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Paypal currency converter? Are they stealing money from me?

Discussion in 'PayPal' started by M5love, Feb 21, 2008.

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  1. #1
    Right now, there USD to CAD show me 1=.98CDN, are you flippin serious!

    What's up with that?
     
    M5love, Feb 21, 2008 IP
  2. eddy2099

    eddy2099 Peon

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    #2
    eddy2099, Feb 21, 2008 IP
  3. Trakyram

    Trakyram Peon

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    #3
    I'm in the same boat. Every time I withdraw funds from my PayPal account (in US dollars) to my Canadian bank account, I end up with less money than I was expecting, I guess because of that extra 2.5% they charge.

    PayPal takes money from you every chance they get. It's always small amounts or small percentages, but it adds up. It's a strange world we live in when giving you access to your own money has become big business.
     
    Trakyram, Feb 25, 2008 IP
  4. Dreads

    Dreads Well-Known Member

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    #4
    thats how paypal can stay in biz lol

    I believe its only time before Google Checkout takes out Paypal..
    Once paypal starts to become limited, ebay.com will take the hit too and there it will go down as well.. soon that chinese ebay like site will take over..
     
    Dreads, Feb 26, 2008 IP
  5. Shaolin

    Shaolin Peon

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    #5
    Yeah I convert dollars into British Pounds and I know the exchange rate will be lower than I can get elsewhere. My credit card has a better rate, but I still prefer paying by PayPal. I look on the bright side here though: if I pay via ClickBank - even going thru PayPal - those gits stick 17.5% VAT on top, which is way worse.

    The time when you really notice PayPals meaness though is withdrawing into your account. With the poor exchange rates and the fees it's usually well below what you'd expected.

    Aren't they supposed to be holding payments from ebay for a certain period now, in case they have to refund or something. Can't say I'm thrilled about that and it's put me off selling on ebay, which I planned to do.
     
    Shaolin, Feb 26, 2008 IP
  6. DesignBytes

    DesignBytes Notable Member

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    #6
    guys I dont know where is there currency converter

    can anyone tell me whats the current , Paypal USD to INR (indian currency) rate

    Thanks so much

    Regards
    CB
     
    DesignBytes, May 13, 2008 IP
  7. cool_fs4u

    cool_fs4u Peon

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    #7
    it is shown on your account
     
    cool_fs4u, May 13, 2008 IP
  8. ePhase Networks LLC

    ePhase Networks LLC Peon

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    #8
    Fee Conversion. It's just how it works.
    Otherwise they'd be providing a free service
    for something they have to pay for.
     
    ePhase Networks LLC, May 13, 2008 IP
  9. DesignBytes

    DesignBytes Notable Member

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    #9
    where ?
    I am too dumb to find it :(

    pls give me some instructions of a sample screenshot of it , where its located
    as my account is indian, and my default currency is USD will it make any problem ?
     
    DesignBytes, May 13, 2008 IP
  10. esidyo

    esidyo Peon

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    #10
    I did from USD to GBP and GBP back to USD and lost $25 in that :(
     
    esidyo, May 14, 2008 IP
  11. DesignBytes

    DesignBytes Notable Member

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    #11
    can some one get me a screenshot or stuff of Paypals current currency exchange rates ?

    I wanna know, when I transfered the paypal USD money to my bank account (into INR , indian currency_ what rate would be applied :)
     
    DesignBytes, May 14, 2008 IP
  12. GARANTI

    GARANTI Peon

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    #12
    PayPal Login Needed for the above link. But you can exchange it live on http://free.abzarha.com without login to paypal :)
     
    GARANTI, Sep 2, 2009 IP
  13. WebBuddy

    WebBuddy Well-Known Member

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    #13

    Okay so I'll show you where.
    Use this way to browse.
    Login> My Account> Withdrawal> there is a small font link "currency converter" near the text box where it asks for the amount you want to withdraw .. you can click on it and convert to your heart's fill and then browse away from the page.. you don't actually need to withdraw.

    You can also put the words "PayPal currency converter" in Google. I bet it will throw up several links which you can use to convert the currency without even logging in to ur account !!
     
    WebBuddy, Sep 2, 2009 IP
  14. GARANTI

    GARANTI Peon

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    #14
    All you said, need login, but this one don't need >> http://free.abzarha.com
     
    GARANTI, Sep 2, 2009 IP
  15. pubdomainshost.com

    pubdomainshost.com Peon

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    #15
    You would get to the screen where the information is available only after you setup your bank account details within PayPal. Once that is done, follow the instructions provided by confused_freelancer
     
    pubdomainshost.com, Sep 2, 2009 IP
  16. DesignBytes

    DesignBytes Notable Member

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    #16
    hey,
    thanks guys, I followed confused_freelancer;s instructions and got to see it :)
     
    DesignBytes, Sep 5, 2009 IP
  17. WebBuddy

    WebBuddy Well-Known Member

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    #17
    How about a rep point then??;)
     
    WebBuddy, Sep 6, 2009 IP
    ~CB~ likes this.
  18. DesignBytes

    DesignBytes Notable Member

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    #18
    Oh sorry, I forgot that time. lol
    Usually, I do rep, but this time somehow forgot
    Repped :):confused: :D
     
    DesignBytes, Sep 6, 2009 IP
  19. jauhari

    jauhari Peon

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    #19
    How to use this currency tool?, I can't find on withdraw page
     
    jauhari, Jan 21, 2010 IP
  20. phenomever

    phenomever Peon

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    #20
    guys I dont know where is there currency converter
     
    phenomever, Jan 21, 2010 IP
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