Taobao Age. offers a wide range of flexible payment options for customers when it comes to paying for our services. This article will help you understand our billing process; at the same time, this will help you decide your preferred payment method. Since we are buying from China and serving customers all over the world, we are using a default exchange rate on our website which is 1 CNY = 0.1551 USD. For the purpose of transparency, we update this conversion every month, as currency exchanges fluctuate from time to time.
How does Taobao Agent bill you?
We bill our customers twice along the course of the transaction. Your first bill will cover the actual cost of the product and our service fee which is 5% of product cost. We will send you the second bill upon the completion of the preparation & packaging of your products, and after we have determined the charge weight of your parcel.
The second bill will cover the local shipping fee and international shipping fee. Once your payment has been confirmed, your package will be dispatched from our warehouse, and shipped to your designated shipping address. There are many payment options that you can choose from to pay for our services.
1- Local bank-to-bank transfer to our bank accounts in China, the USA, the UK, Europe, Australia, New Zealand, and other countries. Fast, easy and fee-free! (Newest payment option and most recommended, updated in Jan. 2020.)
If you reside in: the USA, the UK, Australia, New Zealand, Germany, France, the Netherlands, Austria, Belgium, Finland, Spain, Sweden, Norway, Italy, Portugal, Switzerland, Belgium, Cyprus, Croatia, Denmark, Estonia, Greece, the Czech Republic, Ireland, Latvia, Lithuania, Luxembourg, Malta, Monaco, San Marino, Monaco, Slovakia, Slovenia, the Eurozone, Poland, the Philippines, Korea, Saudi Arabia, Egypt, or Turkey, you may find it cheaper and more convenient to pay through our affiliate’s bank account in one of the listed countries. Just send the payment to our bank account in your country, just like when you send a payment to a friend in your country. Our affiliated bank account information will be shared on your order page after you place an order. We don’t charge a fee for this payment method (except for the Philippines, which requires a handling fee for the payment).
You may choose to wire transfer to our bank account in China (banks in China only accept USD payments for international wire transfer, payment in RMB will be rejected by the bank). Our account information will be shared on your order page after you place an order. If you reside in China or you have a Chinese bank account, you can pay to our bank account in China as a local money transfer with your bank account located in China using RMB/CNY.
Don’t worry about payment processing time; once you pay, you may send us a screenshot of the payment so we can start working on your order even if we have not received the payment yet.
2- Using PayPal, credit card, debit card, or direct debit:
Paying with PayPal, credit card, debit card, or direct debit with Xoom.com which is part of PayPal)
If you prefer to not use bank-to-bank transfer, this is the best and most recent avalible method. You may use the above payment methods through Xoom. Xoom is a secure and trusted payment method owned by PayPal. You can use your Paypal account, credit card, debit card, or even direct bank account transfer (ACH) to pay with Xoom to save a great deal on transaction fees and currency exchange rates. Payments usually arrive within a few seconds (yes, seconds) to our bank account in China in local Chinese currency RMB/CNY. Xoom works best in the USA and Europe. We have created a page with detailed information on how to use Xoom to pay for your order; please click here.
If you have never heard of Xoom, don’t worry. You can see what people say about it here.
Paying with a credit card, debit card, or direct debit with TransferWise.com:
Our second best payment method is TransferWise.com. It’s similar to Xoom, but with a better exchange rate, lower transfer fees, and it is available in many more countries. TransferWise works best in Europe and the USA. They claim that payments arrive within 24 hours, and, based on our experience, when transferring during banks’ working days and business hours, payments usually arrive at our Bank of China account in RMB within a few minutes or hours. If you prefer to pay with TransferWise, please let us know on your order page.
When you open an account with TransferWise using this link, TransferWise claims that your first payment with them will be fee-free up to $500, so your first payment to us using TransferWise should be fee-free.
Don’t worry about payment processing time; once you pay, you may send us a screenshot of the payment so we can start working on your order even if we have not received the payment yet.
If you have never heard of TransferWise, don’t worry. You can see what people say about it here.
3. Western Union or MoneyGram
You may pay us online, which takes 1-2 business days for us to confirm your payment. You may also elect to pay in person at a Western Union or MoneyGram location nearest you. Using this method, we can confirm your payment within 24 hours. You can use Western Union or MoneyGram to transfer using a credit card, bank account, or even by paying cash. For transfers of at least $1,000, customers get 2% cashback from Baohero.
Now you can transfer online with Western Union, which offers $0 transaction fees if you are in the US using your bank account to send payments. You may check it online here:
https://www.westernunion.com/us/en/send-money.html.
Don’t worry about payment processing time; once you pay, you may send us a screenshot of the payment so we can start working on your order even if we have not received the payment yet.
4. Alipay or WeChat Pay
You may also pay us using Alipay or WeChat Pay for fast and safe online payments. It only accepts CNY currency transfer. there is no payment processing fee and fast payment confirmation.
Alipay and WeChat now accept international credit cards. If you buy from China regularly, this might be the best available option to use. It requires some set-up. Here is a video tutorial.
5. Digital Currencies: Bitcoin, Ethereum, Litecoins
You can use the above digital currencies to pay for goods and services electronically. Unlike conventional currency, they are not controlled by any central authority like a bank. They are created with the idea to produce a currency independent of any central authority, transferable electronically, more or less instantly, with a very low transaction fee. Baohero is a Taobao Agent that accepts Bitcoins, Ether, and Litecoins as a mode of payment. Our payment processing fee is only 1%.
We also accept other cryptocurrencies like Ripple, Ethereum Classic, Dash, NEM, IOTA, Montero, EOS, Tether, Stratis, BitConnect, Zcash, and Antshares. See here.
Customers around the world can use their credit card to send Bitcoin or other currencies to us, which usually arrive instantly. We suggest using these platforms to send us digital currencies:
https://www.coinbase.com/buy-bitcoin (For customers based in the USA)
https://www.coinmama.com/bitcoin
https://www.coinmama.com/bitcoinhttps://www.binance.com/en/buy-sell-crypto (For customers based in Europe)
6. Prefer to pay with other methods?
Let us know what other payment methods you prefer to use, and we will see if we can accommodate your request.
Conclusion
Taobao Age. values our customers’ preference in the selection of payment methods. We are always in the pursuit for a safe, secure and fast payment options.