RSS
Arbitrage By PayPal
from the oops dept
It seems that whoever set up the PayPal UK pounds to US dollars currency converter didn't understand that the UK currency and the euro are two very different things. So, while the real exchange rate is something like £1 = US$1.57861, PayPal believes it is £1 =97c. Now, there's a pretty clear way to profit from such information. Just start converting all your US dollars... Of course, if you're in the UK, this also means you shouldn't buy anything in US dollars using PayPal for the time being.
1 Comments | Leave a Comment..
If you liked this post, you may also be interested in...
- Hadopi Sends Info On Those Accused (Not Convicted) Of Repeat Infringement On To Prosecutors
- DailyDirt: Autonomous Vehicles
- How Publishers Repeated The Same Mistake As Record Labels: DRM Obsession Gave Amazon Dominant Position
- Park Ranger Tases Guy Walking Dogs Without A Leash
- Brazilian Government Ordering Web Hosting Firms To Kill Domain Names They Don't Like
Reader Comments (rss)
(Flattened / Threaded)
No Subject Given
[ reply to this | link to this | view in thread ]
Add Your Comment