How I lost $45 at PayPal

[YIAM]

Another paypal s** Story.

I had requested withdrawal on 10th December 2006 of amount 1k:) . Normally paypal issues check within 4-6 days. But even after 10 days my status was showing "Processing" and I mailed them. They replied me but there was no relation between my problem and their answer. I keep mailing them and got same reply.

After 47 days, Today they refunded amount to my account. It was full refund but I lost $45:eek: just for exchange rate difference.

Cost of one and half months Waiting = -$45

Paypal s**

[britishguy]

Another event that sucks :eek:

Hope it does not happen again to you

[YIAM]

Now here more info how paypal s** and make us fool.

When they refunded they shows transcation rate:

Exchange Rate: 1 Indian Rupee = 0.0220379 U.S. Dollars

That is equal to INR 45.37637434 = 1 U.S. Dollars

Here is 100s of Indian PayPal user. One question to them: Have you ever got exchange rate of 45.37637434 even 44.xx

[Disguised]

That's why paypal sucks. I wish money bookers and egold ripp their .... off. So that paypal learn something. Sorry to hear that YIAM. Paypal should seriously consider WTF they are doing with their users.

[YIAM]

Well, I have requested another withdrawal just within 2 hours of their refund and now look at the exchange rate:

Exchange Rate: 1 U.S. Dollar = 43.1357 Indian Rupees

The exchange rate difference in 5%. And no such thing happend in this world that exchange rate will change by 5% in two hours.

They are earning 5% just from exchange rates? :eek:

[lolturnip]

Paypal sure do suck, but if you are a frequent ebayer, people there only accept Paypal 99% of the time, so in a way we're forced to use it.

Just out of interest, what other decent alternatives do we have?

[Disguised]

Well that sounds like paypal is stealing your money. Isn't it? :rolleyes:

[YIAM]

That's what I am feeling.

I can't forget those one months..

[Freewebspace]

That's what I am feeling.

I can't forget those one months..

Do not withdraw over about $1000 on one go

Withdraw in $500

After I got my first check I never withdrew via paypal

All my payments have been routed to Xoom

[sar420]

Do not withdraw over about $1000 on one go

Withdraw in $500

After I got my first check I never withdrew via paypal

All my payments have been routed to Xoom

How do you route your paypal payments to xoom?

[humm]

First of all u did a mistake... its lately happening that processing status are taking time to change. But they do change if not after 10 days but for sure after 20 days.

One needs to wait when you know all/most of indian pp users are facing this problems.

[YIAM]

Not, 10, 20, 30 or 40 days, its 47 days. I got check which was requested on 27th December.

I think they have some technical problem and check was not issued at all.

But what will you say about their transaction rate???

5% difference in two hours :eek:

Have you ever get transaction rate like Rs 45.xx/USD

[Mr_Kumar]

Do not withdraw over about $1000 on one go

Withdraw in $500

After I got my first check I never withdrew via paypal

All my payments have been routed to Xoom

What is Xoom and how you routed it? It is the better way then I'll sure join you.

[humm]

I got my check after 45-50days too. We can't help it. Regarding the transaction rate difference, I am shocked to see this. :(

[tschrock]

PayPal has so many fraudsters that it hurts. Unfortunately, their API is soooo easy to use that it makes good business sense for us to use it in the short term until our coders get our online merchant account into the mix. Sigh... I love chargebacks...

[Mr_Kumar]

PayPal has so many fraudsters that it hurts. Unfortunately, their API is soooo easy to use that it makes good business sense for us to use it in the short term until our coders get our online merchant account into the mix. Sigh... I love chargebacks...

Well, I have requested another withdrawal just within 2 hours of their refund and now look at the exchange rate:

Exchange Rate: 1 U.S. Dollar = 43.1357 Indian Rupees

The exchange rate difference in 5%. And no such thing happend in this world that exchange rate will change by 5% in two hours.

They are earning 5% just from exchange rates? :eek:

TWO shocking things for me.

[eddy2099]

If you see the Fees page at http://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside which was something you agreed upon when you used Paypal, it states that they will tag on a 2.5% fees to the exchange rate as part of the cross border transactions.

If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.


As to why your request for check payment was rejected, it is difficult to determine from your information, you might want to check with Paypal as to why it was not accepted.

[scorechase]

What is strange and sad is we can do nothing about it nor go legal against it.
Is paypal not bound by any laws?

Lately even I have started feeling very very unsure about using paypal.

