Question Re: Something wrong in conversion rates in Member To Member Support DO NOT DELETE

Something wrong in conversion rates

paulb99999 — Wed, 09 Jun 2021 09:52:16 GMT

I purchased an item from a Chinese Seller at a cost of $989.00 USD. The rate coverter to UK £s said £697.81 which I paid immediately. During the payment process a screen came up with a value of £731.00, which caused me to Google the Current exchange which gave a figueof £698.07 so, I was happy with the slight variation. Two day later, the Paypal payment has cleared at £731.00, anyone got a clue why this is?

Re: Something wrong in conversion rates

red_magpie — Wed, 09 Jun 2021 10:02:06 GMT

You have probably overlooked the currencey conversion charge that all financial instutions apply when purchasing an item from abroad.

Re: Something wrong in conversion rates

61stephenuk — Wed, 09 Jun 2021 12:28:09 GMT

Paypal rates are higher than standard rates.

Using X-Rates,very similar to your result

BUT using Paypal rates much closer to your actual charge when adding the conversion fee as well

Tool used for Paypal Here