Ebay Conversion Rate Woes - Coin Community Forum

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Author	Replies: 3 / Views: 2,051
Kefiroth Pillar of the Community United States 1431 Posts	Posted 06/13/2015 7:52 pm Had a very frustrating situation arise just now. I was bidding on a coin from a Canadian seller, and was careful to check the CAD/USD conversion rates supplied by ebay and other internet sources so I could set my maximum bid such that it would not exceed my current account balance if won. Well, it turns out that I did win. However, when I go to checkout with Paypal, I find that they have their own conversion rate (higher of course ), such that it sends my total a few dollars over balance. I sent a message to the seller to explain the situation, and hopefully he understands. I will have to wait at least 3 days now to clear extra funds. I accept that I am partially to blame for cutting it so close in the first place, but I really was not expecting Paypal to gouge me on rates like that. Let this serve as a warning to others who might make the same mistake . Report this Post to the Staff

SilverStackerKid Pillar of the Community United States 6478 Posts	Posted 06/13/2015 7:56 pm That is ridiculous! PayPal really is though like that. Thank god ebay and paypal are parting ways. Report this Post to the Staff
Kefiroth Pillar of the Community United States 1431 Posts	Posted 06/13/2015 8:01 pm Actually, a little more research revealed that Paypal charges an extra 2.5% on all CAD/USD exchanges. It's probably in their terms somewhere so I suppose that's really on me for not knowing. Doesn't make it any less annoying though. I've bought from Canadian sellers several times in the past, but I suppose those were smaller amounts that didn't cause such a noticeable difference in price. Edited by Kefiroth 06/13/2015 8:03 pm Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 06/13/2015 8:04 pm We are a Canadian seller and we only want US dollars. Listing in Canadian dollars is silly anyways. You get way more response and business listing in USD.Never having to convert currencies saves a ton of headaches. Hope it all works out for you. PayPal and ebay are both currencies conversion bandits. Report this Post to the Staff
	Replies: 3 / Views: 2,051

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