05-12-2021 07:17 PM
I've just made a purchase of, what I was told on eBay was £395.91 (560 USD, since the item listing was in United States currency), but when I opened my online banking app, my transaction was shown as "PAYPAL *[seller name] EBAY" (even though I didn't pay with PayPal but with my debit card instead) with a charge of £415.22.
I don't understand why I was charged extra?
Thanks in advance.
05-12-2021 07:33 PM
What is the exchange rate?
It may be currency conversion.
05-12-2021 07:38 PM
Exchange rate is £1 = $1.41 USD.
The final price I paid is listed on eBay as £395.91/$560 (USD), but for some reason, my online bank transaction shows it as $415. I'm so confused.
05-12-2021 07:39 PM
Could you show us the picture of that transaction? Maybe we can find out something.
05-12-2021 07:44 PM
Exchange rate.
I believe it tells you on PayPal it is based on current exchange rate with payment posts.
05-12-2021 07:56 PM
eBay invoice
NatWest online banking invoice
05-12-2021 08:02 PM
So if I'm understanding correctly, I'm charged an additional fee for converting currencies on top of the original price that I paid for the item itself?
05-13-2021 12:27 AM
Paypal charges extra for converting currencies, a percentence on the total amount.