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Re: [OM] PayPal Interest Charges

Subject: Re: [OM] PayPal Interest Charges
From: andrew fildes <afildes@xxxxxxxxxxxxxx>
Date: Sun, 10 Feb 2002 13:46:52 +1100
>In other countries, 'some' may. or 'many' may, but I don't think 'most'
>will do it. That's what i've been told by others.
>There was one time where I forgot to get an Int'l MO for a Canadian
>seller, I got the "U.S. Domestic" one, and he had no problem cashing and
>converting it. Canada may be easier than European countries to do this, I
>suspect.
>
>George S.
>
>
>
>Why not?  Most banks will gladly convert a US dollar money order to the local
>currency.  There may be a small fee, but the money order is still useable.
>            -mark
>

Any bank here will but the fee isn't small, sometimes, and the wait for
clearance can be up to a month. Now be clear on this - any bank CAN
organise a payment to any destination overseas which will arrive in a local
bank account in local currency. The mechanism is in place and it doesn't
cost them much to do it. It's a computer entry. Huge amounts of money whirl
around the world daily. But US institutions notoriously dislike doing it,
apparently, or don't know how, don't wish to learn and if they are pushed
they'll charge furiously. They also seem allergic to dealing in foreign
currencies as if the rest of us should just accept that the mighty USD is
the world currency.
It's almost as if they regard it as unpatriotic to buy anything overseas,
deal with a foreigner or send money out of the country. Seems to be a
pattern - local services good, international services woeful. (Ask me about
USPS - I dare you!) In fact, to deal with US buyers, I have to accept any
number of inconveniences - good job you're prepared to pay over the odds :)
- end rant -
AndrewF



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