• Paypal currency exchange – ripoff

    by  • 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.

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