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Old 06-27-2016, 02:22 AM   #1
Oracle Porn
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Currency conversion rate Paypal? WTF?

Anyone noticed something different in the conversion rate since Friday? They want to charge me 10% instead of the usual 2.5% conversion rate fee, basically taking 10cents from every dollar I want to withdraw, is it just me or did anyone notice the same?
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Old 06-27-2016, 02:32 AM   #2
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Paypal has always offered crazy currency conversion fees.

Right now though, I think they are just covering themselves with an extra buffer because of the big currency movements we have seen since Britain voted for Brexit. Both today and Friday we have seen much larger currency movements than under normal circumstances. The extra insecurity causes "monopolists" like Paypal to move over the entire cost and risk onto the consumer, since no one else can exchange your Paypal funds for you, thus giving you no choice.
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Old 06-27-2016, 02:51 AM   #3
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so I gave them a call, apparently it's an error because of the brexit that should be fixed by tomorrow, will see....
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Old 06-27-2016, 08:35 AM   #4
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so I gave them a call, apparently it's an error because of the brexit that should be fixed by tomorrow, will see....
omg, really strange. & FYI, usually I withdraw for free, no charges
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Old 06-27-2016, 08:45 AM   #5
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Paypal has always been good for things like that. Anytime anything seems off, just call them.

A good way to save money is to open a bank account in the default currency (USD$?), pay to it via Paypal, and let your bank do the conversion. This should save you a few points.

You can also try using XE - The World's Trusted Currency Authority too.
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Old 06-27-2016, 09:45 AM   #6
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omg, really strange. & FYI, usually I withdraw for free, no charges
TD bank , charges $3 at the machine
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Old 06-27-2016, 11:09 AM   #7
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yeah i use them and the are so fuckin expensive now
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Old 06-27-2016, 04:37 PM   #8
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Paypal sucks ...
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