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jwkelley
January 13th, 2015, 11:31
Can I send money from my Japanese paypal acount connected to my Rakuten card to my American Account connected to my bank in order to pay my US bills?

word
January 13th, 2015, 11:38
I don't think so? I'm not sure why I don't; it seems like I tried to do this recently to add money to my US Xbox account and wasn't able to for some annoying reason.

Don't trust me, though; I could be completely wrong.

webstaa
January 13th, 2015, 12:15
You might be able to, but everybody in between (and involved) is going to charge you fees for it.

coop52
January 13th, 2015, 17:09
It's easier and cheaper to use Goremit or the post office.

johnny
January 13th, 2015, 20:35
After you set up GoRemit, it's super easy to use, cheap and fast. I would go with that rather than anything else.

jwkelley
January 13th, 2015, 22:14
yeah, I tested it out. Seems it works, 3 man cost me about 1200 with fees. The only problem is they hold your balance for a very long time so it is slow.

Beer Baron
January 14th, 2015, 01:06
Last time I used Lloyds it was very fast. Granted, that was way back in 2009.

sharpinthefang
January 14th, 2015, 09:45
Send all the money to the site paypal, it may or may not be there to transfer back out! (BB, here is your chance to pay for next years servers!)

johnny
January 14th, 2015, 20:56
Last time I used Lloyds it was very fast. Granted, that was way back in 2009.

I usually get my money within the day unless I send it Friday afternoon. It's super convenient.

Ini
January 14th, 2015, 22:26
I'm not a drug dealer so I don't have to transfer money across borders.

jwkelley
January 14th, 2015, 22:35
I'm not a drug dealer so I don't have to transfer money across borders.
Then why do you always pay me for blowjobs in bitcoin dammit?

johnny
January 14th, 2015, 22:37
I'm not a drug dealer so I don't have to transfer money across borders.

You just have no ambition.

Zolrak 22
January 14th, 2015, 22:42
You just have no ambition.
He strikes me more as an arms dealer to be honest.

johnny
January 14th, 2015, 23:22
Ha, very apt.

mothy
January 15th, 2015, 01:14
Bear arms?

arcthemonkey
January 15th, 2015, 03:43
Last time I used Lloyds it was very fast. Granted, that was way back in 2009.

Same. Never had to wait more than a couple days back in 20102011, not counting when I could have got something like 53 yen to a USD right after Tohoku, but the remittance took a week and it bounced back to 80 something.

I wasn't actively trying to profit off of a global disaster, but I would have liked to...

webstaa
January 16th, 2015, 10:25
GoRemit (the current incarnation of Llyods) is pretty quick. Furi-komied on a Friday afternoon, in my account in the US on Monday morning...

Penguee
January 16th, 2015, 23:56
I use GoRemit, too. (It was bought by Shinsei Bank) and it will be there the same business days. I also get an email every day with the rates so I can decided which day to transfer money home. The yen is so freaking weak it makes me want to cry.

Apollo87
January 26th, 2015, 19:43
Has anyone used bitcoin to send money to/from Japan? I'm still looking into it and I found this reddit thread that details some successful transfers, but it would be good if some users on here had some experiences with it.

Sending Money to Myself (overseas) from Japan : japanlife (http://www.reddit.com/r/japanlife/comments/2pkccw/sending_money_to_myself_overseas_from_japan/)

Here's a specific post from the thread:

Here's what I'm doing...
I used Circle (http://www.circle.com/) to buy bitcoin instantly with my Japanese credit card. The price was pretty close to the current dollar-bitcoin exchange rate and it is free to use. I then use my Japanese bank account to pay it off in full.
I also have a Coinbase (http://www.coinbase.com/) account linked to my American bank account. Also free. I sent the money to my Coinbase account (bitcoins arrive almost instantly). Then, I converted the bitcoin to USD so it gets automatically deposited in my bank account.
I prefer this way because I don't have to pay 2000 yen to my old GoRemit account when I send money. And I don't have to pay my American bank 15USD to receive money. (Although Coinbase will make a cut with the exchange rate slightly in their favor.)

