The actual donation was a success!
Transferring the money from paypal to my account however has gotten messy :/
I entered the bank account information (and verified it several times). I then proceded to transfer the first 900$ - 6 days later the money transfer was rejected. Paypal stating:
An electronic funds transfer from your PayPal account to your bank account
was rejected today for this reason:
Invalid Bank Account Information
Since I am 110% certain that the information I entered is correct I send several mails to paypal, asking what specifically is wrong. Unfortunately they just send back a standard email pertaining to wrong bank information - they don't actually answer any of my questions!
My bank wasn't exactly helpfull. My bank department said that they didn't have any experience with paypal, and didn't know what exactly should be wrong. They also wondered why they didn't use SWIFT or IBAN numbers.
I will be sending a mail to paypal about the possibility of using SWIFT or IBAN instead to transfer the money. I will also be contacting my bank again, for *anyone* actually capable of helping me with paypal (OT, it frightens me that my banks "foreign department" didn't know what paypal is!).
Currency Conversion (debit) From U.S. Dollar To Danish Krone: -$900.00 USD
Currency Conversion (credit) To Danish Krone From U.S. Dollar: 5,296.19 DKK
Transfer From Cancelled Transfer: -42.00 DKK
Currency Conversion (debit) From Danish Krone To U.S. Dollar: 5,249.19
Currency Conversion (credit) To U.S. Dollar From Danish Krone: $831.42 USD
As a result of the above mixup, the donation pot took a small hit due to currency conversion and a small (!) fee for failed transaction:
Fee: approx: 6.8
conversion loss: 900 - 6.8 - 831.42: 61,78 (!!)
I know that the dollar has decreased in value over the last period of time, but a loss of almost $62 seems to me like paypal has a ridiculous currency conversion rate.
This leaves a total pot of: $979.06 (actually only 929.06, since I will send my $50 donation directly to elias).
Since we're $20 short of our goal, it's time to do a donation if you haven't already done so
Should I fail to get any meaning full out of paypal and my bank, I will have to transfer the money to someone else that actually know they can get the money out of paypal AND transfer them on to elias. Cas is somewhat out of the question since we'd loose money again from the conversion $ -> £ -> DKR. I am actually thinking of Scott Palmer atm. but I don't know if he's American or Canadian (no insults intended :wink:)
Stay tuned for more info.