Whats wrong with PayPal system ?

Discussion in 'PayPal' started by QubeSys Technologies, Jan 20, 2012.

  1. #1
    Yesterday, I did a withdrawal of $1,746.12 USD , which was Rs 84,970.04 INR.

    Just now, someone posted an dispute for a 25$ transaction for one of our product double entry transaction and PayPal cancelled that total bank withdrawal of 84,970.04 INR.

    So, as per me, it should be 1746 - 25 = 1724$ in my account.


    But I just have 1614$ .

    Where did the other 135$ go ?


    See screenshot.

    [​IMG]
     
    QubeSys Technologies, Jan 20, 2012 IP
  2. JoomlaDesigner

    JoomlaDesigner Active Member

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    #2
    Nothing wrong. This is how it works always. You lost $$ during currency conversion. I also lost $280 once one my withdrawal got reversed.
     
    JoomlaDesigner, Jan 20, 2012 IP
  3. QubeSys Technologies

    QubeSys Technologies Active Member

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    #3
    yesterday, it was 48.75 and today its, 48.84 , then how come currency conversion ?

    Thats the doubt.
     
    QubeSys Technologies, Jan 20, 2012 IP
  4. JoomlaDesigner

    JoomlaDesigner Active Member

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    #4
    When withdrawal was done, for 1746.12 you got 84970.04(1746.12 x 48.66).

    But When reversal was done rate was they gave you $1638.04 for your 84970.04 INR. So they take 51.87 INR for a single $.

    This is something like you do currency exchange at local exchange shops.
    When you buy $$, they take more rate and when you sell $$, they give low rate.

    Got me?
     
    JoomlaDesigner, Jan 20, 2012 IP
    Kiros likes this.
  5. Kiros

    Kiros Active Member

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    #5
    @JoomlaDesigner

    Thanks a lot , your post explained to me same problem been suffer all the time :( and never understood where is the difference goes !
     
    Kiros, Jan 20, 2012 IP