Introduction
Ruten.com.tw is one of Taiwan’s leading e-commerce platforms, offering a wide range of products for buyers and sellers. If you are planning to shop on Ruten, you might wonder: what currency does Ruten.com.tw use? Understanding the currency used on Ruten.com.tw is important for local and international buyers to ensure smooth transactions. In this article, we will explore the currency Ruten uses, payment methods, and how international buyers can handle currency exchange while shopping on the platform.
Understanding Ruten.com.tw
Ruten.com.tw is a popular online marketplace in Taiwan, similar to eBay. It allows individuals and businesses to sell products in various categories, including electronics, fashion, beauty, and more. The platform primarily caters to Taiwanese customers, but international buyers can also access it. Since Ruten is a Taiwan-based website, the currency it uses is closely related to Taiwan’s financial system.
What Currency Does Ruten.com.tw Use?
Ruten.com.tw primarily uses New Taiwan Dollar (TWD), also known as NTD, as its official currency. This means that all product listings, checkout prices, and transaction amounts are displayed in New Taiwan Dollars.
Why Does Ruten.com.tw Use New Taiwan Dollar (TWD)?
There are several reasons why Ruten.com.tw operates with New Taiwan Dollar as its primary currency:
- Local Market Focus – Since Ruten.com.tw mainly serves Taiwanese buyers and sellers, using TWD makes transactions easier for local users.
- Government Regulations – Taiwan’s financial policies require local businesses to use TWD for domestic trade.
- Stability in Transactions – Using a single currency ensures price stability and avoids confusion caused by fluctuating exchange rates.
- Banking and Payment Convenience – Most Taiwanese banks and payment gateways process transactions in TWD.
Can International Buyers Shop on Ruten.com.tw?
Yes, international buyers can shop on Ruten.com.tw, but they need to consider the currency exchange process. Since Ruten only displays prices in New Taiwan Dollars, international buyers must convert their local currency into TWD when making a purchase.
How to Pay on Ruten.com.tw as an International Buyer
If you are shopping from outside Taiwan, you have a few payment options:
1. Credit and Debit Cards
- Some international credit and debit cards are accepted on Ruten.
- The transaction will be converted from your local currency to TWD based on your bank’s exchange rate.
2. PayPal or Other Digital Payment Methods
- Ruten may support digital wallets like PayPal, but the availability depends on the seller.
- PayPal automatically converts your currency to TWD before completing the payment.
3. Bank Transfers
- If you have a Taiwanese bank account, you can transfer funds in TWD.
- International bank transfers may require currency conversion fees.
4. Third-Party Payment Services
- Some buyers use third-party payment services to handle currency conversion and payments in TWD.
How Does Currency Exchange Work on Ruten.com.tw?
If you are using a different currency, your payment will go through an exchange process. Here’s how it works:
- When you choose a product, the price is displayed in New Taiwan Dollar (TWD).
- Your payment method (credit card, PayPal, etc.) will convert your local currency into TWD.
- The exchange rate is determined by your bank or payment provider at the time of purchase.
- Additional fees may apply, including foreign transaction fees and currency conversion charges.
Tips for International Buyers on Ruten.com.tw
To avoid extra costs and make smooth transactions, consider these tips:
1. Check the exchange rate before purchasing – Use online currency converters to estimate the total cost. 2.Use a multi-currency credit card – This helps minimize currency conversion fees.
3.Confirm with the seller about accepted payment methods – Some sellers may not accept foreign cards.
4.Consider using a trusted third-party payment service – If your card is not accepted, services like Wise (formerly TransferWise) can help convert and send TWD.
Does Ruten.com.tw Accept USD or Other Currencies?
No, Ruten.com.tw does not accept USD (United States Dollar) or other foreign currencies directly. All transactions must be completed in New Taiwan Dollar (TWD). If you see a product price in USD or another currency, it may be a conversion shown by your bank or browser, not Ruten itself.
Are There Any Currency Conversion Fees?
Yes, international buyers may face currency conversion fees when shopping on Ruten.com.tw. These fees depend on:
- Your bank’s exchange rate policy
- Foreign transaction fees on credit/debit cards
- PayPal’s currency conversion rate
- Third-party payment service charges
To reduce these costs, check with your bank or payment provider for the lowest exchange rates and minimal fees.
Common Issues with Currency on Ruten.com.tw
- Exchange Rate Fluctuations – The value of foreign currencies changes daily, affecting the total price you pay.
- Payment Rejections – Some international cards may not be accepted due to restrictions.
- Hidden Fees – Banks and payment providers may charge additional foreign transaction fees.
- Refund Delays – If a refund is issued, it may take longer due to currency conversion processes.
How to Avoid Currency-Related Problems on Ruten
1. Use a card with low foreign transaction fees to reduce extra charges.
2. Compare exchange rates before making a purchase.
3. Ask the seller if they accept international payment methods.
4. Consider using a VPN if access to Ruten.com.tw is restricted in your country.
Conclusion
To summarize, Ruten.com.tw uses New Taiwan Dollar (TWD) as its official currency for all transactions. International buyers must convert their local currency into TWD when shopping on the platform. While credit cards, PayPal, and bank transfers are common payment methods, currency exchange fees may apply. By understanding the payment process, exchange rates, and additional fees, international buyers can shop on Ruten.com.tw with confidence. Always check the latest exchange rates and choose a payment method that minimizes extra costs for the best shopping experience.
Explore More: Futrefinancevision
