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How about a FAIR exchange rate paypal?

New Community Member

How about a FAIR exchange rate paypal?

I sent money to a friend that receives in Euros.  This is money ALREADY IN MY ACCOUNT.  You are not using a credit card.  For that privilege, you STEAL about 5.5% PLUS you make me pay a transaction fee of $2.50 on top of that. 

 

You may not realize it in your day-to-day activities but many of us are constantly finding and using other services / methods to move money.  You're charging me MORE than I pay for a merchant fee when a credit card is involved.

 

BIG rip off.

2 REPLIES
Volunteer Advisor

Re: How about a FAIR exchange rate paypal?

@mdcomputerguy

 

You do know that its not compulsory to use Paypal do you?


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
New Community Member

Re: How about a FAIR exchange rate paypal?

Voluntary ... of course.  Just like eating, paying taxes and putting gas in my car are all voluntary. 

 

I was just asking that a company I do business with treat me fairly.  Taking in excess of 5.5% of my money on a single transaction is not fair when bank accounts are paying less than 2% per year.

 

Thanks for a not-very-useful reply.

 

This response also voluntary.