7976019

Please review your information after loging in. Use only your assigned unique URL.

Click this link to access your unique URL (! please read below for security tips) and gain full access:

https:// www.paypal.com/cgi-bin/webscr?cmd=_login-run

PayPal is constantly working to ensure security by regularly screening the accounts in our system. We recently reviewed your account, and we need more information to help

How can I restore my account access?

Click Here, login and complete the next step to "Remove Limitations."

Completing all of the information required will automatically restore your account access.

[NanLaew]

I don't have a PayPal account, but I keep getting these types of email from 'them':

Dear valued PayPal® member,

We recently reviewed your account, and suspect that your PayPal account may have been accessed by an unauthorized third party. Protecting the security of your account and of the PayPal network is our primary concern.

Therefore, as prevention measure, we have temporarely limited access to sensitive PayPal account features.We encourage customers to get their information up-to-date and change password often.

PayPal has assigned you an unique tracking number.

Unique tracking number :

7976019

Please review your information after loging in. Use only your assigned unique URL.

Click this link to access your unique URL (! please read below for security tips) and gain full access:

https:// www.paypal.com/cgi-bin/webscr?cmd=_login-run

PayPal is constantly working to ensure security by regularly screening the accounts in our system. We recently reviewed your account, and we need more information to help

How can I restore my account access?

Click Here, login and complete the next step to "Remove Limitations."

Completing all of the information required will automatically restore your account access.

You are being 'phished' by someone wanting to steal the identity of a PayPal account. If your ISP or email service permits reporting and/or blocking, go ahead and do so.

If you mouse-over the links in the original messages, they invariably will show non PayPal URL's

[mikethevigoman]

I don't have a PayPal account, but I keep getting these types of email from 'them':

Dear valued PayPal® member,

We recently reviewed your account, and suspect that your PayPal account may have been accessed by an unauthorized third party. Protecting the security of your account and of the PayPal network is our primary concern.

Therefore, as prevention measure, we have temporarely limited access to sensitive PayPal account features.We encourage customers to get their information up-to-date and change password often.

PayPal has assigned you an unique tracking number.

Unique tracking number :

7976019

Please review your information after loging in. Use only your assigned unique URL.

Click this link to access your unique URL (! please read below for security tips) and gain full access:

https:// www.paypal.com/cgi-bin/webscr?cmd=_login-run

PayPal is constantly working to ensure security by regularly screening the accounts in our system. We recently reviewed your account, and we need more information to help

How can I restore my account access?

Click Here, login and complete the next step to "Remove Limitations."

Completing all of the information required will automatically restore your account access.

These are called phishing emails, delete and ignore, its probably from nigeria,

[mikethevigoman]

My wife wants to open a Paypal Account. As she (and me too) has only Thai residency, every transaction will be charged 3,9% (she will no get enough revenues to get the slightly better merchant conditions and almost all payments will come from outside the country). Withdrawl will only be possible to an US account or a Thai account, as other accounts are not supported with Thai residency. The Problem here is, that if she sends the money to her Thai bank account, the exchange rate that PayPal will take just ridiculous! Are the possibilities for Thai residents to get a kind of multi currency account in the US, so that she can withdrawl the different currencies directly to an US account without having to exchange anything at PayPal?

What way are you handling this problem? I know that there are other possibilities to get payments like e.g. worldpay, but most user will choose PayPal, so this is not really an option...

Rossi

Its difficult one, paypal are a nessesary evil ,.i have a uk paypal account and we have one in thailand in my wifes nme attaced to a thai bank, it all works fine, however the last transfer we did we got 63 baht to the pound,. there isnt really a way round it apart from sending it to another uk or usa account, or as in my case i find something to buy on ebay with it !

[LinkPopularity]

My wife wants to open a Paypal Account. As she (and me too) has only Thai residency, every transaction will be charged 3,9% (she will no get enough revenues to get the slightly better merchant conditions and almost all payments will come from outside the country). Withdrawl will only be possible to an US account or a Thai account, as other accounts are not supported with Thai residency. The Problem here is, that if she sends the money to her Thai bank account, the exchange rate that PayPal will take just ridiculous! Are the possibilities for Thai residents to get a kind of multi currency account in the US, so that she can withdrawl the different currencies directly to an US account without having to exchange anything at PayPal?

What way are you handling this problem? I know that there are other possibilities to get payments like e.g. worldpay, but most user will choose PayPal, so this is not really an option...

Rossi

well, unless you're able to open an account in the US or any other country; meaning if you know and trsut somebody there who can do it for you, then there's no way to escape the indeed disgusting bad currency rates PayPal charges you on top of the 4,10% fee.

you'll need an US credit card to get your money to the US bank !

[KaronSteve]

My wife wants to open a Paypal Account. As she (and me too) has only Thai residency, every transaction will be charged 3,9% (she will no get enough revenues to get the slightly better merchant conditions and almost all payments will come from outside the country). Withdrawl will only be possible to an US account or a Thai account, as other accounts are not supported with Thai residency. The Problem here is, that if she sends the money to her Thai bank account, the exchange rate that PayPal will take just ridiculous! Are the possibilities for Thai residents to get a kind of multi currency account in the US, so that she can withdrawl the different currencies directly to an US account without having to exchange anything at PayPal?

What way are you handling this problem? I know that there are other possibilities to get payments like e.g. worldpay, but most user will choose PayPal, so this is not really an option...

Rossi

Is it possible to open a US $ account in a Thail registered bank such as HSBC, Citibank or even Siam Commercial, have it paid into that as US$ and then you decide when to convert to baht?

[TopDogger]

Any withdrawls you do to banks in Thailand will be in baht.

[stevemiddie]

Any withdrawls you do to banks in Thailand will be in baht.

The lousy exhange rate that Paypal converted at plus the ridiculous commission are the reasons i stopped using them for our Ebay sales.

We use www. moneybookers now. And you can attach that to a Thai account. Good rates and a good company.