Wednesday, July 23, 2008

PayPal Currency Converter

When you withdraw money from Paypal in a foreign currency, they will levy a 2.5% conversion fee on the prevailing foreign exchange rate.

That’s fine but try calculating the exchange rate using the PayPal currency converter and the result may surprise you.

paypal-currency-conversion

For me it says that 1 USD = 0 INR inclusive of the Paypal exchange rate fee. Fortunately, this bug doesn’t come into effect when PayPal performs the actual currency conversion but you may still want to confirm that.


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