Exchange rate discrepancy

Irridian
Contributor
Contributor

Have noticed discrepancies in the PayPal exchange rates for some time but 

I just did an order that was $726.20 USD  and looked up current exchange rate at 991.7636 ( 1 CAD = 0.7423 USD) . Paypal Exchange rate $1,023.55 CAD = $736.20 USD1 CAD = 0.7193 USD

$1,023.55 - $9[Removed. Phone #s not permitted]CAD that is quite a difference . WHY?

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@Irridian 

 

If you look on google you can see the rate for rate exchange values.

However if you go to buy holiday money you would not pay that rate you would pay a rate that gave a profit to the company getting that currency for you.

Same with paypal, if they are doing currency exchange for you then they make a profit on it.


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