PayPal Is a Cheater

[IllusIonist]

I just got hold of something about the fake promise by PayPal. It said some days ago that it doesn't charges for withdrawl to Indian BAnk accounts. It's totally fake. When you see close, it actually pay you less as per the conversion rates. See the proof:

This is the amount I got..



But the this is the original conversion rate:



I got almost got Rs 500 less. LOL

IllusIonist Reviewed by IllusIonist on 26th Oct 2011. PayPal Is a Cheater I just got hold of something about the fake promise by PayPal. It said some days ago that it doesn't charges for withdrawl to Indian BAnk accounts. It's totally fake. When you see close, it actually pay you less as per the conversion rates. See the proof: This is the amount I got.. http://i27.lulzimg.com/da51ccaf6a.png But the this is the original conversion rate: http://i27.lulzimg.com/07756c40f6.jpg Rating: 5

[Th3KiNG]

AP and PP both are same i get low inr too

[Majky71]

lol what you think where paypal earn most money ???

they earn millions a day on low exchange rate ...

[innocent_kid]

well lemme tell u more shoocking
while paying INR TO USD is 50rupees
and while withdrawing its 48

and Majky71 they earn on their transaction fees!Q!!!
which are quite high for indians anyway

[Majky71]

yeah they earn on many thinks such exchange rate , transaction fees , express withdrawl etc.

[Funny]

That is the way PP/AP or any other payment processor works. What did you expect them to provide you complete free service?

[george101]

its been like that since the beginning. welcome to paypal

[IllusIonist]

So this is a known issue. LOL. I just came to know about it. am using it since 5 years but never looked into so deep.

But I must admit, it's easier to withdraw with PP.

[Sponge Bob]

lol thats how they make their money guys.. its called the banking sector thats how to play with currency for them to earn..

[Loonycgb2]

thats just extra for paypal.. they litterally take a dollar for everything..

You think about it a million transactions go in a hour... so a dollar per transacation.. they sure are getting alot of profit from nothing..