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Old 08-02-2012, 02:40 AM   #1 (permalink)
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Default 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.
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Old 08-02-2012, 02:52 AM   #2 (permalink)
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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.
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Old 08-02-2012, 02:58 AM   #3 (permalink)
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Quote:
Originally Posted by Major_League View Post
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.

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!
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Old 08-02-2012, 03:06 AM   #4 (permalink)
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Quote:
Originally Posted by Dwade Collector View Post
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!
The fact this is legal I just don't understand. Or is it? Lol
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Old 08-02-2012, 03:52 AM   #5 (permalink)
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Quote:
Originally Posted by Major_League View Post
The fact this is legal I just don't understand. Or is it? Lol
Me neither, it obviously doesn't add up tho..........
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Old 08-03-2012, 01:11 AM   #6 (permalink)
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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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