Monday, April 19, 2010

EBAY and PAYPAL RORT

It shits me. Why is it that Paypal and Ebay have different currency conversion rates when they are owned by the same company?

Here is an example. A certain item being sold overseas in US dollars will be:



OK, so it will cost $8.61.. So log into Paypal and pay:



Hang on a minute, now it costs $8.82.

That equates to about 2.5% additional margin that ebay makes by falsely advertising the price of items. Of course you add to this the profit they make on advertising items and the seriously high paypal fees to both be paid and to get your money out.

If I said to you that something was worth $10 you would expect to pay $10, not $10.25.

4 comments:

Margarita Milonguita said...

Bloody whinger...heheheh

dam buster said...

Of course Mags.

The bloody buggers get you when you list somthing, get you when someone buys your stuff, get you when you pay for something. It is unreal.

Margarita Milonguita said...

I bought some new furniture off E Bay over the weekend and paid cash on delivery. That's the way to go!

dam buster said...

I agree Mags on CoD. I sold an old window and the dude still paid via PP.. Why?
Most of the time if you are picking up CoD works or direct deposit. I can understand using PP for buying things from overseas.