Yen Exchange Rate Policy
We accept payments in all currencies. We use paypal exchange rate of the day for US Dollars. For example, if you deposit $100 with mailorderjapan with a paypal exchange rate for that day is 112, you will see 12,000 yen in your account. We always round off the exchange rate to the lower whole number. Whether the paypal exchange rate for the day is 112.01 yen or 112.99, we would still be using 112 yen. We do this to protect ourselves against the exchange rate movements. For all other currencies, we use paypal exchange rate of the day minus one yen. We do not encourage payments in JPY. If the payment is made directly in JPY, there will be a currency conversion charge of 1%. We do this to make sure all depositors get the same value for their deposits
Please do not make deposits based on the open market exchange rates. Those rates are bank to bank exchange rates. We use the actual paypal exchange rate. The paypal exchange rate is usually 2.5% to 4% different from the open market exchange rate, depending on the time of the day you visit the open market rate. If you would like to know the paypal exchange rate, please log in to your paypal account and just type currency exchange rate in the help section of paypal. You will get all the relevant info.†
The currency exchange rate is subject to a constant change and it's beyond anyoneís control. It never remains the same. You may see more than 2 yen movement in a single day sometimes. During US sub prime mortgate crisis in August/September 2007 , the exhange rate for US $ moved massively from 124 yen per 1 USD to 111 yen per USD in less than a week time. If the market is volatile like this and if there is a massive move in the foreign exchange market, we will adjust our currency rate accordingly. The exchange rate is open to adjustment till we ship your items to you.
If you have any questions regarding currency exchange rates, please talk to us. †