Author

Topic: Paypal Policy Change (Read 1194 times)

legendary
Activity: 924
Merit: 1001
January 27, 2014, 02:48:07 AM
#5
F@ck paypal! They charge 4.4%+$0.3 in our country plus they screw you with their currency conversion and take around 3-4% of your money.
 

dont get me started.

I bought a guitar from spain and paid in paypal.
the official exchange rate EURNZD was something like $1.65. they would have charged me @$1.71!!! so I used the visa debit exchange rate, which turned out not much better, and then my bank slaps me with a $20 overseas margin call!! they had absolutely nothing to do with it!!
the fee was 3.6%
I paid $400 more than I needed to for the guitar. It was a $3500 guitar.

Bitcoin will save us.
sr. member
Activity: 336
Merit: 250
January 27, 2014, 02:34:17 AM
#4
F@ck paypal! They charge 4.4%+$0.3 in our country plus they screw you with their currency conversion and take around 3-4% of your money.
 
hero member
Activity: 602
Merit: 500
In math we trust.
January 26, 2014, 09:15:04 AM
#3
That's good news.
It looks like paypal is is trying to get over bitcoin.
But they can't do anything since bitcoin is much better in every aspect
newbie
Activity: 14
Merit: 0
January 26, 2014, 06:59:59 AM
#2
Ofc they are under pressure, they do not want to sit on too much emerging market fiat.
legendary
Activity: 924
Merit: 1001
January 26, 2014, 04:19:53 AM
#1
I just received an email from paypal, it's a change of policy regarding fees. Im not proud of having a paypal account, but here it is;

" Changes to Fees for Receiving eChecks for Sellers in China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam

For Sellers in the following countries: China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam, there is a maximum fee per payment for receiving eCheck-funded payments as follows. The cap depends on the currency of the payment.

China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam
   

Currency :
   

Fee :

Argentine Peso:
   

150.00 ARS

Australian Dollar:
   

50.00 AUD"


etc......
Maybe they are under pressure??
Paypal is not the kind of company that lowers fees in the customers interest.....
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