Paypal

I guess the question is, "Did both scenarios happen on the same day?" Because if it's not the same day, you'll need to remember that a currency's value changes on a daily basis. Canadian dollar and US dollar exchange rate is very tight. The difference is just a few cents and fluctuates in a daily basis. So, Canadian dollar maybe higher today by a few cents but it could be US dollar which is higher the next day.

Yeah, that is where Paypal profit much. Their exchange rates are really a pain. Do you happen to know transfers companies like Paypal which charges less and also much fair with exchange rates?

I hate paypal with a passion.

Well with my paypal is works in my favor. The us dollar here is 12.45. When I recvd, my paypal money pp gave me the dollar at 12.60. So I must have got the few dollars they took from you in canada. Kinda hard to see why. Have a good day there.

That's pretty awesome! I wish I could withdraw from my paypal account as well. soon enough. I also wish I could do so much here so I can earn already. lol. Foreign currencies and conversions are really hard to understand most of the time. But I'm glad that it worked better for your benefit. :)

Wow. Your article gave me the next facebook post for what I am grateful for, for the day. I'm grateful I earn money and collect money from paypal within the same country and pay no exchange rate. Sorry for your loss!

Actually, when the Canadian dollar is lower than the American, we are supposed to get MORE, not less. I have had this problem before when the dollars are so close in value. It depends on the dollar value at that exact moment in time. It goes up and down all day long until the stock exchanges close. But I did argue with the bank about this, to no avail. We just came back from the U.S. I had saved up all the American coin accumulated over the years and was paying for things in change so I could use it all up. We only took out $100 U.S. from the bank and my daughter brought some back from when she was working out west this summer and gave it to us - $145. We managed to spend almost every dime because we knew exchanging was moot. It will be interesting to see about the charges on our credit card and how much more or less we had to pay.

ya that is pretty crazy. i guess because they are such a big company, the figure they can do what they want.

That's a crock. Guess it would be nice to make the rules as u go along.

That's a bummer! Guess it can't work positively for everyone around the world. Could be alot worse I guess. Making your own rules can be fun. lol Every company sees it their own way.

Try being a Brit on PayPal. Currently, 10 US dollars equates to £6.27.

aside from the lower exchange rate, there's also a transaction fee between countries. so i'm really glad there are generous sites like mylot that doesn't deduct anything when paying people across oceans and borders. otherwise, what would be left of my precious $10 that will probably take me half a year to reach?