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08-02-2012, 02:40 AM
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#1 (permalink) |
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Member
Join Date: Jun 2012
Posts: 701
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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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Collecting Bill Russell Exquisites/Lebron James 03-04 Autos/Michael Jordan Autos I DON'T ACCEPT/USE PAYPAL! |
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08-02-2012, 02:52 AM
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#2 (permalink) |
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Member
Join Date: May 2011
Location: Canada
Posts: 6,669
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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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Prospect Rush- 2013 Series #2: 07/31/13 Always buying Low, Mid, High End BGS Slabs! http://www.facebook.com/prospect.rush |
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08-02-2012, 02:58 AM
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#3 (permalink) | |
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Member
Join Date: Jun 2012
Posts: 701
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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!
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Collecting Bill Russell Exquisites/Lebron James 03-04 Autos/Michael Jordan Autos I DON'T ACCEPT/USE PAYPAL! |
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08-02-2012, 03:06 AM
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#4 (permalink) | |
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Member
Join Date: May 2011
Location: Canada
Posts: 6,669
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Quote:
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Prospect Rush- 2013 Series #2: 07/31/13 Always buying Low, Mid, High End BGS Slabs! http://www.facebook.com/prospect.rush |
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08-02-2012, 03:52 AM
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#5 (permalink) | |
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Member
Join Date: Jun 2012
Posts: 701
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Quote:
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Collecting Bill Russell Exquisites/Lebron James 03-04 Autos/Michael Jordan Autos I DON'T ACCEPT/USE PAYPAL! |
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08-03-2012, 01:11 AM
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#6 (permalink) |
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Member
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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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Help me Finish my Refractor Sets!!!!! Kinda PC Michael Floyd and Brock O. |
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