Paypal conversion rates insanely low ?!

Matei86
Contributor
Contributor

Hi,

 

I noticed that paypal changed the layout of the withdraw page, before i couldn't see the conversion rate and how much would i get in Romanian currency (RON). Even so, after withdrawing $500 to my credit card (in RON), i personally calculated the exchange rate which usually was 3.85 RON for 1 USD (this was one week ago). Since then, the USD currency got stronger compared to my local currency RON, therefore expected to receive more money.

 

Now the withdraw page shows how much money i will receive in RON and the conversion rate. I was shocked to see the insanely low conversion rate paypal was offering me! 3.78 RON for 1 USD!! This is about $12 less then i received one week ago for the same amount ($500)!!!

 

I feel like i'm getting ripped off by paypal!! What is going on here?!

 

I attached an image of the withdraw page showing paypal exchange rate and normal exchange ratespaypal conversion rate.jpg

Login to Me Too
20 REPLIES 20

TerryBW
Contributor
Contributor
Just stop using PayPal across currencies, GBP to AUD today with PayPal 1.2, my normal exchange 1.7, it's just a ripoff
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.