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PayPal / eBay Informative - What a bloody rip off in exchange rates - exchange rates

Review by xenon on 2011-08-09
Today at midday the dollar went parity with US$ thats one to one
at this time I asked Paypal to convert and send to my bank from US$ to A$ , there terms are the currect rates plus 2.5%
I got this
Conversion from:
-$1,272.00 USD
Conversion to:
$1,199.79 AUD
Exchange rate:
1 US Dollar = 0.943231 Australian Dollars
shame shame shame
What a screw, what a con job and this to what they call there valued customer on some 10 years
Comments:
Posted by whatsthepoint on 2011-08-10:
I guess they believe that if the USA government can trash the dollar, so can they. What our politicians have done to the US dollar over the last 10 years is criminal. Of course, most people couldn't care less.
Posted by Alain on 2011-08-10:
Oh, I think a lot of people care, but they get frustrated trying to get the politicians to do anything reasonable about it. As for currency conversion, it's something even banks like to overcharge for.
Posted by jktshff1 on 2011-08-10:
Alain, if the people really cared, they would vote these idiots out of office, demand term limits, no retirement from public office, demand they cut their salaries and perks etc...but that ain't gonna happen. Too many sheep that either enjoy the status quo or listen to some hellywood or sports "celebrity".
Posted by Jay on 2011-08-10:
jkt, you are DEAD ON. Government: Of the politicians, by the politicians, and for the politicians. OK'ed by the people (sheep).
Posted by trmn8r on 2011-08-10:
That's pretty rough, and in a fast moving environment like this they stand to gain quite a bit of profit from that behavior.
Posted by Alain on 2011-08-10:
I suspect you're right, Jkt, but I'll remain optimistic. Or at least try to.

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