ilovefuzz.com

I have sold a lot of old stuff on Reverb lately (some of it, I'll concede, I was exploiting the current ridiculous market prices to maximise profits for new gear spendings. CAPITALISM. Or, "pulling a goroth".), but the the thing that got me most was when I had found a guitar I wanted to buy with all my earnings, which the seller, a shop in France had listed for a really good price, even with shipping to Oz, cancelled the sale (probably when they realised I was in Australia and they had set their shipping too low) stating that the guitar "had sold elsewhere". That's disappointing, but then in the exchange I lost about $30 which Reverb claimed was "fluctuating exchange rates" when I queried them. I checked the exchange rates and my visa card's exchange rates in the 2 days between purchase and refund and the AUD to the Euro didn't even move half a cent. I'm still trying to rectify that, but I'm not hopeful I'll get a win.

the wurst

Iommic Pope wrote:cancelled the sale (probably when they realised I was in Australia and they had set their shipping too low) stating that the guitar "had sold elsewhere". That's disappointing, but then in the exchange I lost about $30 which Reverb claimed was "fluctuating exchange rates" when I queried them. I checked the exchange rates and my visa card's exchange rates in the 2 days between purchase and refund and the AUD to the Euro didn't even move half a cent. I'm still trying to rectify that, but I'm not hopeful I'll get a win.

Companies have been fudging the exchange rates for years, but I had never heard of anyone losing money on a return. That's some BULLLL.SHIT.

PayPal got smacked with a multi-million dollar class-action lawsuit in the US for how they handled foreign exchange rates years ago, but they never changed anything. You can look up current exchange rates on several sites and PP's exchange quotes are always off by a few dollars. It's absurd. On any $40+ international transaction, they're stealing at least $3 off you---add that up over millions of transactions and you could be looking at $100M per year just in fleecing people on falsified exchange rates.

Damn. That is some BULLLL.SHIT.