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  1. #1
    Registered User R3KT's Avatar
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    Default Paypal - Converting currency to make money

    Has anyone tried to converting between different currencies to make money?



    I know it will definitely work to lose money, which i found out by mistake.

    I was thinking about buying a product from the US, changed currencies, changed my mind on the product and in a few days later changed the currency back. Now i'm short

    So.... well i'm thinking, with perfect timing and patience lets make some money (and get back my $3)

    Any Ideas?
    Am i allowed to do this?
    Does it break any Paypal rules?

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  3. #2
    Registered User R3KT's Avatar
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    Quote Originally Posted by mapmap04 View Post
    I was thinking about buying a product from the US, changed currencies, changed my mind on the product and in a few days later changed the currency back
    What you should think about is the quality of your posts, unless you meant to quote me with my quoted quote. I's thinks this is a breach of rules chapter 1.12 - senseless posting judging by all your other copy/pasted posts.

    Anywho, tonight i will try changing currencies from US to NZD. Depending on the exchange rate and my failing economy. hehe. Oh the test sample will be $2, lets see how much i can make bouncing it back and forth.

  4. #3
    Banned linhdv's Avatar
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    What do you mean? I still can't understand what did you want to say about. Can you explain more?

  5. #4
    Registered User indieover's Avatar
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    i don't like changnig currencies. cause they have their own prevailing rate which is lower than the market's prevailing rate. so i plan to have only US dollar currency as i get many payments from different countries. so i need to have one currency only. and it is quite confusing to have different currencies.

  6. #5
    Registered User ryuken's Avatar
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    avoid doing exchanges cause that will trouble you with taxes. for example, euro to usd will cut lot of your converted money. and you'll get very less in paypal account. i did once with song download and found that euro is expensive on paypal.

  7. #6
    Registered User goldigg's Avatar
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    I am sure many people already seen this chance as making money opportunity ever since paypal available in 1999.anyway,there are no such business profitable with such practice.I agree with other member who putting tax issue in it,it true and that what cost nothing if you do that

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