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What is TaobaoRing Coin

TaobaoRing Coin is the E-currency used to trade in TaobaoRing system.

First, you can put money into your TaobaoRing coin account, which is simple, just like that you input money into your PayPal account. Then you can use the money in your account to pay for your order, without any extra transaction charge.

You may ask this question, why not pay via PayPal directly? Here you will see the advantages of the coin account.

  • The transaction charge of coin is the lowest compared with other payment methods.
  • The effect of exchange rate can be lowered. As you know, the CNY/YUAN has been appreciating all the time, and we will exchange USD to CNY according to the exchange rate that TaobaoRing set at the time of your recharge. When you pay for your order, the coin amount is deducted in CNY, and 1 coin = 1CNY.
  • You can withdraw the money any time. After your withdraw request, we will send the payment to your PayPal account within 24 hours in working days.
  • We can refund to your TaobaoRing coin account if you have money left because of items become out of stock after your payment.
  • You can get TaobaoRing gift coupons in the form of coins in some festivals or our promotion activity.
TaobaoRing Coin

Comparison with other payment methods

Suppose you have 10 orders in our system, and each order costs 300$. Here we will list the transaction fees for each payment method, so that you can see the great advantages of coin account.

PayPal: the transaction charge is 4.4%+0.3, then total transaction fee will be:

(300 * 0.044 + 0.3) * 10 = 135$

Western Union: it costs about 15$ for each transaction below 500$, which is different from country to country, so the total transaction fee for the 10 orders will be about 15*10=150$ if you pay for them independently.

If you use Western Union to deposit 3,000$ in your coin account, which only costs about 30$ as transaction fee, or maybe less, depending on your country policy. Then after this, you can use the deposit to pay for all your orders without any extra transaction charge.

Deposit

It's simple to add money into TaobaoRing coin account. We support payment methods such as Western Union, MoneyGram, Bank Transfer,and Webmoney.

Similar to ordinary orders, the system will give you tips to place a coin order, then you buy the coins (1Coin=1CNY), and tell us your payment information, such as MTCN number, etc, and we will recharge to your coin account.

Withdraw

You only need to provide your PayPal account and we will process the refund within 24 hours in working days.

Safety

An Independent password needs to be set for your coin account, which is different from your login password. Each time you pay for order or request to withdraw balance, this password needs to be input to verify your identification.

Transaction record

In your TaobaoRing account, you can see all your deposit and withdraw records.