Currency conversion rate Paypal? WTF?
 

Anyone noticed something different in the conversion rate since Friday? They want to charge me 10% instead of the usual 2.5% conversion rate fee, basically taking 10cents from every dollar I want to withdraw, is it just me or did anyone notice the same?

Paypal has always offered crazy currency conversion fees.

Right now though, I think they are just covering themselves with an extra buffer because of the big currency movements we have seen since Britain voted for Brexit. Both today and Friday we have seen much larger currency movements than under normal circumstances. The extra insecurity causes "monopolists" like Paypal to move over the entire cost and risk onto the consumer, since no one else can exchange your Paypal funds for you, thus giving you no choice.

so I gave them a call, apparently it's an error because of the brexit that should be fixed by tomorrow, will see....

omg, really strange. & FYI, usually I withdraw for free, no charges :2 cents:

Paypal has always been good for things like that. Anytime anything seems off, just call them.

A good way to save money is to open a bank account in the default currency (USD$?), pay to it via Paypal, and let your bank do the conversion. This should save you a few points.

You can also try using XE - The World's Trusted Currency Authority too.

TD bank , charges $3 at the machine:2 cents:

yeah i use them and the are so fuckin expensive now

Paypal sucks ...