Paypal currency exchange – ripoff
by admin • December 7, 2012 • Internet, Today • 0 Comments
Check this out (from my Paypal statement):
| Total amount: | -$625.99 USD (equals -€504.80 EUR) | |
| Fee amount: | $0.00 USD | |
| Net amount: | -$625.99 USD | |
| Date: | 11-Sep-2012 | |
| Time: | 10:29:23 IST | |
| Status: | Completed |
And now go to http://www.oanda.com/currency/converter/ and try to exchange $625.99 USD to EUR. What do you get? 504.80 EUR? Less, right? So this is how it should be… Now Paypal converted EUR to $ from my account and instead of approximately 480EUR charged 504.80EUR … And they call it Paypal exchange rate. Huh.
