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-   -   Paypal question (Canadian-USD rate?) (http://www.blowoutcards.com/forums/hockey/343881-paypal-question-canadian-usd-rate.html)

Dwade Collector 08-02-2012 02:40 AM

Paypal question (Canadian-USD rate?)
 
Hey guys, I am a basketball guy who knows nothing about hockey, but I have a question to ask my fellow Canadians out there. :)!
My question is:

Why does paypal say that my CAD is greater than the USD when converted (Meaning that CAD is worth more than USD)
But when I go to spend, the USD becomes greater than the CAD (Meaning that the CAD is worth less than the USD)

Example in "inaccurate numbers" to prove my point:

Paypal balance: $150 CAD = $160 USD

Sending payment: $100 USD = $110 CAD

I am really confused about this, can someone please explain why paypal is screwing up the exchange rates.

Major_League 08-02-2012 02:52 AM

Because PayPal are thieves. They take a cut of the exchange both ways. Since the US and CDN $ are so close to parity it flip flops.

Dwade Collector 08-02-2012 02:58 AM

[QUOTE=Major_League;3069968]Because PayPal are thieves. They take a cut of the exchange both ways. Since the US and CDN $ are so close to parity it flip flops.[/QUOTE]


Thanks for the reply my friend, that what I was thinking but I didn't want to say it. I checked the actual exchange rate and it is basically DEAD even 1:1. Paypal HAS to be taking a cut off of both ends!

Major_League 08-02-2012 03:06 AM

[QUOTE=Dwade Collector;3069982]Thanks for the reply my friend, that what I was thinking but I didn't want to say it. I checked the actual exchange rate and it is basically DEAD even 1:1. Paypal HAS to be taking a cut off of both ends![/QUOTE]

The fact this is legal I just don't understand. Or is it? Lol

Dwade Collector 08-02-2012 03:52 AM

[QUOTE=Major_League;3069992]The fact this is legal I just don't understand. Or is it? Lol[/QUOTE]

Me neither, it obviously doesn't add up tho..........

thetintwiz1 08-03-2012 01:11 AM

PayPal is A horrible she-devil that will suck the life out for us all. They are the worst. I hate them and if a legit company that offers what they do comes along PayPal can F- Off.
I live In NC and love hockey and it of course my brothers to the north and I deal with each other a lot. Its just plan BS. So your not alone NO ONE (that includes god) know what the hell there doing


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