Your experience just added to my shock.

Hope everything settles down soon for you.

[jimbo21]

Yeah I think paypal has a hard time with non-american clients for some reason. Either that or they find those people easier to scam.

[eXe]

To clarify:
Xoom doesn't work anymore, it used to but it doesn't any more. They don't process intra-india transactions & they check your paypal account's country (this is how they find out). Remit2india (http://remit2india.com) is a cheap & fast way to get paypal funds if you know someone in the US who is willing to let you use their identity & ssn.

[dshah]

Well, I have requested another withdrawal just within 2 hours of their refund and now look at the exchange rate:

Exchange Rate: 1 U.S. Dollar = 43.1357 Indian Rupees

The exchange rate difference in 5%. And no such thing happend in this world that exchange rate will change by 5% in two hours.

They are earning 5% just from exchange rates? :eek:

while I am sympathetic to your situation, you need to understand that buy/sell exchange rates always different. You can not buy $ at xx.xx and sell at same price (no one will do such transaction with you).

[commandos]

After 47 days, Today they refunded amount to my account. It was full refund but I lost $45:eek: just for exchange rate difference.

Cost of one and half months Waiting = -$45

Paypal s**


Welcome to Forex :D

[deluxdon]

Another paypal s** Story.

I had requested withdrawal on 10th December 2006 of amount 1k:) . Normally paypal issues check within 4-6 days. But even after 10 days my status was showing "Processing" and I mailed them. They replied me but there was no relation between my problem and their answer. I keep mailing them and got same reply.

After 47 days, Today they refunded amount to my account. It was full refund but I lost $45:eek: just for exchange rate difference.

Cost of one and half months Waiting = -$45

Paypal s**

I'm also surprise that i had requested withdrawal on 19th December 2006 and until last 2-3 days my status was showing 'processing' but since last 2-3 days it show me 'check issued' :confused: So what do you think, they sent me check in december 2006 or they just sent me check :confused:

[Mr_Kumar]

To clarify:
Xoom doesn't work anymore, it used to but it doesn't any more. They don't process intra-india transactions & they check your paypal account's country (this is how they find out). Remit2india (http://remit2india.com) is a cheap & fast way to get paypal funds if you know someone in the US who is willing to let you use their identity & ssn.
Yes, I use guru.com to get business. They have remit2india facility and I really love that. I love none more than that.

[Disguised]

Lots of unhappy paypal members (speically Indians). That sucks big time. What the heck is paypal doing, some really crappy payment processor (though it isn't actually but it's acting like this). Paypal is going down for sure Yay :rolleyes:

[YIAM]

Just waiting for Big G.

[neoms]

Do not withdraw over about $1000 on one go

Withdraw in $500

After I got my first check I never withdrew via paypal

All my payments have been routed to Xoom

Hey...Freewebspace,

What is the problem in withdrawing more than $1000 at a time. Is there any problem doing so?

I think it is okay to do so, as we can save the $5 withdrawal fee. :D

[Indian]

The exchange rate changes everyday. I have been using paypal since more than 3 years now & have been withdrawing money every month. Have never ever faced issues with them. The exchange rate might be less at times than the real rate but I really dont care when they are providing such an excellent service.

[Mr_Kumar]

I have heard many months back that google has launched GBuy in competition to paypal. Any one have idea about GBuy?? Umm let me google GBuy and give you link.

Yeah.. one link of several is http://www.webpronews.com/insiderreports/marketinginsider/wpn-50-20060206GoogleTestingPayPalKillerGBuy.html

[eXe]

I have heard many months back that google has launched GBuy in competition to paypal. Any one have idea about GBuy?? Umm let me google GBuy and give you link.

Yeah.. one link of several is http://www.webpronews.com/insiderreports/marketinginsider/wpn-50-20060206GoogleTestingPayPalKillerGBuy.html

It's google checkout (https://checkout.google.com/) :) No stored credit facility however & currently available only to US residents.

[vic_msn]

Yes me and YAIAM who faced the same problem have suffered a lot because of this unprofessional act of Paypal. I have lost another $25 due to this cancellation of the cheque that they themselves did after processing my cheque for more than 38 days.
Now should I request a cheque again ?

[sar420]

I think all those who suffered at the hands of paypal should get together and collectively take legal action against them.

That will surely help paypal into more ethical business practices.

[samlocalguy]

Paypal already have too much cases already. Becoz all this matter is related to money.

