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Wow, a new twist on "Paypal screws vendor" - this time on currency conversion. You have to read the linked article to get the details. Mind it, it's not just c
by praptak 14y ago
Wow, a new twist on "Paypal screws vendor" - this time on currency conversion.
You have to read the linked article to get the details. Mind it, it's not just crappy rates. The rate is different for the chargeback and for the original payment. Guess in whose favor the rates differ? Yup, good old Paypal never missing a chance to extract some money from you.
- cynix 14y ago> The rate is different for the chargeback and for the original payment. So they're basically double dipping by charging the 2% edge twice? You'd think a refund should be a direct reversal of the original transaction so that all amounts are exactly the same...
- praptak 14y agoWell it seems that it wasn't just fluctuations of the exchange rate: "There was actually no currency conversion because the withdrawal was initiated and cancelled almost immediately." So you pay this guy some money, then immediately change your mind and he loses money.