US $5 fee for automatic money transfer??
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Hey, I got an email stating that the monthly money transfer (of my paypal money to my bank) was done today. But I notice that there was a US $5 fee. In the past, there was no such fee for monthly automatic money transfers, so why/how has this changed now? Thank you in advance for your assistance.
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This is sooo weird but i guess thats good you had the conversion better than they do it, right?
I do think though the $5 is some bug or mistake from paypal's side because of the emails. But honestly at this point of the year and because of all the money problem i had with other online services recently, i'm not even surprised of anything anymore. I'm just a bit confused as i didnt expect such mistake form paypal i guess.
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it is not good at all for me, They made over $35 off me with something I didn't request nor consented to period. Their currency exchange rate is Egp 15.25 per 1 dollar when it is so much higher using my own bank. I think it is ridiculous what is happening right now. I have never had issues with PayPal concerning automatic transfers and such which is why i've been their customer for a long time but if they don't fix that problem I'm considering closing my account period! I will not tolerate that
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Hey guys, I finally got help for this issue. I sent Paypal this message (below) to its message center. This is the link to the message center: https://www.Paypal.com/tt/smarthelp/contact-us
Please select "message us". Edit the message below (by inserting your respective info). Also, add an attached picture (a snapshot of your Paypal account) that can show instances where you received money in your preferred currency, in the past. So, in my case, I was accustomed to receiving money in USD, so I went into "recent activity", located in "summary", then using snipping tool (camera application on windows), I took a snapshot of a previous transaction that was sent to me in USD, as well as the recent transaction where the money was converted by Paypal without my permission. All of this is proof. After you upload your picture(s)/ proof, enter your edited message (the template is below), with your specific info plugged in.
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Hello Paypal, my name is ______, and the transaction ID of the money transfer is: ______________
I got an email stating that an automatic money transfer was done on _____ date. As you know, automatic money transfers involve the sending of my Paypal money to my local bank account (via my visa card). These transactions take place at the end of the month, and they are 100% free. However, on this occasion, I noticed that there was a ___ fee that was taken out during this automatic money transfer. Can you kindly reimburse me for the ____ fee, since most likely this is an error.
Additionally, I noticed that Paypal ended up converting my ___dollars into ___ dollars (which I did not ask them to do). Then Paypal sent the converted ___ dollars into my local bank account. The conversion process most likely cost me the fees that I mentioned before. So, aside from reimbursing me the ___ fee, I would like you to update my account by removing the automatic fee conversion, please. Once more, I'd like my monies send to me in ___ dollars. Thank you in advance for your assistance!
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Things to bear in mind after sending this message:
1) Do not lose your patience with the Paypal agent(s). They are there to help you. Some of them might genuinely be unaware of what is causing the conversion problem. I did this (I lost my temper) and one agent automatically closed off my case without helping me (lol).
2) If an agent "accidentally" closes off your case, just re-open a new one by sending a NEW message. Reuse and resend your message template if you have to.
3) If you recently removed a credit card/ debit card, and added a new credit card/ debit card, then this might be causing the accidental money conversion, which then triggers a fee deduction. So just in case, if you recently added a new credit card/ debit card, mention this to the agent handling your case. Ask them if this is causing the accidental money conversion/ fee deduction issue, and let them resolve it on their end.
4) Depending on which country you are in, sometimes your messages are transferred from one agent to another, before someone is finally able to actually assist you. In my case, about nine agents kept passing my case around, until one agent (agent number 10) was finally was able resolve it. Again, keep your cool and don't lose control.
5) It took a total of EIGHT DAYS for my case to be resolved. I checked my Paypal account at least once a day to make sure I did not miss any messages from the Paypal agents, because apparently, you do not always receive an email from Paypal, stating that the Paypal agent answered your question(s).
I hope this helps guys! Bless. Ciao
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Hey Eman, sorry that I couldn't be of further help. I myself am looking for answers as well. In the past, after paypal transferred the monies into my bank account, they would email me stating this. So, for example, if I had US$20 in my account, every first day of the new month, they would email me indicating "You transferred money to your bank". And in that very same email, according to the transaction details, the amount that would have been transferred into my bank account would state, in this example, US$20. Now however, paypal is no longer sending over the monies in US dollars, but they are actually converting the monies into my currency before it reaches my local bank account. My local bank already does this for me automatically, so I am unsure as to why any of these new changes are occurring, unless paypal made some new policy changes and I am unaware that these changes took place. Anywho, I hope you are able to reach out to paypal and they are able to resolve it, or at lease give you some much needed answers.
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oh, its ok, thank you for posting this for us. i hope you too can find help and fix this soon. I think the "call us" option disappear when they are too busy, when someone gets available, it reappears again. I never saw it in my case but thats how other some websites' support work.
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Ok, now I know 🙂 Thanks for your feedback. I'll try to contact paypal again later, or check later to see if they replied to my message queries. I hope you guys get this issue resolved as well.
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Apparently the only way to contact them now is through '' PayPal assistant '' Which is also weird.. I have tried numerous times calling them but it simply doesn't work, I'm so frustrated right now. I have gone through their terms of service and they broke lots of it!!
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It is completely weird, I didn't request a currency exchange, my bank does that for me aswell. They only did that because they can make money off of it, 1 USD = 15.7 In our local banks, They convert it 1 USD = 15.25. I also have a dollars account so I receive the dollars directly into my savings, So why the currency conversion, I have no clue. You are lucky to find that call us option, ever since covid 19 started it disappeard for us here in Egypt, we can only contact them through the PayPal assistant, it is so weird when almost every company is back in business and functioning %100. I agree with you on the $5 fee, I already pay fees when I send money even to family, If they are going to charge us a fee why would we wait for the first of the month?? It is so weird
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Hey, sorry that I couldn't be of further help. I myself am looking for answers as well. In the past, after paypal transferred the monies into my bank account, they would email me stating this. So, for example, if I had US$20 in my account, every first day of the new month, they would email me indicating "You transferred money to your bank". And in that very same email, according to the transaction details, the amount that would have been transferred into my bank account would state, in this example, US$20. Now however, paypal is no longer sending over the monies in US dollars, but they are actually converting the monies into my currency before it reaches my local bank account. My local bank already does this for me automatically, so I am unsure as to why any of these new changes are occurring, unless paypal made some new policy changes and I am unaware that these changes took place. Anywho, I hope you are able to reach out to paypal and they are able to resolve it, or at lease give you some much needed answers.

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