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Thread: Did Paypal just steal my money?

  1. #1
    Join Date
    Oct 2014
    Posts
    2

    Default Did Paypal just steal my money?

    Regarding the [URL="http://i.imgur.com/kAirzdZ.jpg"]automatic monthly withdrawal[/URL] every first of the month.

    First email notice("Your automatic transfer was successful")-
    >Dear xxxxx,

    > Your available balance was transferred to your Visa card issued in Croatia on Oct 1, 2014. The amount of the transfer was $141.30 USD.
    >
    > Your available balance is automatically transferred on the first day of every month.
    >
    > Yours sincerely,
    > PayPal
    Second email notice("Your money's is on its way to your card")-

    > Dear xxxxxxxxx,
    >
    > We’ve received your request to withdraw money from your PayPal account to your card:
    >
    > Requested withdrawal amount: 832.77 HRK
    >
    > Card: xxxxxxx
    >
    > Transaction ID:xxxxxxxx
    >
    > It usually takes 1-2 business days for the withdrawal to complete, but in a few cases, depending on your card issuer, it could take up to 30 days.
    >
    > Sincerely,
    >
    > PayPal

    So, when [URL="https://www.google.com/?gws_rd=ssl#q=dollar+to+kuna"]I look here[/URL], $141.30 is 856.64kn.

    That's a 23.87kn or $3.94 difference.

    Does anyone know from where does this difference come from?

  2. #2

    Default

    PayPal has a whole section in their user agreement about fees for currency conversion and I am sure that they do not convert using the daily exchange rate so you may end up getting a lot less then you think when you let paypal handle the currency conversion

    In the US paypal agreement it is under section 8. Fees and Currency Conversion.

  3. #3

    Default

    Paypal has some of the worst conversion rates in the industry and they charge you an arm and a leg for converting your money at a crappy rate. All while they make a fortune on it.

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