Paypal China and the World
Paypal is coming to China and as always it is going to be the Chinese way. Because China is different. On the Chinese paypal pages you have two sweet maps to illustrate the difference.
Screendump of the translated page (thanks to Paymentnews.com )
You have paying in China in Renminbi and of course you can also participate in the “rest of the world” version. God forbid there would be some money going out of China in a structered way.
As an aside, both mentioned sites are unavailable in Shanghai thanks to the Chinese wall. Apparently news about money and the option of translating a page is too much.
July 22nd, 2005 10:33
Yep looks a bit weird to have the layout like that…
December 28th, 2008 10:23
We are frequently working with freelancer or agencies in China and it seems many of them can not (or refuse to) accept Paypal.
October 28th, 2009 12:42
We’re in China and gladly accept PayPal all the time, withdraw fees are $35 though and both your credit card and bank account need to be denominated in US dollars. PayPal does no CNY transactions at all, they even once declined my credit card for insufficient funds with 5,000 RMB available, phoned the bank - wrong currency, must be US dollars, so the bank borrowed me some US dollars