Used XE Trade for International money transfers?

IVI on 08/06/2012 - 13:15

So, I'd like to buy US$978 (incl S+H) worth of goods from HK… but the amount is -so- close to the Customs & GST limit of Au$1000,
that - with another in drop in the Aussie's value - my purchase amount (iN Au$'s) might hit the taxable band. :-(

XE.com says I'm safe today… but PayPal doesn't do the exchange when I hit <Pay'em>
so there's risk that I could get hit with duty + GST.

While last at XE.com, I noticed that they do transfers, presumably using their own rates(?).

Has anyone here used them to transfer money to HK?

Is there a better way to make such transfers?

TIA

Financial

Comments

  • josh9787 on 08/06/2012 - 14:02

    convert your funds to US dollars in paypal. so your ready to send in same currency any time.

    • IVI on 08/06/2012 - 16:44

      That solves part of the problem (ie, the Customs/GST limit), but there's another:

      I want to get a -better- exchange rate that PayPal gives, in my experience.

      PS Does PayPal -automatically- use US$ if you have enough in your US$ acc't with them?

  • komododragon on 08/06/2012 - 14:34
    -1

    -deleted-

  • No on 08/06/2012 - 16:53

    It doesn't matter what conversion rate you paid. It is worked out on the official HKD to AUD rate on the day your parcel is sent not what your credit card company or paypal charged you.

    Read the "What do I need to clear my goods" part here:

    http://www.customs.gov.au/webdata/resources/files/importingg…

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