Paypal's currency exchange rip-off

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  • SilentKnight
    Megan Fox's fluffer
    • Oct 2005
    • 24812
    #1

    Paypal's currency exchange rip-off

    As of 12 noon (May 11, 2006) the current exchange rate (quoted from the Federal Reserve Bank of New York) for U.S. to Canadian currency is:

    1 U.S. Dollar = 1.0989 Canadian Dollars

    As of 12 noon (May 11, 2006) the current exchange rate available on Paypal for U.S. to Canadian currency is:

    1 U.S. Dollar = 1.07250 Canadian Dollars


    A difference of 2.6 cents on every dollar.
    Tags: None
    • woj
      <&(©¿©)&>
      • Jul 2002
      • 47880
      #2
      hardly suprising...
      Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
      Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager
      Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

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        • Barefootsies
          Choice is an Illusion
          • Feb 2005
          • 42635
          #3
          Should You Email Your Members?

          Link1 | Link2 | Link3

          Enough Said.

          "Would you rather live like a king for a year or like a prince forever?"

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            • Vox
              Confirmed User
              • Mar 2002
              • 2710
              #4
              Originally posted by SilentKnight
              As of 12 noon (May 11, 2006) the current exchange rate (quoted from the Federal Reserve Bank of New York) for U.S. to Canadian currency is:

              1 U.S. Dollar = 1.0989 Canadian Dollars

              As of 12 noon (May 11, 2006) the current exchange rate available on Paypal for U.S. to Canadian currency is:

              1 U.S. Dollar = 1.07250 Canadian Dollars


              A difference of 2.6 cents on every dollar.
              My bank charged me the same rate yesterday of 1.07

              For amounts under 10k you usually get shafted by 2 points.
              Social profile assassination for hire

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                • madawgz
                  8.8.8.8
                  • Mar 2006
                  • 30509
                  #5
                  paypal always take a huge cut in everything
                  TAEMDLRMSKRJIXMRLSMRJ.

                    Comment

                    • Yngwie
                      I am an Alien from space
                      • May 2003
                      • 11118
                      #6
                      banks take the same or more so either way we get fucked. They don't "buy" your US money at the actually exchange rate. They "buy" it at a cheaper price so they can sell it for more and make a profit.
                      ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

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                        • Doctor Dre
                          Too lazy to set a custom title
                          • Jan 2001
                          • 51692
                          #7
                          Old news bud ... look in their tos, they keep a margin of like 2.5 %
                          Originally posted by rayadp05
                          I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

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                            • SilentKnight
                              Megan Fox's fluffer
                              • Oct 2005
                              • 24812
                              #8
                              Originally posted by Doctor Dre
                              Old news bud ... look in their tos, they keep a margin of like 2.5 %
                              True...I knew it was nothing new. But I haven't checked their tos for ages, and usually assumed they were closer to the nightly news exchange rates than what they actually are.

                              These days with the exchange sucking out so bad - we're just taking a second look at all the places we're being shaved. Seeing where we can recoup some of those losses.

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