How PayPal deceives

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Below you will see my real review about working with PayPal. Or rather, this is not a review but a story about how PayPal took 30% of the amount transferred to me. And so, let's go.

Before transferring funds to me in a currency, I sent a request to technical support: “How can I make sure that funds transferred to me in a certain currency are not converted, but remain in the same currency in my account?” I received an answer to this that I can receive and store funds in 21 currencies of the world. And the transferred funds are automatically credited to the account of the corresponding currency.

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 (Note: "You may...")

After the money was transferred to me, it was automatically converted into rubles at a very unfavorable rate.6c27eef3e3

After which I again contacted support, where they answered me exactly the opposite:

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Those. I can't store money in foreign currency? Not only that, two weeks ago they wrote to me completely the opposite. I also have funds in foreign currency in my account, and they appeared from a transfer in rubles just a couple of weeks ago =) That is. They transferred rubles to me, and PayPal, on its own initiative, converted them into dollars, although according to their rules it could not do this. The rules that they supposedly sent me in October and I had to read them and remember this, and the answer two weeks ago: “another specialist gave you, I’m not responsible for his answers, maybe you misunderstood him” - from a telephone conversation.

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Considering that at this moment I need euros and I will have to transfer the money back into foreign currency, I lose a THIRD on all commissions! A third of the amount! It’s good that the amount is small, but imagine, $10,000 is transferred to you for a large project and PayPal keeps $3,000 for itself. And technical support simply hangs up and there is no question of any refund.

Video for those who are too lazy to read.

My personal opinion is that PayPal, like MMM, pumps profits from huge commissions and user funds into marketing, and that’s what they live on. But they didn’t care about the service itself and its quality.

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