1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Paypal Withdrawal: Paypal Showing Wrong Exchange rate

Discussion in 'PayPal' started by sar420, Dec 24, 2006.

Thread Status:
Not open for further replies.
0
Page 2 of 2
  1. malique

    malique Peon

    Messages:
    181
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    0
    #21
    thats normal. its paypal's business model.
    take it as an exchange fee.
     
    malique, Jan 12, 2007 IP
  2. honey

    honey Prominent Member

    Messages:
    15,555
    Likes Received:
    712
    Best Answers:
    0
    Trophy Points:
    325
    #22
    Yes, it is what it is...
     
    honey, Jan 12, 2007 IP
  3. Clive

    Clive Web Developer

    Messages:
    4,507
    Likes Received:
    297
    Best Answers:
    0
    Trophy Points:
    250
    #23
    And that makes many online businesses possible. Offering instant money payment solutions is a blessing afterall, imagine yourselves mailing cheques and then waiting for days / weeks to get to use that money. We have to pay for what we get, and we do :)
     
    Clive, Jan 12, 2007 IP
  4. eddy2099

    eddy2099 Peon

    Messages:
    8,028
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #24

    Did you read my post ? I did say that paypal uses the bank rates and that there is a 2.5% fees which are levied with the transfer. I did even place a hyperlink to Paypal website as a reference to the 2.5% fees which they clearly state on their website.

    Paypal computed that fees inside their exchange rate. So I am not wrong.
     
    eddy2099, Jan 12, 2007 IP
  5. sar420

    sar420 Notable Member

    Messages:
    3,147
    Likes Received:
    212
    Best Answers:
    0
    Trophy Points:
    230
    #25
    My sincere apologies friend. I said that in reply to your earlier comment. Somehow I missed this one that you made later...

    I guess you posted it just seconds before I posted mine, probably that's the reason I missed it
     
    sar420, Jan 13, 2007 IP
  6. PeterX

    PeterX Peon

    Messages:
    128
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    0
    #26
    I've opened a US$ bank account - doesn't have to be in the United States. Deposit PayPal payments to that account and convert to your currency locally. Foreign exchange is a competitive business and US$ is the most widely accepted currency. If you shop around you will certainly pay less than 2.5%.
     
    PeterX, Jan 13, 2007 IP
  7. agnivo007

    agnivo007 Peon

    Messages:
    4,290
    Likes Received:
    289
    Best Answers:
    0
    Trophy Points:
    0
    #27
    Yes, paypal currency conversion charge is 2.5%. So, expect Rs.1.10p-20p lower than the rate provided by xe.com
     
    agnivo007, Jan 13, 2007 IP
  8. sar420

    sar420 Notable Member

    Messages:
    3,147
    Likes Received:
    212
    Best Answers:
    0
    Trophy Points:
    230
    #28
    I didn't get you. I know that you can open a Dollar account in your bank, but the problem is that Paypal wont send me the payment in Dollars here in India. They just convert it to the local currency,.i.e. Rupees, before sending the payment. There's no option of getting it in US Dollars there orI myself would have done that
     
    sar420, Jan 14, 2007 IP
  9. projectw3

    projectw3 Banned

    Messages:
    713
    Likes Received:
    21
    Best Answers:
    0
    Trophy Points:
    0
    #29
    Bear with it..considering that we get to use paypal for free, I'm all for it. I seriously don't mind paying a little extra for the fees when I have sales coming in. If I have to pay monthly fees and all, I probably wouldn't even touch it at all.

     
    projectw3, Jan 14, 2007 IP
    Clive likes this.
  10. Clive

    Clive Web Developer

    Messages:
    4,507
    Likes Received:
    297
    Best Answers:
    0
    Trophy Points:
    250
    #30
    My point exactly, paypal is free and we have to accept that it doesn't charge monthly fees and that makes it more accessible than other options available.
     
    Clive, Jan 14, 2007 IP
Page 2 of 2
Thread Status:
Not open for further replies.