Something wrong in conversion rates

[paulb99999]

Hi

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?

[61stephenuk]

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

[red_magpie]

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