Ini
January 26th, 2015, 19:47
I'm not looking to buy child pornography or black market firearms so I don't use Bitcoin.

Jiggit
January 26th, 2015, 19:49
Hey, come on now, I heard you can use it for other things. Like drugs.

word
January 26th, 2015, 19:57
I messed around with bitcoin a bit, got lucky and pulled all my $ off of Mt.Gox a few months before they went down, haven't really messed around with it since. Still, I think it had potential as a means of international transfer. I hadn't seen Circle; hafta look into that. I also have a Coinbase account but don't really use it. If that gets around the transfer fees, I could totally go for it.

webstaa
January 27th, 2015, 13:02
The the only problem with bitcoin is that you can't trust anybody not to run away with it. Account compromised on Coinbase? You won't see that money again. (Even if you have 2FA.) Luckily, dodging shitty bank international bank fees is pretty much the only thing its good for (at least legally.) And you still have the same limits and reporting requirements (like transfer $9k from a bitcoin company to a major US bank? Don't be surprised when they close your account.)

Apollo87
January 29th, 2015, 21:58
Well if I was to use bitcoin, I wouldn't be holding it, I would simply buy it in JPY and immediately convert to CDN or USD. And circumventing international bank transfer fees is pretty much the entire reason I would use bitcoin.

So...not a bad idea? Next time I send money home I'll give it a shot and report back on my findings.

Ini
January 29th, 2015, 22:01
far be it from me to cast dispersions on your character but when someone is trying to raise money on indiegogo to "make a film" and at the same time is asking about using bitcoin to transfer money my spidersense starts tingling.

Jiggit
January 29th, 2015, 22:03
cast dispersions

You can do that outside if you have to.

Apollo87
January 29th, 2015, 22:38
far be it from me to cast dispersions on your character but when someone is trying to raise money on indiegogo to "make a film" and at the same time is asking about using bitcoin to transfer money my spidersense starts tingling.

Haha I'm editing at starbucks right now. Thanks for checking it out, though not so much thanks for the jab at my character >_>.

Anyway bitcoin sounds sketchy in general cuz of the Mt. Gox fiasco and silk road but I don't think there's anything inherently bad about cryptocurrencies.

Then again I still barely know what I'm talking about with re:bitcoin and still really need to do more research..I listened to this podcast which is what gave me the idea to use bitcoin instead of GoRemit or the post office like everyone uses. Interesting stuff.

Disclaimer: Rogan


https://www.youtube.com/watch?v=5wwbzwUXfgc

mothy
January 30th, 2015, 00:16
Yeah ignore the peopld who have been here awhile. You must be doing everything right.

Apollo87
January 30th, 2015, 00:36
?

Yeah I've been using GoRemit since it was GoLloyds for the past 5 years like most people seem to be. Just because one particular way was the best in the past doesn't mean it will always be.

I'm not even saying Bitcoin is that new hotness but why not encourage a discussion instead of perpetuating a circle jerk.

webstaa
January 30th, 2015, 09:59
The big problem is your personal data - if you have to register with exchanges like Mt. Gox or Coinbase - including sending personal information like passport scans etc - and they can't keep their goddamn servers protected, you're opening yourself up for major trouble. And just about every bitcoin exchange has had huge issues with poor security backends. It's understandable if you don't use 2FA and your password is 123456abcd - that's on you. But at least if Target gets hacked, they're forced to compensate. With cryptocurrencies, you have no assurances - partially by design (crypto-anarchists and crypto-libertarians.)

Disclamer: I was active in bitcoin from pretty early - including mining. I've also mined litecoin, dogecoin and a number of smaller altcoins. I've made and lost money - the biggest thing to remember is caveat emptor.