Investing In Different Currencies Through PayPal?

There's just one catch........


YOU"RE DEALING WITH PAYPAL. There can't be any profit in it for you.

That makes no sense lol...

The converting rate between the currencies is bad and not to your advantage.

What do you mean? Does PayPal take a conversion fee or something?

If youve ever dealt with paypal it makes perfect sense.

I've transferred more than $10,000 to people and my bank account over the past year... I haven't paid any fees or lost any money.

If you would normally get 80 Euros for 100 Dollars. Paypal will just give you 75.

I used that method to hold some singapore dollars, was bad idea, should have used it to buy more silver.

the bank always wins;)

Makes sense. Kind of what I thought, looks like that's the case with what everyone is saying!

Bummer man, thanks for the response though.

NEVER trust PayPal/eBay. They like to seize accounts for no justifiable reason and steal your funds for 6 months no matter what the fiat currency is. Then they pay you back without interest after putting your funds in FX derivatives. That's how they float the fact that they're bankrupt and need liquidity to allege their solvency... using YOUR funds. PayPal/eBay are BANKSTER THIEVES no different than any other private corporation banksters.

I move about 700k through my paypal account every year. Never had a problem.

Bullshit. Nice try, shill. You obviously don't keep even $7 with PayPal.

The only guarantee is to keep an acount on record with them for a minimal amount you're ready to lose. If transfering funds from paypal to your bank account....move it right away to an account they can't touch. They'll freeze an account on a whim with no recourse for you.