i thought paypal currency exchange rate is very low?Thaiclan wrote:Have you checked out paypal? You can send money for free - although there may be a limit. Check out paypal.com
The only way to find out is to ask the bank. They will definitely charge you commission for converting SGD to pesos, and probably charge you again for transferring it out of Singapore into the Phils.revolta wrote:if i open account with Philippine National Bank in singapore, and deposit money inside. then call my friend to withdraw the money from Philippine National Bank in Philippine. will the exchange rate given by Philippine National Bank higher then singapore bank?
There's an issue regarding Paypal in the Philippines. There are limitations. Please see the link below:AdamC wrote:Paypal is good. however, there's a limit. You need to understand the Paypal manual, there's a way to play around with it.![]()
AdamC wrote:may i know the purpose of the transaction?
if its meant for business funding I would not suggest remit-centre cos of the risk.
Any forgien banks operating in need to follow the R&R under MAS. It doesnt matter phili's bank or what. Cos, when You convert, it is still converted using local charges/rate.
Paypal is good. however, there's a limit. You need to understand the Paypal manual, there's a way to play around with it.![]()
Escrow or something... but risky.
Overall, I believe the best is to go tru banks, You might need to do calculation on how to beat around. The diff if You send to phil's banks from local. & if You do a peso deposit tru a bank.![]()
Hope that helps.
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