Monday, June 25, 2012

Buy on Taobao.com with Taobao Assistant - costs, commission, and method of payment

Throughout the ordering process, you’ll need to pay us twice: the 1st time for the initial payment, and the 2nd time for the second payment. Our preferred method of payment is PayPal and West Union.

The initial payment is paid after we confirm with the seller regarding their stock and the domestic postage (corresponding to Step #3). The second payment is settled after the item arrives at our warehouse and the international postage is calculated (corresponding to Step #6).

Your initial payment = a) + b)
a) Item price
All items on Taobao.com are listed in Chinese Yuan (CNY, symbol: ¥). Our fixed currency rate: ¥ 1.00 CNY = $0.161 USD

b) Domestic postage: shipping cost from the seller to our warehouse;
It usually costs around ¥10.00 (equivalent to $1.60 USD), depending on the product weight;

Your second payment = c) + d)
c) International postage: shipping cost from our warehouse to your door;
This cost depends on the type of postal services you choose (economic or express). Click here for more information.

d) Our commission;
Our commission = item price × 10% + handling charge & bank charge $4.50 USD per order


Your TOTAL cost = initial payment + second payment 


For example, if the price of an item is ¥200.00; the domestic postage costs ¥10.00 and the international postage is ¥20.00. The cost in USD is:
a)       ¥200 × 0.161 = $32.20 USD
b)      ¥10 × 0.161 = $1.61 USD
c)      ¥20 × 0.161 = $3.22 USD
d)      ¥200 × 0.161× 10% + $4.50 USD = $7.72 USD

Your initial payment: a) + b) = $33.81 USD
Your second payment: c) + d) = $10.94 USD
Your total cost: a) + b) + c) + d) = $44.75 USD



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