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Yesterday, I considered making a withdrawl from my paypal account for the
first time. The exchange rate from $US to $CDN is disappointing.
They brag about how great their rates were in October 2001:
"PayPal's Improved Canadian Exchange Rate
PayPal now offers our Canadian members a new, improved Canadian foreign
exchange rate. The table below shows how PayPal's competitive exchange rates
will give you more money.
Compare PayPal's Canadian Exchange Rate for Withdrawals
USD Rate Canadian Dollars
C2it $100 1.4729 $147.29
Western Union $100 1.5151 $151.51
PayPal $100 1.5520 $155.20
Published rates from October 23, 2001"
When I looked into a withdrawl yesterday, the rate they gave me was 1.4941.
The rate at www.oanda.com is 1.5392.
This amounts to 3% surcharge - another rip-off of international customers.
Jeff J
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Message has 2 Replies:
 | | Re: Paypal exchange rate
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| (...) Yes but it may be a bigger or smaller rip than the competition... can you easily determine what the C2it or WU rates are for the same date as the 1.4941 rate you quote? Or conversly can you determine the 23 October oanda rate to see if it's 3% (...) (22 years ago, 16-Jul-02, to lugnet.market.services, lugnet.loc.ca)
| | | Re: Paypal exchange rate
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| Jeff Jardine wrote in message ... (...) When they first started letting Canadians withdraw to a bank account, the exchange rate was very bad. Example: on June 19th I withdrew from Paypal to my bank acct and got 1.4798. Oanda.com shows 1.5356 for (...) (22 years ago, 16-Jul-02, to lugnet.market.services, lugnet.loc.ca)
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