hello today i recieved a payment from a person and paypal says that " that money is on hold" what to do now . its never happened before. even for much bigger amount please help me i already contacted paypal but no reply. and why there is big difference between paypal exchange and market exchange rate for example paypal show 1$ = 46 INR , but actual market price is 1$ = 49 INR .
Their exchange rate is so poor because PEOPLE KEEP USING THEIR COMPANY AND ALLOWING THEM TO KEEP IT LOW. Jesus.
Sometimes paypal holds funds for investigation,they may even reverse the funds after few days. Ya paypal give their own rate,thats the way they make money.
Most likely paypal suspected fraud on the payment so in most cases you will not get that money so I would not ship the item or if you have there is not much you can do at this time just provide paypal with all the details that they want,.
There is a reason why they want to keep the funds on hold. It is part of ensuring that their system is clean, and is not being used for any nefarious purposes. PayPal is a profit making organisation. They won't exchange at the market rate, but at something lower than that.
They have to be cautious, or they may end up as what E-Gold had faced earlier on. People use it because it is still the best that they can get. It is a democratic world however, those who don't like Pay pal can choose not to use it.
there is a nearly 4% difference in their exchange. they charge 25$ on 500 $ it mean 5% here. and 1% on their service for checks and other things. total 10% of total amount.. you don;t think that 10% is really big amount for their commision
If you have received $100 payment then the charges are like:- $4.20 as Fee means = 95.8 Now you need to withdraw this amount then again you have to pay - $15. If you are from India then you will get an exchange rate of 1$ = 46.62 (Current) instead of $49.30 means you loose a total = Rs 268 means $5.74 let's add up now : 4.20 + 5.74 + 15 = $24.95 this is what you get from a $100 payment .. Shocking hmm... but this is what paypal does .. and you have nothing to do coz. Pay Pal is Best and we must pay for it's monopoly.
You are lucky. I had someone Paypal me about $1,500 and a month later Paypal said they wanted it back. I kept my money, but lost my account.
So in the case cited above, the fee would be $5 and not $15 right ? So you lose $4.2 + $5 = $9.2 (+ a virtual loss of $5.74)
We have no choice but to accept that exchange rate if we want to withdraw money from paypal, otherwise we could sell it to our countrymen at a higher rate, that's what I do for smaller amounts.
Touch wood but till now I never faced such problems with paypal. I always withdraw more then $200 from my paypal account so they don't charge me anything. I just have to pay nearly 2.9% commission when I receive money in my paypal account and nothing more then this.
yeah 5$ for less than 7000 INR. but their exchange rate has big difference between market price and their own price. they are charging around 5 % when we recieve funds. support 0/10 for me. what is their contact address. i contacted them via
was this an ebay transaction? As if it was paypal will release it to you once you tell them tracking number. if not then I don't know why the heck they would hold YOUR money...