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21-03-09, 21:19 #1
Why Paypal did not uptodate rate?
Today I check that $1= Rs. 50/- (Indian) .. I check it all the site. But when I check it in paypal then its shows that $1= Rs. 48/- Only which is previous rate. So, My question is - why paypal did not uptodate it??
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22-03-09, 07:27 #2Master Member I was here more times.
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Yes paypal is giving much less exchange rate than the rate prevailing in the market. I think this is due to the difference between buying and selling rate of dollar. There are always the difference in those two rates of any currency.
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22-03-09, 14:07 #3Originally Posted by ssarkar
But I am not a Buyer or not a seller !! :P I just want to withdraw my money ? Then why I loose per $ = Rs. 2/-?? Its a very bad for us. I don't like it. :twisted:
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22-03-09, 14:32 #4Veteran Member I was here more times.
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its really strange.i just have a search for the rate and it is 50.525 Ru per 1$,so i also feel it is confusing me.
i just have a search with CNY with dollar and it has rised a little,i hope it will be process correct while exchanging.
so you 'd better write a message to their support.
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23-03-09, 06:53 #5Master Member I was here more times.
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Originally Posted by paramita0101
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24-03-09, 15:03 #6Veteran Member I was here more times.
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Re: Why Paypal did not uptodate rate?
Originally Posted by paramita0101
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24-03-09, 22:12 #7
Re: Why Paypal did not uptodate rate?
Originally Posted by hyxfei
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25-03-09, 01:42 #8Veteran Member I was here more times.
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Re: Why Paypal did not uptodate rate?
Originally Posted by moneymoney
YES.you got it even USD &local currency has it own rate to up or down .it's hard for those site to update immeditely and there is another reason that sites has competition among them also.
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30-03-09, 20:46 #9
Re: Why Paypal did not uptodate rate?
Originally Posted by hyxfei
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01-04-09, 12:46 #10Veteran Member I was here more times.
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well even a single day the bank rate of each currecny will chang every hour.
ofcourse we'd like to that they upgrade the rate accordingly . but think they won't. sigh...
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09-04-09, 09:43 #11Senior Member I was here more times.
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ya thats true the exchange rate is $1=50 but in paypal we get only $1=48 and doesn't fluctuate more, may be they deduct their commission in that also
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10-04-09, 08:55 #12Master Member I was here more times.
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As a commission paypal is deducting 1 dollar, i.e., Rs. 50, so how come they deduct more Rs. 2 per dollar, I can't understand. Is is possible to get a satisfactory answer if I ask them about it?
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30-04-09, 22:28 #13Master Member I was here more times.
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Message
Paypal deduct their charges for money transfer.Obviously they take charges for transferring money.
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01-05-09, 08:09 #14Master Member I was here more times.
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Re: Message
Originally Posted by revvv1234
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02-05-09, 03:21 #15Master Member I was here more times.
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yes even till today paypla is giving the same old lesser rate for me. i recently withdraw my money form pp to bankn account and i got paid very less now
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02-05-09, 04:21 #16Veteran Member I was here more times.
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well. here we even can't withdraw our paypal money directly to bank account. so there is no way for us to worry about the rate...
paypal only update the rate bi weeekly as i remember.
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02-05-09, 07:05 #17Master Member I was here more times.
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hyxfei, what is your country? It is surprising that your bank doesnot allow you to withdraw money from paypal account. Then we must say we are lucky enough in this respect.
Is it true that paypal update rates bi-weekly?
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