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Lately? It's been that way for decades. I'll add one more to your list: since many things are paid in USD, and most of us live outside the US, your payment goe
by homebrewer 2y ago
Lately? It's been that way for decades.
I'll add one more to your list: since many things are paid in USD, and most of us live outside the US, your payment goes through a currency conversion. Up until a few years ago it was possible to configure PayPal to let your bank convert using bank's own rates, although it was hidden behind dark UI patterns. Then they removed it and now force you to run conversion at PayPal rates, which are just terrible, much worse than any bank I've ever used. This was about the time I stopped using PayPal completely, so I can't say exactly how much of a price hike this caused, but it's probably around 10%.
- Novosell 2y agoI can still defer conversion to my bank.
- gruez 2y ago>Then they removed it and now force you to run conversion at PayPal rates, which are just terrible, much worse than any bank I've ever used. When was this? As of a few months ago it was working fine for me, although it required a bit of finagling to get it to work on new cards I added.
- bee_rider 2y agoI have thought PayPal was circling the drain for so long that, honestly, it probably says more about me than PayPal. Still though, I don’t get it, as far as I can tell they are just… essentially doing the same thing as credit card companies, but with less regulatory protection for their customers.(?) Like they made sense 20 years ago when banks didn’t know about the internet. But now they are befuddling.