Its means paypal is not believeable.
So, now we have to find aa good one better than Paypal
But the prob is people more trust on Paypal.

[devin]

my payments and withdrawals are all in US dollars, if i need them in another currency usually i just don't withdraw them (instead i recycle them).

[Mr_Kumar]

Paypal already have too much cases already. Becoz all this matter is related to money.

Its means paypal is not believeable.
So, now we have to find aa good one better than Paypal
But the prob is people more trust on Paypal.

Paypal is leader and millions of people all over world are using it. Also paypal have forced somewhat to used it (eg- ebay users). I am seeing that other guys are also becoming famous slowly, if paypal do not correct these issues, I guess the number paypal users will decrease.

[deluxdon]

Yes me and YAIAM who faced the same problem have suffered a lot because of this unprofessional act of Paypal. I have lost another $25 due to this cancellation of the cheque that they themselves did after processing my cheque for more than 38 days.
Now should I request a cheque again ?

Don't know what happen at paypal's end but both of yours check they cancelled after processing your cheque for more than 38 days and mine display 'check issued' after processing for more than 25 days :eek:

[cocaine]

[quote]Lots of unhappy paypal members (speically Indians). [/quote
What about us? Nepalese, Pakistani and all?
You at least can have a legit paypal id. We cant even have a paypal account. And we dont have good alternative of that.

[Mr_Kumar]

[quote]Lots of unhappy paypal members (speically Indians). [/quote
What about us? Nepalese, Pakistani and all?
You at least can have a legit paypal id. We cant even have a paypal account. And we dont have good alternative of that.
Why don't you try western union??

[deluxdon]

[quote]Lots of unhappy paypal members (speically Indians). [/quote
What about us? Nepalese, Pakistani and all?
You at least can have a legit paypal id. We cant even have a paypal account. And we dont have good alternative of that.

I think Moneybookers also good for you. So many members using MB here at DP without any problem.

[neoms]

[quote]Lots of unhappy paypal members (speically Indians). [/quote
What about us? Nepalese, Pakistani and all?
You at least can have a legit paypal id. We cant even have a paypal account. And we dont have good alternative of that.

Cocaine How you make online transactions? Moneybookers, Western Union, Xoom, e-gold, or Neteller?

[Rohit patel]

Yet another Paypal bad story. They lost thier reputations in Asian nation. This is big problem for us.

Xoom and Remit2india is best if you have some one in US or other nations.:)

[samlocalguy]

Nothing is secure on the Internet.

Internet is also a home of frauders and hackers.

So, we have to generate any secure method to stop this all.
Also, some strong action against companies.(paypal, moneybrookers etc.)

Last month I got a e-mail(fraud) from paypal. the site is same as to as paypal site and e-mail if from enquiry@paypal.com.

I think its from paypal. e-mail is asking me for my login info. then I see it deeply and found its fraud e-mail. becoz with that e-mail I have no acc.
I am also a webmaster. So, found it easily.

But a layman can be easily foolish with this types of scams.

Due to all this mostly peoples afraid to use CC. Otherwise Internet business becomes double. If we find any secure and gurenteed way. then Internet business becomes double or triple.

[devin]

Last month I got a e-mail(fraud) from paypal. the site is same as to as paypal site and e-mail if from enquiry@paypal.com.

I think its from paypal.no it is definitely not from paypal. email 'from's can easily be forged to make it look like it comes from paypal.com.

[vic_msn]

YIAM are you going to request a cheque again please let me know
shall we try it again :D we can't help it but use Paypal :mad:

[Mr_Kumar]

Last month I got a e-mail(fraud) from paypal. the site is same as to as paypal site and e-mail if from enquiry@paypal.com.

I think its from paypal. e-mail is asking me for my login info. then I see it deeply and found its fraud e-mail. becoz with that e-mail I have no acc.
I am also a webmaster. So, found it easily.

no it is definitely not from paypal. email 'from's can easily be forged to make it look like it comes from paypal.com.
YES, that was Not from paypal.

Many times, I fear to login at paypal itself. I know it is preety safe, but still have fear.

I too have got few mails of this kind and one was ****@paypal.com, other was ****@paypal.info. Damn....since that day....I have the fear.

[Hishimi]

Yea it's so hard making money when you use paypal. I have a wordcloud site were I charge a dollar for a permanent PR4 link and they take almost 30C I can't make anything doing that :(

[YIAM]

YIAM are you going to request a cheque again please let me know
shall we try it again :D we can't help it but use Paypal :mad:

I have allready requested a cheque again within two hours of refund.


