For Managed Payments, sellers must have a Canadian bank checking account.
Your Canadian bank account can be in US dollars or in loonies, but you can only choose one.
You cannot attach an American bank account if you are registered in Canada.
charge me a conversion fee & if yes, how much will it be (%)?
I'm pretty sure this part has nothing to do with eBay or Managed Payments, but only with your bank.
When you get paid in USD
- If your Canadian checking account is held in USD, there will be no conversion, unless/until you take the money out in loonies. That is, you can write cheques to your US supplier (or snowbird sister in AZ) in USD without a premium.
- If your Canadian checking account is held in loonies, you will be charged exchange when the USD arrive at your bank.
- If you take USD from your Canadian USD account to buy dollar bills, you will be charged fees to cover the difference between that day's buy/sell rates. The bank changes your balance into loonies at one rate then sells you USD at another, higher, rate.
The fee will vary from day to day- the conversion rate you see on, for example, xe.com is a mid-market rate and applies only to large transactions usually in the millions from bank to bank. It's convenient but not accurate.
Buy/sell exchange rates also are different. The bank charges more to sell you currency, than they will when they buy currency from you.
FWIW- a few more intelligent posters than I have looking into this from time to time and seem to consider it a wash, compared to credit card exchange rates. (Because some buyers and sellers are dealing with cards directly).
TL/DR - Your US bank account cannot be used with your Canada registered eBay and Managed Payments account.
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