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TaobaoRing Payment Methods

TaobaoRing Coin, PayPal, Western Union, MoneyGram
Bank Transfer, WebMoney, WorldRemit, etc.

TaobaoRing Exchange Rate

Our exchange rate is:

  • 1 CNY = 0.163 USD
  • 1 CNY = 1.3 HKD
  • 1 CNY = 0.12 GBP
  • 1 CNY = 0.134 EUR
  • 1 CNY = 0.21 CAD
  • 1 CNY = 0.21 AUD
  • 1 CNY = 18.31 JPY

Here is TaobaoRing's omni exchange rate calculator. Try it now:

  

We support these payment methods:

  • TaobaoRing Coin
  • PayPal
  • Western Union
  • MoneyGram
  • Web Money
  • Bank Transfer
  • WorldRemit

TaobaoRing Coin

You can deposit money to your taobaoring coin account and we will exchange it to coins (1 Coin= 1 CNY), then you can use them to pay for your orders, which doesn’t have any transaction fee.

Read more about TaobaoRing Coin

PayPal

Payment transaction charge: 4.4% + 0.3 USD

We can accept USD and HKD via PayPal. If you pay PayPal eCheck, we need to wait for it to be cleared to process your order. Usually this takes 5-14 bussiness days.

Western Union

Please find the nearest Western Union agent or go to Western Union Online to transfer money to this account:

First name KANG
Last name WANG
City BEIJING
Country CHINA

Notice Attention Please:
1. We ONLY accept USD for Western Union payment.
2. PLEASE DO NOT set fixed exchange rate when you pay, or we can not withdraw the payment.

After you have sent money to the above Western Union account, please send us your payment information as soon as possible for confirmation. Your payment information includes:

  • Amount
  • Country
  • Sender's First Name/Last Name
  • MTCN (10 numbers only)

Western Union transfer charges (Cost is a little different in different countries and regions) :

Amount/$Charges/$
0.01 - 500.0015
500.01 - 1000.0020
2000.01 - 5000.0030
5000.01 - 7500.0040

MoneyGram

Please find the nearest MoneyGram agent or go to MoneyGram online to transfer money to this account:

First name HUIRU
Last name XU
City BEIJING
Country CHINA

Note: After you have sent money to the above Money Gram account, please send us your payment information as soon as possible for confirmation. Your payment information includes:

  • Amount
  • Country
  • Sender's First Name/Last Name
  • MTCN (8 numbers only)

WebMoney

Our Webmoney account is:

Purse Number Z547936159423
WMID 268493197721

Only accept WMZ.

Bank Transfer

TaobaoRing bank transfer information is as follows:

Bank name Bank of China Beijing Branch
Bank Address No.2 Chaoyang MenNeiDaJie, Dongcheng District, Beijing 100010, China
Swift code BKCHCNBJ110
Account number 6217900100003137687
First Name ZHENLONG
Last Name LIU

Notice Attention Please: When you make payment via bank transfer, PLEASE DO NOT write order ID, DO NOT mention shopping or buying in the payment details, or the bank may return it, which will delay your order and transaction fee will be involved, so please ONLY write your name in payment details.

Sometimes the intermediary banks will charge some commission, we will not undertake it. The final amount arrives to our account will be the payment you pay us. If the final amount arrives has some difference with the amount of your order, we will add/deduct from your 2nd payment or from your next order. Thanks for your kind understanding.

WorldRemit

WorldRemit is an online service that allows you to send money abroad from a smartphone, tablet or computer to more than 110 countries. It offers a range of different ways for recipients to get their money, including bank deposit, cash pick-up or Mobile Money. It also offers mobile airtime top-up. Compared with others payment method, it is low cost, fast, sample and trusted and high recommended.

Our WorldRemit recipient information is the same as Bank Transfer recipient.

Bank name Bank of China Beijing Branch
Bank Address No.2 Chaoyang MenNeiDaJie, Dongcheng District, Beijing 100010, China
Account number 6217900100003137687
Swift code BKCHCNBJ110
First Name ZHENLONG
Last Name LIU

Read more about WorldRemit

Summary of methods of payment

Methods TaobaoRing Coin PayPal Western Union Money Gram Bank Transfer(T/T)
Currency CNY USD & HKD USD USD USD & CNY
Payment transaction charge 0 4.4% + 0.3 0 0 0

Note: transaction charge free only means we don’t charge you any transaction fees, but it doesn’t mean that your bank will not charge the transaction fee.

We suggest that you pay via Western Union payment method, because the commission of PayPal payment is a little high. If you pay via Western Union, when the amount of single payment is more than 2,000$, you can enjoy 7% of service charge (however the standard service charge is 8% of the total price). When the amount is more than 2,000$, following is the comparison of your payment between PayPal and Western Union:

PayPal 2000*1.08*1.044+0.3 = 2255.34 include 8% service fee and the commission of PayPal 4.4%+0.3
WesternUnion 2000*1.07+30 = 2170 only 7% of service fee

As a result, you can see if you use Western Union you can save 85.34$.

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