TFP Posted July 13, 2014 Share Posted July 13, 2014 I don't know if this should go here or Everything Else, but I just bought a record on Discogs from Germany and noticed this. I have noticed this in the past as well (even on eBay). I am talking about paying for an item and it comes out to be more than expected. I bought a 7" for €14.30 and according to XE.com that should be around $19.45 but PayPal claimed the exchange was $19.95? I know it's only slightly more but it is still troublesome. So my question is, is PayPal adding some fees on my end when I pay? Quote Link to comment Share on other sites More sharing options...
omik11303 Posted July 13, 2014 Share Posted July 13, 2014 Is PayPal adding some fees on my end when I pay? Yes. It's unfortunate, but most of the time it's not a big deal. Quote Link to comment Share on other sites More sharing options...
parkinglot Posted July 13, 2014 Share Posted July 13, 2014 I think it's 2.5%. I get screwed every time I buy something, since I'm from Canada. I guess I should look into a way to avoid this now. Quote Link to comment Share on other sites More sharing options...
Werner Herzog Posted July 13, 2014 Share Posted July 13, 2014 I don't know if this should go here or Everything Else, but I just bought a record on Discogs from Germany and noticed this. I have noticed this in the past as well (even on eBay). I am talking about paying for an item and it comes out to be more than expected. I bought a 7" for €14.30 and according to XE.com that should be around $19.45 but PayPal claimed the exchange was $19.95? I know it's only slightly more but it is still troublesome. So my question is, is PayPal adding some fees on my end when I pay? This exactly! When I pre-ordered De-loused in the Comatorium & Amputechture, I pre-ordered them at separate times. When I PO'd De-loused, I had the money in my paypal account and it took out something like $47 CAD, but, when I PO'd Amputechture I had to use my debit card/bank account and it came up to $49. That's what paypal charged me. Quote Link to comment Share on other sites More sharing options...
TFP Posted July 13, 2014 Author Share Posted July 13, 2014 PayPal is ridiculous. So, they are getting paid twice. Fees to the buyer and fees to the seller. Then, if it's eBay, they have their fees. Crazy! Quote Link to comment Share on other sites More sharing options...
TFP Posted July 13, 2014 Author Share Posted July 13, 2014 Well, Discogs fees too. Any marketplace really. Quote Link to comment Share on other sites More sharing options...
smailtronic Posted July 13, 2014 Share Posted July 13, 2014 Also, aren't XE's exchange rate quotes only for really large transactions? The more you exchange, the better rate you get. The less, the worse the rate. Quote Link to comment Share on other sites More sharing options...
TFP Posted July 13, 2014 Author Share Posted July 13, 2014 Also, aren't XE's exchange rate quotes only for really large transactions? The more you exchange, the better rate you get. The less, the worse the rate. Oh, I see. This could make sense. Is there a more accurate site for smaller transaction exchanges? Quote Link to comment Share on other sites More sharing options...
psus2h Posted July 13, 2014 Share Posted July 13, 2014 Foreign transaction fee. OR it's the up to the minute conversion rate. Some CC's charge a foreign transaction fee, some charge conversion fees. Duff 1 Quote Link to comment Share on other sites More sharing options...
drds89 Posted July 14, 2014 Share Posted July 14, 2014 Yes, PP exchange rate is about 3% higher than the going currency exchange rate (I usually make <$100 purchases), so they get another 3% ---and if you pay with a CC, they also have an exchange rate fee to tack one, so I usually do those purchases directly out of my bank acct. and PP seller fees went up not too long ago for the little selling I do, from about 3% to 4% Convenience does cost. Quote Link to comment Share on other sites More sharing options...
TFP Posted July 14, 2014 Author Share Posted July 14, 2014 Does PayPal take into account if you have the funds available in your PayPal balance? I think they still charge their fees. Quote Link to comment Share on other sites More sharing options...
74R Posted July 14, 2014 Share Posted July 14, 2014 Convenience does cost. I'm 38 years old and was buying records off eBay prior to Paypal's creation and waaaaay before it was commonly used. Before you were lucky if an international seller would take US currency as payment but would often times have to get an international money order/cashiers check. Not only did this cost quite a bit more than your average paypal fee but you had to drive to get the damn thing, then go to the post office to ship it, pay for the international shipping to get the payment there and have the added excitement of seeing if the payment actually arrived. So ya, you're totally right. 50 cent conversion fee is pretty cheap & easy in comparison. kamalatapes 1 Quote Link to comment Share on other sites More sharing options...
sirrichardrichard Posted July 15, 2014 Share Posted July 15, 2014 XE is perfect world....like the numbers you see on the news in the morning - banks don't charge that rate. Quote Link to comment Share on other sites More sharing options...
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