Has anyone noticed how paypal seems to be 'messing' with the exchange rates to their advantage?
Yesterday I bought a domain through paypal with my bank and it said:
While the current mid-market rates are far lower than that.Exchange rate: 1 euro = 1,49809 American dollars
Today I withdrew money from my paypal to my bank account and it said this:
Which just happens to be the exact mid-market exchange rate.Exchange rate: 1 American dollar = 0,630670 euros
The result is that whenever I send money, I have to send more money to get the proper USD value. But when I withdraw money I get less money back than their reverse exchange rate implies
Has anyone noticed this?
Is this legal?