You are using an out of date browser. It may not display this or other websites correctly.

You should upgrade or use an alternative browser. Discussion in ' PayPal ' started by NetworkTown. Net , Aug 19, Log in or Sign up.

How often does paypal update currency rate Discussion in ' PayPal ' started by NetworkTown. Someone clean my confusion up for me. Net , Aug 19, IP.

This may explain the difference. Besides XE uses a different bank than Paypal so the exchange rate would not match but can vary depending on Paypal's banks rates for the day. PayPal is not a currency dealer and therefore must purchase foreign currencies from its bank. PayPal receives a quoted wholesale rate from its bank twice a day and adds a 2. The dollars must be converted to pounds sterling before withdrawal.

Currency exchange rates for paypal - Stack Overflow

Why is the foreign exchange rate different from what I see in the newspaper? A more applicable comparison for consumers is the exchange rates quoted at airports or other consumer currency exchange shops. Visa and MasterCard benefit from a lower wholesale rate than PayPal, but PayPal seeks to keep its foreign exchange rates competitive with credit card transactions and other online payment service providers such as Western Union.

Because PayPal does not charge a high fixed fee for sending international payments, the total cost of sending an international payment through PayPal is still lower than for many international multi-currency bank transfers. I was also confused by Paypals exchange rate compared to that of xe. Paypal fail to mention their fee when converting currencies, I suppose its clearly stated in their terms and conditions Komicwords , Apr 6, IP.

Paypal sucks big time, they could just have a page that displays all this information in real time instead of hiding it, only showing when somebody makes a transaction.

RightMan , Apr 6, IP. You must log in or sign up to reply here. Your name or email address: Do you already have an account?

Paypal conversion rate - PayPal Community

No, create an account now. Yes, my password is: Home Forums Search Forums Recent Posts Spy. Buy Ad Space Sell Ad Space On Your Sites Advertise on digitalpoint.

Notable Members Current Visitors Recent Activity User Map Directory New Profile Posts. Search titles only Posted by Member: Separate names with a comma.

Search this thread only Search this forum only Display results as threads. Contact Us Help Home RSS.