Paypal Exchange Rate !!!

**nick_westlife** · 08-09-08, 15:23

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 ?

**moustafa** · 08-09-08, 21:44

it depends only on local exchangers .
it has nothing with paypal , exchangers change rates to compete each others

**satyakam** · 09-09-08, 14:34

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.

**ravitejag** · 12-09-08, 13:12

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..

**elliotthn05** · 12-09-08, 14:08

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$.

**moustafa** · 14-09-08, 00:59

as the topic is talking about exchanging .
so right now i have some egold to be exchanged for paypal .

**ravitejag** · 15-09-08, 20:29

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

**moustafa** · 17-09-08, 00:14

there is no problem at all .
it was just an offer :wink:

**nash_avi** · 20-09-08, 18:57

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...!!!

**artagnan1978** · 20-09-08, 19:41

Originally Posted by nash_avi

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.

**Devesh** · 21-09-08, 07:21

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.

**revvv** · 28-09-08, 12:26

Originally Posted by moustafa

it depends only on local exchangers .
it has nothing with paypal , exchangers change rates to compete each others

Paypal exchange rates are not at all dependant on local exchangers. Paypal itself deceides their own exchange rates according to the change in market.

**ravitejag** · 30-09-08, 21:04

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

**ammarmemon** · 30-09-08, 22:58

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

**mr.microsoft** · 20-10-08, 15:08

Originally Posted by ammarmemon

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.

**indieover** · 29-10-08, 14:17

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.

**mr.microsoft** · 31-10-08, 11:04

Originally Posted by indieover

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.

**ssarkar** · 31-10-08, 14:18

Dollar buying and selling rates are always different. I thins this is the reason behind this.

**mr.microsoft** · 31-10-08, 20:40

Originally Posted by ssarkar

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.

**ssarkar** · 02-11-08, 11:29

Originally Posted by mr.microsoft

Originally Posted by ssarkar

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.

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).