PayPal’s community page is full of grievances about how the payment giant is ripping its clients off with incorrect exchange rates. One of the users believes the US company is probably making $100,000 every day by selling one fiat currency for another at about 3-4 percent higher prices. Like always, PayPal has no explanation to offer for those endless complaints.The issue today passed through the nerves of a ballooning cryptocurrency community. A Redditor shared a screenshot that showed PayPal charging 0.87462 EUR for a US dollar. The same exchange rate provided by Google showed a 4 percent lesser price – 0.91 EUR a dollar. The same screenshot later made to the Twitter profile of Tony Vays, a prominent derivatives trader, who also criticized PayPal for charging its clients unfairly.“So messed up for @PayPal to charge a 4% fee on the $EUR to $USD exchange,” wrote Vays, adding that bitcoin would eventually destroy the payment company.The post appeared first on NewsBTC
