posted on November 7, 2002 11:29:08 AM new
I'm considering to fill a lawsuit in Spain to recover my $1.400 account and the $84,68 they stole from it. Most likely I won't get anything but at least the public opinion will know what kind of company paypal is and the risks involved in dealing with them.
I want to share some ideas with these lawyers, to send them my story and the fact that paypal currency exchange rates are 4% worse than market rates (and they don't advertise that, which is a huge scam adding up to the millions).
posted on November 7, 2002 01:13:02 PM new
The exchange rates you see quoted are for banks and for amounts of $1,000,000.00 or more.
Take $100 to your bank or 100 Euros and exchange those funds at any bank. You'll find nobody is going to give you the rate quoted in the papers.
I'm sure a lawyer will be glad to listen to your story. If you pay the lawyer he'll become outraged and tell you that you've got a good case. Contact club1man, get someone with experience to guide you down the path you are seeking, he'll fix you up.
posted on November 7, 2002 01:38:04 PM new
did paypal say what exchange rate they will use??
i know i wire foreign exchange to my overseas supplier on internet,i have like 2 minutes to lock in the rate,so you need to make sure what rate paypal is using and what market rate are you referring to??
there is also a bid and ask price for exchange rate,and the spread is what the middleman keeps.
posted on November 8, 2002 03:18:47 AM new
I remember that when I was stationed in Japan, the exchange rate moved daily, I really need more information to make a good decision on what happened here
