Why am i losing money?

[Oujdilias]

I just keep losing money every day from my paypal account

I have $29,49 USD  and i got atm  19,66 EUR i keep losing about €0.10 EUR every day

On Universal Currency Converter : $29,49 USD =20.1774 EUR

I just dont get it is this normal??

[DivineBeing · Accepted solution]

Aloha,

It actually converts   $29.49 USD to 20.2258 EUR today 😉 but, I found this post from Contributor Amanda, which

explains why you are being charged a little more than the exchange rate. Here's what she stated:

Amanda

PayPal is not a currency dealer and therefore must purchase foreign currencies from its bank. Like many other financial service companies, PayPal adds a 2.5% spread above the bank's wholesale rate. PayPal's rate is competitive with most multi-currency credit card transactions.

Because PayPal does not charge a high fixed fee for sending international payments, the total cost of sending an international payment through PayPal is still lower than many international multi-currency bank transfers.

For more detailed information on the exchange rate, see the User Agreement.

😞  Not the best news for watching every EUR, but it does explain why you are converting to one amount

and being charged a different amount. I hope this helps you. Aloha.

[Oujdilias]

Thanks, but will my money rise step by step to my normal amount of money? Cause now i got 19,72 EUR its a little bit more, but its still confusing.