md1101 Posted August 28, 2006 at 11:25 AM Report Posted August 28, 2006 at 11:25 AM An international money transfer costs a fair bit of money. Paypal, on the other hand, is free. I need to send some money to a person I know in China. If they have a paypal account, will they be able to convert the Australian money they recieve into renminbi? I don't think paypal deals in that currency except for paypal.com.cn but that cant deal with any foreign currency. So I guess this person would send the Australian money from their paypal account to their Chinese bank so the question is will the Chinese bank convert the money to renmibi for a Chinese citizens account? If anyone knows itd be of great help. The reason i ask is because i know China is quite strict in foreign currency exchanges. And remember individuals and enterprises are treated differently. Quote
Recommended Posts
Join the conversation
You can post now and select your username and password later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.