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NoPaypal Horror Stories: PayPal Did it! Thread: CAN ANYONE EXPLAIN THIS!? -- Page 1 | Jump To: 

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Thread: CAN ANYONE EXPLAIN THIS!?
island
Big BOSS

From: Ireland
Messages: 1469
 CAN ANYONE EXPLAIN THIS!?
Sent: 04-27-2005 04:24
  Reply



paypalisfraud, it's simple. You spend CA$1405.75 to get US$1100, but US$1100 will only buy you CA$1336.33. Just the same as any other foreign exchange service, there is what is called a spread, by which conversion agents make their profits.
(On a side note, I recommend withdrawing ALL your money from PayPal NOW (at the rate of less than US$2000 per day) because PayPal have a very high tendency to decide that they want to keep your money for some real or imagined reason.)

 

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<Zer0Cool>
Not Registered

From: N/A
Messages: N/A
 CAN ANYONE EXPLAIN THIS!?
Sent: 04-26-2005 19:21
  Reply



paypalisfraud, what country are u from usa or Cand

 

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paypalisfraud
New User

From: Canada
Messages: 14
 CAN ANYONE EXPLAIN THIS!?
Sent: 04-26-2005 17:06
  Reply



I was just recently in paypal, going to transfer some of my money into my bank account.

So I wanted to see how much $1100 USD was in Canadian. So I went to send money, put in an address to someone that I have sent money to before, and hit send. Then I received a screen saying "Total Amount: $1,100.00 USD (equal to $1,405.75 CAD)"

So I said to myself "Perfect, I will send my bank $1100 USD, since i need roughly $1400 Canadian." Then I go to "Withdrawal" in the paypal account. I type in $1100 USD, and all of a sudden it says

"From This Balance:
U.S. Dollar Balance

Amount:
$1,100.00 USD
Exchange Rate:
1 U.S. Dollar = 1.21485 Canadian Dollars
Gross Amount:
$1,336.33 CAD"

How on earth does this make sense? I thought I typed in the wrong number the first time, so I tried it twice more, and received the same numbers. Does this make sense to anyone?

 

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