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prasys
post Jan 17 2009, 10:02 AM

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From: Kuala Lumpur
QUOTE(andyfriends @ Jan 16 2009, 11:20 PM)
Hi jz started using paypal to do online purchase recently. 

1. May i know why is the paypal US currency is so high, USD1=RM3.7 whereas the actual exchange rate is only ard RM2.5 now adays?

2. Why there are some users manage to sell their paypal USD at a lower rate, i.e. ard RM3.5.  How do they do that?  How does it work?

3.  How to make business/save money by playing around with the currency exchange on paypal?

Thanks.
*
Welcome to 1997 ! You're in the year 2009 right now


1.00 USD

=

3.56350 MYR

As of today
http://www.xe.com/ucc/convert.cgi


2. Usually they make money by selling stuff over at eBay or they have their own internal connections. Then they sell these funds at a lower price. For them , its still profit. Money makes money for them

3. Well sell stuff over at eBay and then sell PayPal currency here. Thats how some forumers earn $$$$
prasys
post Jan 18 2009, 12:00 PM

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12,925 posts

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From: Kuala Lumpur
QUOTE(andyfriends @ Jan 18 2009, 11:39 AM)
Thanks for the reply. 

1. I did a transaction on Friday and it was something like 3.7.  Is it true that the paypal exchange rate is lower than the money changer?  As i realise even the rate offered by them on fri is still lower than paypal.

2. So apart from selling or internal connection, there is no way that we individual could get Paypal credit at a lower rate?

Thanks
*
2. No way. You need to have internal connections. This is why I don't trust people who are selling paypal funds , unless they have a good record and a long time account (i.e from 2004-2005). Otherwise I'll be not buying funds from them
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