Conversion Warning! I Lost Eur 900
Here’s what happened to me recently:
I usually successful withdrawing Euro money from Paypal to our Indonesian Rupiah bank account. Last time Paypal cancel it. Worst is they took away almost Eur 900,- from conversion. First they convert Euro to Rupiah then they said transfer is cancelled, so they return back the Rupiah to Euro all on their rate:
-€15.000,00 EUR (rate 11.756,9)
-Rp176.303.500 IDR (rate 0,000080138 Euros)
So first I have €15.000,00 EUR Now I only have €14.128,69 EUR. Which means I lost: Eur 871.31 Paypal took it away.
The right thing would be to keep the exchange rate the same since Paypal failed the transfer.
I’ve been calling them since 2 weeks ago 6x. They promised their Paypal senior will call me back, never happened. Today again I call them. Last promise: they will call me in 1 hr
Submitted By:: Belgis
Posted: May 9, 2012 at 3:17 pm