Misleading Currency Conversion!

[itzenterprises]

Am I the only one frustrated by eBay's misleading currency conversion?

Most of the time its not a lot of money but as I purchase more expensive items from overseas it becomes a bigger concern, particularly in USD.

Considering eBay owns Paypal there should be a lot better fluency,

Ill give you an example below;

One item i ordered was listed

US $131.96
AU $127.77

+ US $39.99
   AU $38.72

   postage

So thats $171.95 USD
and $166.49 AUD according to eBay.

As for the Paypal transaction
$171.95 US turns into $172.15 AUD

Now forgetting what the actual exchange rate is at the moment and how little amount that example shows, it feels misleading, you go off eBays conversion only to find your paying more by Paypal, even when Paypal is owned by eBay.  It should be more universal, fluid.

Im about to buy a much more expensive item of eBay from the US, but all im concerned about is how much more Paypal is actually going to charge me! 

Anyone else share this concern?

[k1ooo-slr-sales]

I've never paid 10% fee for PayPal conversion.

edit: posting from stupid mobile.  Can't see who I am replying to.  This post not addressed to anyone in particular. 

[*tippy*toes*]

Use the full site on the mobile to access the forums, then it's just like being on the computer. It's down the bottom after you log in.

[k1ooo-slr-sales]

yeah, I know.  I did that after posting a blank post because of the location of buttons on my phone 

[abaca_1]

Yes they may be owned. ...but they now operate as two seperate companies..with their own charters...

[lyndal1838]

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@abaca_1 wrote:
Yes they may be owned. ...but they now operate as two seperate companies..with their own charters...

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What has this got to do with misleading currency conversion?

Paypal has not changed their procedure since they became an independent company again.

[kodyjaysupgrades]

It is misleading. I organised a purchase in usd with the exact aud exchange rate and i ended up paying $10 more through ebay.
As i had organized a fixed price with them in aud, when the conversion came back incorrect it turned into a dispute.
Ebay should explaine before purchase about your 2.5% conversion rate as you own paypal and are responsible to let anyone know about hidden charges.
As i am sure alot of people dont make many purchases on ebay and are never well informed about this charge wvery time.

[kodyjaysupgrades]

Obviously people have a problem with it and im sure if everyone knew there would be alot more said.

So be ignorant and who cares about letting your consumers know.wright!

[*tippy*toes*]

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@kodyjaysupgrades wrote:
Obviously people have a problem with it and im sure if everyone knew there would be alot more said.

So be ignorant and who cares about letting your consumers know.wright!

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I do believe that Wright was the first person to fly a plane. It's also not nice to call people douchebags, especially when the thread is several years old and the person you are calling a douchebag won't see your message. If you have a problem, take it up with eBay. No-one here can help you, especially with your attitude.

[padi*0409]

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@kodyjaysupgrades wrote:

Ebay should explaine before purchase about your 2.5% conversion rate as you own paypal and are responsible to let anyone know about hidden charges.

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eBay no longer owns Paypal, and when you go through checkout on Paypal the sum of money that you pay with Paypal's 2.5% is shown.

I would add that Paypal's fees are considerably smaller than most (if not all) banks, also bear in mind that eBay's conversion rate is an approximate one and Paypal's conversion rate varies throughout the day along with global rates.

[digital*ghost]

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@kodyjaysupgrades wrote:
It is misleading. I organised a purchase in usd with the exact aud exchange rate and i ended up paying $10 more through ebay.

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The word "approximately" appears between the listed price, and the conversion in AUD. 

'Approximately' means "around this amount, but probably not exactly". 

If you want to know the exact price you will pay before buying something, don't rely on approximate conversions - get exact ones via the conversion tool available in PayPal.

Or, go to google's currency converter, enter the foreign currency amount, get the current value in AUD, then add 3.5% if the original currency is USD, or 4% if it's any other currency, and you'll get a much (much) closer approximation.