At first glance it sounds great save 40 percent when shopping online via the PayPal payment portal. To achieve this, you only need one Visa credit card be deposited with Paypal as a payment method and with this instead of euros Argentine pesos (ARS) as currency to be selected. Several media have already reported on it, including e.g chip.
When the payment is made, the whole amount will be transferred, but will be debited from the account only 60 percent of the price. One makes this trick possible Special rule of the Argentine governmentwhich was decided due to the prevailing economic crisis (as of January 27, 2023).
Argentine “tourist dollar” makes trick possible
At the moment Argentina is struggling with one Inflation close to 100 percent. This situation poses a problem for credit card companies such as Visa: if an account is only charged days later because of a purchase with a credit card as the payment method, then that has Credit card companies have already made a loss. That’s loud Deutschlandfunknova to inflation and the exchange rate that underlies it.
To compensate for this disadvantage, in December 2022 the Argentine government so-called “tourist dollar”.. Because in order to stabilize its own financial system again, the country is on the tourism from abroad reliant. To be more attractive to travelers, Argentina now grants one special discount of 40 percent on the official exchange rate, for example, when tourists shop through a credit card company like Visa. This possibility is currently also being used by people who even not traveled to Argentina.
Since you can use payment providers like PayPal with only few clicks the currency can be changed from euros to Argentine pesos, many users have already benefited from this special regulation. Products could also be paid for in Germany in pesos. through the current one Exchange rate then eventually became 40 percent less billed. In the meantime (as of January 27, 2023), at least PayPal has this option prevented.
Is this trick really legal? – That says lawyer Christian Solmecke
But the most important question still remains unanswered: Is this action legal? or are you guilty of cheating? has chip in which well-known lawyer Christian Solmecke, who said: “Customers probably have nothing to fear under criminal law.” First and foremost, one does not commit fraud, but only uses one existing gap in the system the end.
But users should be careful: Is the goal not to make payments, but only transfers to perform in order to do one to achieve financial gainone gets quickly with the Terms and conditions of service providers like paypal in conflict. PayPal, for example, prohibits the use of the services offered by the service provider in its terms and conditions in order to generate money through speculative transactions or other activities with exchange rates. will this Disregarding the ban can result in legal consequences.
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