Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




23003 posts

Uber Geek

Trusted
Subscriber

#55321 29-Dec-2009 22:08
Send private message

A loaded card is a ripoff because they add 3.5% currency conversion charges and charge you $1 each time you top it up. I cant get a real credit card at the moment due to no income they will count.

Is there any other ways to fund paypal directly? At the moment I am giving cash to my friend who sends me money from his business paypal since that is cheaper than withdrawing it to an account, but my spending exceeds the few people that use visa to pay the online store, so any other alternatve ways? Was hoping I could just set them up as a bill payment on my bank but they dont have one for paypal.




Richard rich.ms

Create new topic
1252 posts

Uber Geek


  #285941 29-Dec-2009 22:20
Send private message

Can you not get a visa debit card linked to your bank account? most banks now offer them - here is the kiwibank offering

http://www.kiwibank.co.nz/personal-banking/ways-to-bank/atm-and-eftpos/visa-debit-card.asp

You wouldn't need to verify any income as it's all simply linked to your debit account so if you don't have the money you can't use it.

You can't get away from international tranaction fees - they are a rip off no matter what the card



23003 posts

Uber Geek

Trusted
Subscriber

  #285947 29-Dec-2009 22:29
Send private message

Bank direct dont offer one and I am not keen to change bank at the moment particually to kiwibank.

Ideally I was hoping there was non creditcard way to do it since it seems stupid to be charging things like that back to a visa when there is no real reason for them to be involved.




Richard rich.ms

 
 
 
 


3124 posts

Uber Geek

Trusted
Subscriber

  #285950 29-Dec-2009 22:35
Send private message

The only other way would be wire transfer, and that would be even worse than the Visa. Pretty much everyone charges 3.5% in currency conversion fees, and it's even more expensive to let PayPal charge you in NZ dollars (seriously, they use the most favourable rate to them that they can - sometimes they'll take 25 minutes to update for a new rate, and sometimes they'll take 3 weeks).




I finally have fibre!  Had to leave the country to get it though.




23003 posts

Uber Geek

Trusted
Subscriber

  #285953 29-Dec-2009 22:39
Send private message

loaded put the 3.5% ontop of the crap rate so it works out to be about 5% depending on things. when I have done the paypal doing the conversion they have been more reasonable.

For some reason with a loaded card I dont get the option of having paypal convert, yet with the friends visa from asb there was the option when buying.




Richard rich.ms

3124 posts

Uber Geek

Trusted
Subscriber

  #285956 29-Dec-2009 22:45
Send private message

If you're set on BankDirect, you might find it a better deal to transfer to ASB Bank - it's the same company so you're essentially still with the same people, and they have a Visa Debit card too:

https://www.asb.co.nz/personal/credit-cards/visa-debit-card/visa-debit-card




I finally have fibre!  Had to leave the country to get it though.


96 posts

Master Geek


  #285965 29-Dec-2009 23:29
Send private message

there is a way to connect you bank account directly to paypal I know a few guys who done it, have a look in a paypal account setting there should be instructions on how to do it. In my case I have a credit card connected to paypal But iremember considering connecting a bank account at one stage. You may have to upgrade your paypal to business or premium account the upgrade is free

3124 posts

Uber Geek

Trusted
Subscriber

  #285970 30-Dec-2009 00:04
Send private message

Aye Casper, but that's only for withdrawing money from PayPal, as NZ banks do not have any functionality except Direct Debit for drawing money from an account, whereas US banks allow ACH withdrawals without much more than the name and account number. You can't fund PayPal from a NZ bank account.




I finally have fibre!  Had to leave the country to get it though.


 
 
 
 




23003 posts

Uber Geek

Trusted
Subscriber

  #285972 30-Dec-2009 00:11
Send private message

Yeah, I was hoping they had an account that you can put money into which would show on the paypal account as available funds. Seems they are ignoring NZ since we dont do too much thru ebay here thanks to trademe owning the local market and not many people going to ebay to buy things.




Richard rich.ms

3124 posts

Uber Geek

Trusted
Subscriber

  #285973 30-Dec-2009 00:19
Send private message

Oh, it's not because of Trademe, it's because PayPal likes all funding methods to be ones they can charge at will - not ones that require permission. So they won't even consider supporting NZ direct debits (you can cancel? How quaint!) until we get something like US ACH where they can just go "$300 thanks. Reason? Why should we?" as they can here with credit cards.

You really don't want PayPal having direct access to your cash. There are so many horror stories about it.




I finally have fibre!  Had to leave the country to get it though.




23003 posts

Uber Geek

Trusted
Subscriber

  #285980 30-Dec-2009 00:43
Send private message

Well they are the best way to pay online, till they get some cheaper way to get money into it they are just not that viable IMO, they should be going for it so that they dont have to pay the merchant fees and can pocket the difference with what they give the sellers on there.




Richard rich.ms

3124 posts

Uber Geek

Trusted
Subscriber

  #286011 30-Dec-2009 09:32
Send private message

A PayPal conversion on a bank supplied card is always less favourable than eating the 3.5% currency conversion fee. It's only on cards with extra fees where it becomes viable to let PayPal do it.




I finally have fibre!  Had to leave the country to get it though.


adw

175 posts

Master Geek


  #286247 31-Dec-2009 11:01
Send private message

Do you have to use PayPal for what you are doing - have you considered the NZ alternative of PayMex (www.paymex.co.nz)?



23003 posts

Uber Geek

Trusted
Subscriber

  #286305 31-Dec-2009 19:26
Send private message

ebay sellers are usually paypal only. so yeah, has to be paypal




Richard rich.ms

Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

New Vodafone mobile data plans with unlimited data
Posted 26-Feb-2020 06:55


Vodafone launches innovation initiatives to help businesses use 5G
Posted 26-Feb-2020 05:00


Ultimate Ears HYPERBOOM brings massive sound and extreme bass
Posted 25-Feb-2020 09:00


Withings launches three new devices to help monitor heart health from home
Posted 13-Feb-2020 20:05


Auckland start-up Yourcar matches new car buyers with dealerships
Posted 13-Feb-2020 18:05


School gardens go high tech to teach kids the importance of technology
Posted 13-Feb-2020 11:10


Malwarebytes finds Mac threats outpace Windows for the first time
Posted 13-Feb-2020 08:01


Amazon launches Echo Show 8 in Australia and New Zealand
Posted 8-Feb-2020 20:36


Vodafone New Zealand starts two year partnership with LetsPlay.Live
Posted 28-Jan-2020 11:24


Ring launches indoor-only security camera
Posted 23-Jan-2020 17:26


New report findings will help schools implement the digital technologies curriculum content
Posted 23-Jan-2020 17:25


N4L to upgrade & support wireless internet inside schools
Posted 23-Jan-2020 17:22


Netflix releases 21 Studio Ghibli works
Posted 22-Jan-2020 11:42


Vodafone integrates eSIM into device and wearable roadmap
Posted 17-Jan-2020 09:45


Do you need this camera app? Group investigates privacy implications
Posted 16-Jan-2020 03:30



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.