PayPal fucked up?

**Mr.Fiction** · 02-27-2003, 03:05 AM

The dollar is coming back?

**Mr.Fiction** · 02-27-2003, 03:08 AM

Thinking more about this, shouldn't someone unethical be able to exploit that to make money somehow? Taking pounds and selling them for dollars, then change them back to pounds when they fix it, or something along those lines.

**stocktrader23** · 02-27-2003, 03:25 AM

Originally posted by Tipsy

Nice thought but it seems it's only pounds to dollars not the other way

Edited for possible no sleep stupidity.

**josipk** · 02-27-2003, 05:06 AM

happenes to me to.

they take from 8-13% of your income when withdrawing the money.

I know the USD dollar was buying $1.83 australian dollars but their exchange rate was giving me $1.67 Australian dollars after that I stopped using them.

**BritishTwinks** · 02-27-2003, 05:13 AM

Their £ to $ rate is always dodgy, but not usually *that* dodgy.

Are you in the UK ldinternet?

**Mr.Fiction** · 02-27-2003, 01:22 PM

Brits! Play the PayPal currency speculation game
By Drew Cullen
Posted: 27/02/2003 at 16:24 GMT

Reports are coming in from British users of Paypal who are pointing to its astonishing exchange rate today - £1 for 97c.

One reader informed us that he converted US $150 in his account today - he got £145. "I then withdrew it to my uk bank account with no hassles!"

http://www.theregister.co.uk/content/6/29508.html

**ldinternet** · 02-28-2003, 05:36 AM

Originally posted by CashAddict
Are you in the UK ldinternet?

I am. Seems to be more promising today.

Credit Card:
£581.44 from Visa XXXX-XXXX-XXXX-XXXX

PayPal's Exchange Rate as of Feb 28, 2003:
1 Pound Sterling = 1.54790 U.S. Dollars

:D

**ldinternet** · 02-28-2003, 08:08 AM

http://www.theregister.co.uk/content/6/29515.html

ahahaha

**FlyingIguana** · 02-28-2003, 08:17 AM

Originally posted by Mr.Fiction
Thinking more about this, shouldn't someone unethical be able to exploit that to make money somehow? Taking pounds and selling them for dollars, then change them back to pounds when they fix it, or something along those lines.

welcome to the wonderful world of arbitrage

looks like a big jump, not sure what banks are charging, but i would check into it. could make a decent % with no risk

**Mikey** · 03-02-2003, 02:55 AM

seems like they mixed up the pound sterling rate and the euro rate.

**AdultNex** · 03-02-2003, 03:30 AM

Btw, does anyone have the PayPal link to the transaction fees?

PayPal fucked up?

PayPal fucked up?

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment