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Other => Off-topic => Topic started by: cech4204a on July 15, 2014, 10:24:11 AM



Title: PayPal exchange rate , scammers!
Post by: cech4204a on July 15, 2014, 10:24:11 AM
Hello


I was just curious what exchange rate is PayPal using with your purchases?
I bought something in $ and i pay in €, they used exchange rate of : Exchange rate: 1 EUR = 1.30631 USD

For comparison here is what yahoo finance chart throws out: EUR/USD (EURUSD=X)
1.3595 Down 0.0025(0.1800%) 6:23AM EDT



I see a big scamm here, that' just not acceptable, more than 4% difference is just too much.


What do you think about that?


Title: Re: PayPal exchange rate , scammers!
Post by: Gianluca95 on July 15, 2014, 10:55:08 AM
Have you tryed to see the commission of Paypal? Commission of paypal is: 3.4% (I'm not sure, but I think that is it).

Maybe in that conversion it is include the Paypal commission.


Title: Re: PayPal exchange rate , scammers!
Post by: 1Referee on July 15, 2014, 11:03:29 AM
Hello


I was just curious what exchange rate is PayPal using with your purchases?
I bought something in $ and i pay in €, they used exchange rate of : Exchange rate: 1 EUR = 1.30631 USD

For comparison here is what yahoo finance chart throws out: EUR/USD (EURUSD=X)
1.3595 Down 0.0025(0.1800%) 6:23AM EDT



I see a big scamm here, that' just not acceptable, more than 4% difference is just too much.


What do you think about that?

And? This is nothing new, they handle these prices for many years.

It's a company, they need to make money.

Is it too high? Yes. But there is nothing you can do about it.