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Paypal.

  • 06-08-2018 07:36PM
    #1
    kneemos
    Registered Users, Registered Users 2 Posts: 21,026 ✭✭✭✭


    How does £56 become €66 on a PayPal payment when the exchange rate makes it €62?


Comments

  • #2
    AllForIt
    Registered Users, Registered Users 2 Posts: 8,694 ✭✭✭AllForIt


    When the buyer pays the fee rather than the seller (for using paypal)

    or

    I know on ebay one can choose to use your banks conversion rates or theirs , maybe something like that is going on.


  • #3
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    Paypal profit on exchange rate.

    Current paypal rate is circa 1.17, so £56 = almost €66

    Official midmarket rate is 1.12 = €62

    But as you don't get mid market unless the transaction is in the tens of thousands, a normal bank card rate would be approx 1.14, about €64.


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