widrawing money from paypal at correct time

Discussion in 'PayPal' started by ToP_Designer, Oct 1, 2009.

0
  1. #1
    I just wanted to know How to check the currency exchange.
    While we widraw from paypal

    while paypal give us.Sometimes
    1$ = 46 inr

    because everyday the $ are fluctuating .

    How does paypal convert $$$ into INR, where can we check.


    T_D
     
    ToP_Designer, Oct 1, 2009 IP
  2. pothi

    pothi Member

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    #2
    It's better to withdraw during the weekend where the trading is halted.
     
    pothi, Oct 1, 2009 IP
  3. SkyisLimit

    SkyisLimit Well-Known Member

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    #3
    Forex trading does not halt, trades round the clock.
    PP has its own exchange rates, that is draw back with paypal.
     
    SkyisLimit, Oct 1, 2009 IP
  4. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #4
    You can check it using their Currency Converter !

    It will show how much they will pay you for your money !
    That option comes when you click on "Withdraw money via Bank"

    - Digital -
     
    Digital_shubhi, Oct 1, 2009 IP
  5. OldEgold

    OldEgold Peon

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    #5
    they have their own exchange systm e.. cant predict ... u can see by Previewing ur order
     
    OldEgold, Oct 1, 2009 IP
  6. ToP_Designer

    ToP_Designer Peon

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    #6
    well actually i am using window 7 ultimate and have Gadgets to view the currency.

    when 1$ = 49.123 inr

    i was widrawing 500$ but suddenly i was shocked to see the paypal rates.

    which was 1$ = 46.213 inr :(

    Anyway, I got the answer.

    T_D
     
    ToP_Designer, Oct 1, 2009 IP
  7. campuzhero

    campuzhero Peon

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    #7
    Thanks...............
     
    campuzhero, Oct 1, 2009 IP
  8. D3xter

    D3xter Member

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    #8
    Use Currency Converter link before you submit the amount ;)
     
    D3xter, Oct 2, 2009 IP
  9. SkyisLimit

    SkyisLimit Well-Known Member

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    #9
    those rates are not as WYSIMOLWYG. it does not mean with the online exchange rates. those are interbank rates, not for the people. you can not get these same exchange.

    XE(.)com you can get some idea. I use FXware for for my desktop. do not match two converters at a single currency. at single amount.

    But paypal is ridiculous.
     
    SkyisLimit, Oct 4, 2009 IP
  10. aimex77

    aimex77 Active Member

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    #10
    Paypal will take a certain percentage when you convert to another currency.

    I live in Singapore and I convert US dolars to Singapore dollars.

    If the exchange rate is high, you just convert to your own currency.

    Hope this helps.
     
    aimex77, Oct 4, 2009 IP
  11. D3xter

    D3xter Member

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    #11
    I checked my bank statement and the conversion was made at MasterCard/VISA's exchange rate. Generally, those rates are pretty good.

    To aimex77: PayPal take a certain percentage when you convert to another currency in your PayPal account, not on withdraw.
     
    D3xter, Oct 5, 2009 IP