Withdrawal exchange rate

Discussion in 'PayPal' started by Cucumba123, Aug 2, 2011.

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  1. #1
    What exchange rate applies when withdrawing the funds to the bank account? Is it the PayPal one or the bank's?
     
    Cucumba123, Aug 2, 2011 IP
  2. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #2
    It is PayPal's conversion rate as they send the money after converting it into INR. :)
     
    Digital_shubhi, Aug 2, 2011 IP
  3. Cucumba123

    Cucumba123 Well-Known Member

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    #3
    Ahhh, really? Damn, I lose about $40 during withdrawal using their rates..
     
    Cucumba123, Aug 2, 2011 IP
  4. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #4
    Well, you are from Sweden and I was saying about India.

    But there also, PayPal is the one converting money. May be banks also take some fee. You will see that when your withdraw money if whats the conversion rate.
     
    Digital_shubhi, Aug 2, 2011 IP
  5. karthimx

    karthimx Prominent Member

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    #5
    bake take some service tax too but depends on bank rules.
     
    karthimx, Aug 2, 2011 IP
  6. Card

    Card Well-Known Member

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    #6
    Now-a-days conversion rates are going at lower ad Paypal is giving it low from the start and also low from market rates :(
     
    Card, Aug 3, 2011 IP
  7. supersenwins

    supersenwins Well-Known Member

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    #7
    Dude, yes. It is not 2.5% fees anymore. they charge a lot more. They charge nearly 1.9-2.0 Rs/ USD. Terrible rates :(
     
    supersenwins, Aug 5, 2011 IP