I think Paypal is a big sham and scam. I hope I´m right about the deduction below: My thought is that Paypal steals enormous amounts by having lousy exhange rates. The advertise with "no fees", but thats just because they steal money through the conversion. I was trying to buy some guitars, and started looking into this. One guitar was: €1495, which in my bank converts to 14904 NOK In Paypal 14904 NOK converts to €1439. 45€ stolen by paypal. Now, to actually make the recipient get whats his, I need to add more to my intitial sum. 15540=€1495 => 4.267% increase, which goes into Paypals pockets. Now, if I would use the "FREE" transfer between friends, I would use EUROs, but I would still get the horrible transaction rate, but its hidden.
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