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Paypal Exchange Rates changes everyday... thats fine ...as the market rates fluctuate then it has..But its always 1 $ or 2 $ less than the market price. Suppose market exchange rate ($ to INR is 1 $ = 43INR(suppose) then paypal will give you 41INR or 43 INR). Why is it so ?
it depends only on local exchangers .
it has nothing with paypal , exchangers change rates to compete each others:D
I 'm also confused about paypal exchange rate ,yesterday i sent money from my paypal ,i have to give INR45 for 1 dollar.It is very high.
Err paypal doesn't operate on exchangers..
Well i guess the obvious reason is may be they are reducing it as service charge ...
That might be the only reason. Because they don't charge much of a fee/ no fee at times(apart for the business and premier accounts). So this reduction may be extra earning for them..
in our country 1$ equals 6.8rmb more or less.
but if you want to exchange them they only pay you 6.45rmb for 1$.
as the topic is talking about exchanging .
so right now i have some egold to be exchanged for paypal .
I don't think anyone will be interested moustafa ... As there are a lot of speculations about e - gold, the value of egold has really been battered ....
But still hope you get some exchanger to exchange it for a decent rate ;)
there is no problem at all .
it was just an offer :wink:
i have a paypal account and need to transfer the money into my bank
account so i wanted to know how much does the paypal charges you to
transfer the money into your bank account?
if anybody here has any idea about this please pm me...!!!
You can transfer your money into a bank account only if you have a US bank account - for this operation there is absolutely no fee, you can withdraw your money for free for banks in the US; otherwise you can transfer your money to your credit or debit card, for which the fee is $2 per transaction.Quote:
Originally Posted by nash_avi
For transferring money to bank account, they work on National Fund Transfer system. For this you have to give your banks ISFC number which you can your bank. They charge at 50 INR for transfer of less than 6000 INR to Indian bank. If you are not in India, you should verify it from paypal site only.
Paypal exchange rates are not at all dependant on local exchangers. Paypal itself deceides their own exchange rates according to the change in market.Quote:
Originally Posted by moustafa
Guess what i have tried exchanging my paypal balance the other day and it showed the conversion as
1USD=44.53 INR..... That was a real surprise ... But as the US economy is in problem they have been offering so much :)
I think that paypal fixes its rates to exchange by themselves.some times its 1$=44INR and sometimes its 1$=45INR I think that they must fix their value with the market rate so its easy for every one to calculate for him the rates to exchange
Yes even I think it would be easier for people if paypal keeps their rates according to the current market.Quote:
Originally Posted by ammarmemon
well in my country we use Peso. so we always get one peso less than the actual exchange rate in the local exchanger. so i withdraw i will have less one peso less for every one dollar withdrawn. and i guess that is how paypal earns.
Yeah paypal always keeps 2 INR less than the current market rate for indians. This way paypal earns 2 INR behind every dollar.Quote:
Originally Posted by indieover
Dollar buying and selling rates are always different. I thins this is the reason behind this.
Well this is news to me. I thought buying and selling rates are the same.Quote:
Originally Posted by ssarkar
Yes, these two rates are always different. As for September-2008, the average buying rate of dollar is 45.57 while that of selling is 45.66 (as against Rs).Quote:
Originally Posted by mr.microsoft
I have recently converted from USD to INR and their rate for conversion at present is 1 USD = 47 INR, they are deducting Rs. 2/dollar.
that meanse if you earn 10$, then you'll get Rs. 20 rupee less? Is it paypal's conversion rate or they are deducting the service charge?Quote:
Originally Posted by smartzkool
Well it is their conversion rate. they allow you for the conversion only when you request withdrawal, they charge extra 50 INR for withdrawal to your bank account.Quote:
Originally Posted by ssarkar
then it is not worthwhile to first convert 2$ through paypal and then asking them to send the money to my bankaccount. Some forums has minimum payout of around $2.Quote:
Originally Posted by smartzkool
Well there is a minimum withdrawal limit present, i.e, $10. Can you share the forums which gives minimum payout of $2?Quote:
Originally Posted by ssarkar