Paypal Conversion

cacheman

Whatever you do, if you can avoid exchanging/converting $$ to Euro's using Paypal then do so. I paid for a German transaction this morning in Paypal euro's (PE's) and was stuck paying PP an additional $25 due to the discrepency between PE exchange rates and the REAL WORLD conversion rate.

Either way you look at it, the $ vs Euro sucks right now with the dollar at .75 of a Euro...but PP only gives you .72!!! So how does PayPal get away screwing the consumer on this one? Anyone know?

Between this and the 4% fee, Paypal is making an already difficult shopping environment even more prohibitive.

Is this conversion rate against the law?

BigAlan

Is this conversion rate against the law?

No, anyone is allowed to set their own value on $ or Euro.

cacheman

...it's a ripoff as far as I concerned.

MacCrimmon

Nice timing! NOT!!
Did you use a regular credit card? .... or a bank balance transfer?

The euro bid at close was .7499.....it was about .743 for an intraday low.....

Hey, the BP was 1.97.....

I'm short presently on forex with trailing stops, of course, and how about that GOLD drop today....Santa came early

ajaan

Of course gold dropped today. I just bought some last week.

wybrit

PayPal does the same trick with $ ==> £ purchases. In order for me to partially defeat that, I have held run some of my auctions through ebay.co.uk.

syraq

edited unneccessary and humourless comment