sold things on YJA, would like to know way to get money back

[theultimatebrucelee]

recently I sold some stuff on YJA through a proxy seller in Japan. I was wondering if anyone know a way for the proxy agent to sent me the money without me being charged too much. they don't know my bank account and I don't wanna give it to them since there a very small agency with no rep.

is there a way for them to send me the money through paypal, but without paypal having to charge me 4% fees for it? currency doesn't matter but in dollar would be nice, however fee is my biggest concern.

anyone any idea&exp regarding this?

[pixie_princess]

maybe marking it as 'personal' and 'gift' ?

[theultimatebrucelee]

eh, how much would paypal charge if that's the case?

[ginga123]

As far as I know, if it is marked 'personal', 'gift', or 'cash advance' the fee is either waived or very minimal-- 1-2%. I'd choose 'personal' if i were you.

[theultimatebrucelee]

I see, would it matter if its USD or Yen? will paypal charge extra if they took the yen and exchanged it to $ through paypal and then send it to me?

[Shampoo]

Last time I sold items on yhj they did take out
a exchange fee from the total for converting foreign currency
to your domestic.
So yes, they will charge for changing the yen to USD.
As for how much I have no clue!
This was years ago so I dont know what their new policy
is. But having the deputy send it to you as 'gift' under personal
tab should curb the 4% fee at least.

[theultimatebrucelee]

alright, then I'lll go with "gift". wonder if theres a way for them to exchange the amount from yen to dollar in the bank before sending it through paypal, since the bank exchange rate seems higher then paypal.

[iceman57]

alright, then I'lll go with "gift". wonder if theres a way for them to exchange the amount from yen to dollar in the bank before sending it through paypal, since the bank exchange rate seems higher then paypal.

Paypal rate is always different from central banks official rates.
Generally minus 3 or 4 yens from the official conversion rate

[theultimatebrucelee]

in that case I should prably get the money in yen and then withdarw them and exchange to $ in my bank, wonder how that would workout, hopefully the bank won't charge me for it

[Shampoo]

Like iceman mentioned above, you will get 3-4 yen pulled
out of the amount depending on the bank.
Whether Japanese or U.S., the banks will deduct 3- to sometimes
5 points from the actual yen exchange.

So say if the yen exchange is 93, you will be charge 4 yen, so really
your getting back 89 yen to a dollar.

Theres no way around it. Banks charge a currency conversion.
Traveler's cheques use to charge only 3 yen, which is why
I use to use them exclusively for my trips to Nippon.
But now they dont even do that anymor- they charge 4-5yen.

[iceman57]

Like iceman mentioned above, you will get 3-4 yen pulled
out of the amount depending on the bank.
Whether Japanese or U.S., the banks will deduct 3- to sometimes
5 points from the actual yen exchange.

So say if the yen exchange is 93, you will be charge 4 yen, so really
your getting back 89 yen to a dollar.

Theres no way around it. Banks charge a currency conversion.
Traveler's cheques use to charge only 3 yen, which is why
I use to use them exclusively for my trips to Nippon.
But now they dont even do that anymor- they charge 4-5yen.

Yup, exactly, but by postponing the payment due date, accordingly to actual ECB curves, UltimateBruce may save a bit...

http://www.ecb.int/stats/exchange/eurof ... py.en.html

If he waits till end of month, JPY will normally reach 130-132 (sorry I use EUR curves as reference), minused by the classic paypal fee, they'll use a currency convertion with something like 127, better than the actual 122

[theultimatebrucelee]

the exchange wouldn't help since I want $..but maybe that'd apply to $ as well, eh.

then what about withdraw yen and put them into bank, is there such an option? I'll just use the yens for japanese goods at least I can pay proxies with yen if they charge credit card, but then I wonder if bank would take japanese yen..

[klet]

Paypal will only let you withdraw money by sending it to your bank account, using it to buy something else, or having them send you a check. To get a check, it costs something like $5, and if it's in yen, your bank probably won't accept it. If the deputy sends the money in yen, and it's in yen in your paypal account, it'd probably be cheapest just to have paypal switch it over to yen and then deposit it in your bank account. That or pay Japanese sellers, I guess.


You wouldn't want them to wire money to your bank account, anyway. I have no idea if you can even do that in the US, and if you can, it'd be pretty expensive.

[theultimatebrucelee]

oh well, better off stick with yen&paypal then.

[iceman57]

Well, another trick is bank transfer (requires SWIFT + BANK NAME + BANK USERNAME + USER ACCOUNT) can sometimes be helpful but only on large amount because they charge a global fee on the operation.