How Do You Pay for Online Purchases from Overseas?

OzFrugie on 13/04/2018 - 21:49
Last edited 13/04/2018 - 21:49

Hi all,

Just wondering if you purchase something online from overseas retailers, e.g. Banggood, Zapals, etc., where the currency is USD by default, how do you pay for them?
Do you pay using your credit card directly or via Paypal, but make sure that you use the credit card which won't charge you foreign transaction/conversion fee, e.g. 28 Degrees?

If you pay via Paypal but using credit card which has foreign transaction fee, but in Paypal, you choose AUD (i.e. Paypal do the conversion), will I get stung by the foreign transaction fee still?

Also, online retailers like The Iconic, ASOS, etc., where they are overseas retailer brands but they have Australian website with AUD as default currency, will you get stung by foreign transaction fee if you use credit card with the fee to pay for your purchases?

Just bit confusing how they all work.

Financial

Comments

  • Hotpotcorn on 13/04/2018 - 22:00
    +1

    commonwealth bank amex diamond awards credit card, no international fee

  • [Deactivated] on 13/04/2018 - 22:17

    citibank debit card

  • kerfuffle on 13/04/2018 - 22:21

    The Iconic is an Australian retailer …

    • OzFrugie on 13/04/2018 - 23:24

      OK, TIL

  • onthehunt on 13/04/2018 - 22:48
    +1

    Do you pay using your credit card directly or via Paypal, but make sure that you use the credit card which won't charge you foreign transaction/conversion fee, e.g. 28 Degrees? - I personally pay by paypal and use my visa which does not charge any international fees

    If you pay via Paypal but using credit card which has foreign transaction fee, but in Paypal, you choose AUD (i.e. Paypal do the conversion), will I get stung by the foreign transaction fee still? - before I had my visa, I would have paypal include the fee and I wouldn't be charged a fee with my bank

    Also, online retailers like The Iconic, ASOS, etc., where they are overseas retailer brands but they have Australian website with AUD as default currency, will you get stung by foreign transaction fee if you use credit card with the fee to pay for your purchases? - no you won't be stung with the foreign transaction fee as they are Aus websites

  • Gravediggaz on 13/04/2018 - 22:49

    Macquarie Bank debit card

  • teacherer on 13/04/2018 - 22:54

    Coles mastercard

    • OzFrugie on 13/04/2018 - 23:26

      no foreign fee?

      • teacherer on 13/04/2018 - 23:58

        Nup
        6 months merchandise protection (insurance), and 24 months price protection too.

        I believe some Entitlements have recently changed for new customers

        • OzFrugie on 14/04/2018 - 00:01

          24 months price protection?! wow! so if the product drops in price within 24 months, they're going to refund you the difference. Do I get that right??

        • teacherer on 14/04/2018 - 00:06
          +1

          @OzFrugie: yeah saved about $600 this year from it
          Phones, roof racks, car jacks, head lights.
          Got a smashed note 8 paid out using price protection too.
          I don't know if new customers get it.

  • griffy on 13/04/2018 - 22:56

    ANZ Travel Rewards card. I find the rates very similar to what you can google at the time.

  • eggles01 on 13/04/2018 - 23:46

    VIA PAYPAL VIA PAYPAL you have insurance that you will be able to claim if you get ripped off or the item gets lost in the mail etc

  • PissLUR on 14/04/2018 - 00:16
    -1

    ING

  • pantsparty on 14/04/2018 - 06:38

    28 Degrees card - pay in the foreign currency.

  • shaybisc on 14/04/2018 - 11:02

    ING no longer charge a 2.5% fee for transactions in a foreign currency, but what is their conversion rate based on? I mean paypal doesn't have a fee but their rates are terrible.

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