It's not just the fee. I know the fee is happening but they're also not converting the currency properly.
PayPal issues...again...WTF?!? (1 Viewer)
- Thread starter hdgeno
- Start date
It's not just the fee. I know the fee is happening but they're also not converting the currency properly.
Are they taking the 4.90 fee from both ends of the transaction?
PP always has a horrible exchange rate since they are skimming on every transaction.
It's basically eating almost 10 bucks of the transaction. That's bullshit.
Thats the problem. I`m feeling so sorry for @Marhault that he had to pay the fee, but the exchange rate simply is sick. 0,8675 instead of 0,91 means nearly five cents per dollar difference.
Yeah they're likely not giving you a spot rate and inflating the conversion a bit in their favor, plus charging the flat fee only to you for currency translation.
I don't mind the fee. That's part of doing business. But taking this shadow skimming on the conversion is just bull. It's costing 10% to make a transaction when you figure the fee in. It's silly.
It just sucks that there isn't many better options for sending funds internationally. Google Pay might be worth a shot.
Jesus, $5 fee and 5 cents per dollar. Wild...
Try venmo?? They're run through paypal but the rates might be better. You can also try Google pay
CdnBeerLover
Full House
Yup. I normally add 3% to the Bank of Canada exchange rate when figuring out what PP will use as an exchange rate (so, if BoC uses $1.32 CDN = $1 USD, I'll assume PP will use $1.35). That's normally pretty close.
Jeevansluck
Royal Flush
And I have to pay similar fees when I buy from Americans. Make no difference. Just the fee size differs.
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