Well, I have requested another withdrawal just within 2 hours of their refund and now look at the exchange rate:

Exchange Rate: 1 U.S. Dollar = 43.1357 Indian Rupees

The exchange rate difference is 5%. And no such thing happend in this world that exchange rate will change by 5% in two hours.

They are earning 5% just from exchange rates? :eek:

[deluxdon]

What about this time YIAM :confused: It still show 'processing' for this withdrawal or showing 'check issued' :confused:

Best of Luck this time.

[neoms]

I have allready requested a cheque again within two hours of refund.

Hope this time your cheque will be issued ASAP. :)

[samlocalguy]

no it is definitely not from paypal. email 'from's can easily be forged to make it look like it comes from paypal.com.

lol
I am not joking...

Wait for some days. Maybe you got this type of e-mail. then you believe.

Main thing is I have no any paypal account. But, I got e-mail. One funny thing is I entered wrong info in the site same as to paypal.

and I got your account is updated.

So, thats show its totally spam.
My mean is just to say Be Aware while using Paypal.

[giovanni]

such a sad story...:(

[vic_msn]

post it here when the status change. :) praying for all.

[sukantab]

I have a question here, may be it is too dumb, but I will ask.
Paypal has a debit card. DOn't they provide it to people outside US?
If yes, then use the debit card to withdraw money. Fee is $1.5 per transaction.
There is also a 1.5% cashback if you use it as credit

[anjaan79]

Oh man this is a bad story.

[eXe]

I have a question here, may be it is too dumb, but I will ask.
Paypal has a debit card. DOn't they provide it to people outside US?
If yes, then use the debit card to withdraw money. Fee is $1.5 per transaction.
There is also a 1.5% cashback if you use it as credit

They provide it to people in the US. But it works worldwide, in any atm. So if you have a US paypal account & US mail forwarding...

[deluxdon]

Well, I have requested another withdrawal just within 2 hours of their refund and now look at the exchange rate:

Exchange Rate: 1 U.S. Dollar = 43.1357 Indian Rupees

The exchange rate difference in 5%. And no such thing happend in this world that exchange rate will change by 5% in two hours.

They are earning 5% just from exchange rates? :eek:

YIAM - any updates regarding your last request :confused:

Hope this time 'processing' change to 'check issued' for your last withdrawal in time.

Best of Luck.

[YIAM]

post it here when the status change. :) praying for all.

YIAM - any updates regarding your last request :confused:

Hope this time 'processing' change to 'check issued' for your last withdrawal in time.

Best of Luck.

No update yet. "Still in processing":( Todays is 6 th day let see what happens. I will post here if there is any update?

@deluxdon: Any update??

[deluxdon]

No update yet. "Still in processing":( Todays is 6 th day let see what happens. I will post here if there is any update?

@deluxdon: Any update??

As i posted here already that my 19th December,2006 withdrawal status changed from 'processing' to 'check issued' just 1 week ago. So now i'm waiting for that check. Let you all know if any updates in this matter.

[Gurpartap]

Paypal screws you every 35th step in 100 steps ladder, damn!

[rmn123]

Hi,
I need egold. Willl pay by paypal.
Anybody available for exchange?
Thanks

[devin]

Hi,
I need egold. Willl pay by paypal.
Anybody available for exchange?
Thankswait till you have the required number of posts, then start a thread in the marketplace.

[majorkontrapelo]

Hi,
I need egold. Willl pay by paypal.
Anybody available for exchange?
Thanks

Haven't you read the thread? They are talking about hating paypal and you came in giving paypal in exchange;)

[creztor]

Please they are providing a service, the 5% difference in exchange rate may suck but is there anyone else that can offer such a service as they do? Right now no not really. Nothing in life is free.

[YIAM]

They allready charges 3.4% + $0.30 USD for receivin payment. No problem with that.

They also charges 5$ for check withdrawal + 2.5% currency exchange. No problem with that too.

But They did not issue my check, and after 47 days they refund the amount to my paypal account. They also refunded $5 but deducted 2.5% currency exchange charge again.

So, I lost 5% i.e. $45=Rs. 2K for their fault.

Anyway, I am happy today because my second withrawal showing "Check Issued" status today. If it does get lost in air then I will get it soon.

is there anyone else that can offer such a service as they do?

Just waiting when big G will come in India.

[vic_msn]

also most people should start using googlecheckout for us to come out of PayPal.:D