Too many myths here about usd account requirements and forex in general #opportunity If you have dollars to sell on PayPal, will take :) On Saturday, January 18, 2014, Stephen Wanjau <wanjaustev@gmail.com> wrote:
When you introduce Dollars to loops and do-whiles. Stephen Wanjau
Tel:+254 722 238 165 | Skype ID: stevewanjau | Twitter ID: uwanja | Quitters rarely make it into the history books.
On Sat, Jan 18, 2014 at 10:34 PM, Steve Obbayi <steve@sobbayi.com> wrote:
Even if you get a USD account you still wont get you money on the same
day. PayPal has a delay of 3-4 days even on US banks. So there is no way you can rely on same day rates
Steve
________________________________
From: "Omingo Obiko" <edobie@gmail.com> To: "Skunkworks Mailing List" <skunkworks@lists.my.co.ke> Sent: Sábado, 18 de Enero 2014 11:20:54 Subject: Re: [Skunkworks] Equity Pay Pal
Why not just get a USD account. Do FX only after you receive the funds
in USD. You can then transfer to ksh account on same day rates...
On Jan 18, 2014 12:22 PM, "Okechukwu" <okechukwu@gmail.com> wrote:
@Mickey - thats is with all banks, I have to repeat! - Get a USD
credit/debit card and go and withdraw KES from the ATM - At withdrawal, you get a rate and at the end of the month on your statement, you get a different rate! This is because at the time of transaction, you are showed the current rate, but the actualy transaction at the bank never happens - your money is taken to an escrow account and the actual transaction happens 3-4 days later and the rate of the day applies - This does not necessarily mean you always lose, sometimes you gain - thats why a businessman worth his salt caters for exchange rate loses & gains! This is business, not some charity work.
if you are going to transact less than 100USD per month on this, you
are better off coming to list and asking for those PAYPAL to Mpesa exchanges, then you do not lose money!
./Ok3ch
On Sat, Jan 18, 2014 at 9:56 AM, Mickey Mickey <michaelakunga@gmail.com>
wrote:
@John you finally notice that is the game in equity broad day light
theft they did it to me form Moneybookers to equity.
@Okech you are mistaken, I understand that banks show exchange rates that differ on implementation, Yes. However, some banks when you go at the exchange counter (DTB and KCB in my experience ) and ask the rate they will tell the current figure and warn you that this figure applies today so if you want to transact go ahead, simple and fair. In Equity things are different what you are told at exchange counter before transacting is different from what you get. When I launched a complain with Foreign exchange and gave him my statement, he called some guy somewhere and from his face and response I could tell something was fishy. he finally told me and I quote "Boss, hawa watu sijui how they work me the figure I gave you is what I was sent to operate for the day, may be u see the manager". I simply stopped any international exchange using moneybookers direct to my equity account.
Best Regards, Michael Akunga. Freelance Research Writer, Web and App Developer Cell No: +254 726 174 815 E-Mail: michaelakunga@gmail.com Skype: michaelakunga Viber: +254 726 174 815
On Sat, Jan 18, 2014 at 11:39 AM, Okechukwu <okechukwu@gmail.com> wrote:
@John - this exchange rate discrepancy is normal for all banks - you
only begin negotiating if you have more than 1,000 USD, so don't blame Equity. I have moved cash to my shillings account at 80/- when the rate hit 90/-, and on the same day, negotiated 87.5 with the same bank.
./Ok3ch
On Sat, Jan 18, 2014 at 8:18 AM, John K. <kamau.john@gmail.com> wrote:
I have actually used this service once and I can tell you the main
problem with it is the exchange rate that you will get. It's just plain ridiculous, when I did it I think the the USD to KES rate was 88, and the transfer was done at 82. Did the math and I lost around 6% of the money.
Never used it again, 6% is just plain daylight robbery. Read the fine print when using it.
On 18 January 2014 00:53, Brian Ngure <brian@pixie.co.ke> wrote: > > I got the same message. > > On Jan 18, 2014 12:33 AM, "Tony Likhanga" <tlikhanga@gmail.com> wrote: >> >> I finally got (official?) confrmation from paypal@e.paypal.com on this partnership. No change in terms of service. >> Tony. >> _______________________________________________ >> skunkworks mailing list >> skunkworks@lists.my.co.ke >> ------------ >> List info, subscribe/unsubscribe >> http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks >> ------------ >> >> Skunkworks Rules >> http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 >> ------------ >> Other services @ http://my.co..ke > > _______________________________________________ > skunkworks mailing list > skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co..ke
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