Full refund not received after booking cancellation
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Hi folks.
I booked a place to stay online on Booking.com.
The cost was 158.92 euros, but I had to pay £150.37 with Paypal's exchange rate.
The booking allowed a free cancellation and I needed to used it. I have received only £143.35 though and not the full amount of £150.37, so it looks as though Paypal has kept the exchange rate amount I had to pay. This doesn't seem fair as it isn't really a full refund.
Is it possible for me to receive the rest of my money and who should I contact about it?
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If you buy currency from the post office to go on holiday and then take some back because you have not spent it all then you always get a lesser rate as they have to make a profit on changing the currency for you, same as paypal.
Advice is voluntary.
Kudos / Solution appreciated.
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Thanks for your reply.
So Paypal won't give me back the amount it took to exchange the money? I do feel a cheated as I made the booking with free cancellation available, so I assumed any money I pay, including the exchange fee, is returned if I cancel.
Also, Paypal took even more money than they made for the initial exchange, because since the transaction the pound has got stronger and/or Euro weaker, so they've made extra money on it.
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