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Credit Card/Paypal overcharging
djmozy
Posts: 4 Newbie
in Credit cards
I recently bought a computer off ebay for £400 and paid via my American Express card through Paypal. When I looked at my credit card statement, I saw that instead of being charged £400, I was charged £421.03. Managed to get hold of a representative at American Express and they say they are aware of the problem and that it comes in because it looks to American Express that all Paypal transactions are done in US dollars even if it is a UK to UK purchase. Because of this they put a currency conversion loading on the transaction.
They admit that this is wrong and I have now sent them all my Paypal receipts where I have used my American Express card and they will refund the difference. If you use paypal then check the amount charged on your card compared to your receipt. I don't know if this happens for all credit cards but every transaction I did using American Express through Paypal landed up in a 5% currency conversion charge. I have sent American express all my paypal receipts and they will now refund me the difference. Saved myself around £30.
Regards
Harel
They admit that this is wrong and I have now sent them all my Paypal receipts where I have used my American Express card and they will refund the difference. If you use paypal then check the amount charged on your card compared to your receipt. I don't know if this happens for all credit cards but every transaction I did using American Express through Paypal landed up in a 5% currency conversion charge. I have sent American express all my paypal receipts and they will now refund me the difference. Saved myself around £30.
Regards
Harel
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