Money Exchange?
June 19th, 2009 | by mon-ex |
kyl asked:
Alright, I bought an item off of eBay UK. I live in the US. So I bought an item that costed £46 and I figured it would cost me around $60. But then in PayPal it said they were charging me $93 because of an exchange fee. Is there any way I can get around this “exchange fee?”
Well, according to google and xe.com, the conversion rate as of today was 1 pound = $1.34.
FRED
Alright, I bought an item off of eBay UK. I live in the US. So I bought an item that costed £46 and I figured it would cost me around $60. But then in PayPal it said they were charging me $93 because of an exchange fee. Is there any way I can get around this “exchange fee?”
Well, according to google and xe.com, the conversion rate as of today was 1 pound = $1.34.
FRED
One Response to “Money Exchange?”
By Judy on Jun 20, 2009 | Reply
One pound is worth almost two US dollars ($1.9837 right now, to be more exact). So why would you think something where you bid 46 pounds would only be $60? The value of 46 pounds, in dollars, is $91.25 as of today - it varies a little every day.
It’s not Paypal making money off you, as you seem to think - it’s what it costs in US dollars to spend 46 pounds.
Currencies of different countries have different values - it’s not 1 to 1. If you don’t know about foreign currencies, check the value vs. the US dollar BEFORE you bid. You can do that at
No, you can’t get around the exchange fee. Your bid of 46 pounds was a bid of a little over $90, so that’s what you’ll have to pay - and by the way, shipping UK to US is more than shipping within the US also.