Paypal Exchange Rates
wigan_number_1
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Posted on
May-20-2016
02:51 AM
What a bloody RIP-OFF!
£22.83 GBP
PayPal Conversion Rate as of 20 May 2016: 1 British Pound = 1.92829 Australian Dollars
ACTUAL Exchange Rate TODAY on most sites should be no more then £21.66 GBP
All this means, is that BOTH the Buyer and the Seller are being **RIPPED-OFF** by PAYPAL and they are laughing all the way to the bank.
Unless this Company starts to "play fair" and STOP ripping us off, we will STOP buying using this payment service!
1 REPLY 1
PayPal_Anna
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May-23-2016
12:31 PM
Hi wigan_number_1,
Thank you for posting and welcome to the Community Forum!
I’m sorry to hear about this.
Please note that the currency conversion rate is displayed before you accept the transaction.
Did you know that if you pay with a card, you can choose for the currency conversion to be performed directly by your bank?
You will need to check the current bank rate directly with your bank as this information won’t be available during the payment.
Hope it helps.
Anna
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