Ebay Question?????

Foolish · Aug 13, 2008

When you win an auction, the exchange rate is calculated then and thats what you pay or when you pay through checkout

so for example at time of auction it was at 82 cents but when i went to pay it was 87 cents, which exchange rate would i pay?

Sorry i know it might be a dumb question but ive forgotten.....

hobbibox · Aug 13, 2008

I'm pretty sure the conversion rate is calculated when you pay.

gtfour · Aug 13, 2008

Definately at time of paying

jordan23 · Aug 13, 2008

It changes every day according to the exchange rates and pay for your cards now before the aussie penny dips even more.

aussiemjfreak · Aug 13, 2008

jordan23 said:
It changes every day according to the exchange rates and pay for your cards now before the aussie penny dips even more.

Considering that didnt even go close to answering ya question....

like Cal and them said, it's when ya pay for the item!

Matt26 · Aug 13, 2008

Paypal is very clever here....the rates they calculate on are about 1-2 cents better off in there favour.

Example.....I paid for a card when the AUD was 0.87 US cents.

The Paypal conversion was based 0.85 US cents.

The same thing happens when you change USD back to AUD its always about 2 cents difference....so if the AUD is 0.87 US they usually base it on 0.89 US....all about making money and covering costs including the wait for the money to be transferred which rakes in millions in interest for paypal.

Cheers
Matt

hobbibox · Aug 13, 2008

aussiemjfreak said:
Considering that didnt even go close to answering ya question....

like Cal and them said, it's when ya pay for the item!

lol......... great work

aussiemjfreak · Aug 13, 2008

Nash13 said:
Paypal is very clever here....the rates they calculate on are about 1-2 cents better off in there favour.

Example.....I paid for a card when the AUD was 0.87 US cents.

The Paypal conversion was based 0.85 US cents.

The same thing happens when you change USD back to AUD its always about 2 cents difference....so if the AUD is 0.87 US they usually base it on 0.89 US....all about making money and covering costs including the wait for the money to be transferred which rakes in millions in interest for paypal.

Cheers
Matt

I read somewhere that was basicaly because of the amount of money being handled by paypal compared to the banks, they couldnt match it as there's a higher volume of money being handled by baanks or some crap.... But the experience's Ive had wth both ebay and paypal your description Matt, sounds a lot more likely!

Anthony83 · Aug 13, 2008

Paypal is ALWAYS under what the current exchange rate is! Very clever.. They pocket the difference but they will say they can't be in line with the exchange rate because it is so volatile.

I work in an industry where exchange rate is very important as some things are purchased in USD and that extra 2c, 3c adds up big time when you are talking large $$$.

Is anyone else feeling the pinch with the recent decline in the AUD???? It has just made our hobby about 10% more expensive when buying from the states...

jordan23 · Aug 13, 2008

Nash13 said:
Paypal is very clever here....the rates they calculate on are about 1-2 cents better off in there favour.

Example.....I paid for a card when the AUD was 0.87 US cents.

The Paypal conversion was based 0.85 US cents.

The same thing happens when you change USD back to AUD its always about 2 cents difference....so if the AUD is 0.87 US they usually base it on 0.89 US....all about making money and covering costs including the wait for the money to be transferred which rakes in millions in interest for paypal.

Cheers
Matt

I must add they are a private entity just like ebay. So they can just about do anything they want according to their rules.

KSCO15 · Aug 13, 2008

jordan23 said:
I must add they are a private entity just like ebay. So they can just about do anything they want according to their rules.

Paypal was created by Ebay...why do you think they are trying to force us to use Paypal to pay all transactions?!!

KSCO15 · Aug 13, 2008

aussiemjfreak said:
Considering that didnt even go close to answering ya question....

P.S.

EDIT: Sorry Cal; I just seen your post...I wasn't trying to mimic you!! It just had to be said!

nenjabin · Aug 13, 2008

Time of paying. What eBay says is just an example/estimate, it's PayPal that dictates.

A_Iverson_I · Aug 14, 2008

KSCO15 said:
Paypal was created by Ebay...why do you think they are trying to force us to use Paypal to pay all transactions?!!

Not that it really matters, but eBay didn't create Paypal, they bought it

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