Hi. If the canadian dollar is worth .75 cents on the market then why when buying in american funds

[crashingcollector]

Hello. would like to know that whatever the current rate of the Canadian dollar is, when buying something on eBay the Canadian dollar is always 2 cents less . Doesn't make sense if you want other countries that may have the same problem to keep buying. i have not bought a lot of items because the exchange rate is too low and not up to current status. 

Thanks.

[ypdc_dennis · Accepted solution]

---

@crashingcollector wrote:

Hello. would like to know that whatever the current rate of the Canadian dollar is, when buying something on eBay the Canadian dollar is always 2 cents less . Doesn't make sense if you want other countries that may have the same problem to keep buying. i have not bought a lot of items because the exchange rate is too low and not up to current status. 

---

You need to educate yourself about the so-called exchange rate.

There is a buying rate and a selling rate. If you're moving money in the 100 million dollar range your buy/sell rates will get close to the so-called exchange rate.

For the rest of us, most Canadian credit cards will be 2.5% under/over the daily rate when converting.

Paypal is 2.5% under/over if you do the currency balance exchange(*) before making a purchase. If you make a purchase and they handle all the details it's 2.75% (rising to 3% in July).

,,,

* PayPal allows you to have funds in your account in multiple currencies which can help reduce the impact of exchange rates fluctuations.

https://www.paypal.com/myaccount/wallet/balance

-..-

[momcqueen]

Avoid concerns with the exchange rate by shopping on ebay.ca and selecting sellers located in Canada. 

Canadian-located products are easily found by filtering your searches at left as such: