Author Topic: MY 3 cents worth  (Read 2514 times)

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Offline cyclegod

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MY 3 cents worth
« on: May 04, 2011, 05:00:56 pm »
Why is it that Paypal's US to AU exchange rate is ALWAYS 3 cents different to what is current? today is $1.09 but paypal is $1.06
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Offline head

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Re: MY 3 cents worth
« Reply #1 on: May 04, 2011, 05:26:06 pm »
no different to any of the banks, you never get the rate, it is allways 3-4 cents less and then 3-4 cents more when you change back the other way. Thats how they make their money.

Offline Mick D

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Re: MY 3 cents worth
« Reply #2 on: May 04, 2011, 05:26:47 pm »
Pay pal actually charge 2.5% to exchange currency.
This is on top of the 2.9% fee they charge the seller, for their services.

Sometimes it takes them a little longer to correct the rate.

Just like the Oil companies that are affected by the fluctuating dollar, they drag the chain when it suits them to gouge us a little deeper.
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Offline IT490K1983

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Re: MY 3 cents worth
« Reply #3 on: May 04, 2011, 09:08:13 pm »
On matters regarding money; how come the interest rate for a personal loan is currently sitting somewhere around the mid 14 % mark and our money sitting in our bank account is only worth about a third of that interest rate. Thieving, greedy %$#@ capatilists.  >:( >:( >:( >:(

Offline VMX247

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Re: MY 3 cents worth
« Reply #4 on: May 04, 2011, 09:34:26 pm »
On matters regarding money; how come the interest rate for a personal loan is currently sitting somewhere around the mid 14 % mark and our money sitting in our bank account is only worth about a third of that interest rate. Thieving, greedy %$#@ capatilists.  >:( >:( >:( >:(

Have a look at kids account % rates ..way good like the 70's....  ;D
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Offline Mick D

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Re: MY 3 cents worth
« Reply #5 on: May 04, 2011, 09:37:24 pm »
On matters regarding money; how come the interest rate for a personal loan is currently sitting somewhere around the mid 14 % mark and our money sitting in our bank account is only worth about a third of that interest rate. Thieving, greedy %$#@ capatilists.  >:( >:( >:( >:(

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« Last Edit: May 04, 2011, 09:41:25 pm by MICK-DE »
"light weight, and it works great"  :)

Offline VMX247

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Re: MY 3 cents worth
« Reply #6 on: May 04, 2011, 09:40:47 pm »
Aint she the happiest blond  ;D
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Offline Mick D

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Re: MY 3 cents worth
« Reply #7 on: May 04, 2011, 09:43:27 pm »
Yes, she does indeed have a very pretty smile. I didn't notice that until you mentioned it ::)
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Offline motomaniac

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Re: MY 3 cents worth
« Reply #8 on: May 04, 2011, 10:20:56 pm »
You don't have to use PAYPALS exchange rate . Whenyou go to pay there s an option to use PAYPAL'S or your banks credit card exchange rate . The card rate is also less than the qouted exchange rate but way better than PAYPAL's.

Offline crash n bern

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Re: MY 3 cents worth
« Reply #9 on: May 05, 2011, 11:13:41 am »
If your Paypal is hooked up through your credit card rather than direct debit, you will pay twice.  once through the paypal exchange rate then again through your credit card exchange rate.

Offline Hoony

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Re: MY 3 cents worth
« Reply #10 on: May 05, 2011, 03:07:21 pm »
Yes, she does indeed have a very pretty smile. I didn't notice that until you mentioned it ::)
 

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