Visa card charged converted PayPal amount.

[sariabushusheh]

Hi Guys,
I am a Canadian buyer who sometimes finds myself buying items from US sellers.

I under

[pjcdn2005]

What's your question?

[teenytrinkets]

I think you're asking why you were charged the converted CAD$ amount on PayPal instead of the US$ amount on your invoice.

You can set up a default to do that, but sometimes it gets overridden. Just make sure to select "conversion options" and "conversion by card issuer" when you purchase, before you hit "pay now".

[marnotom!]

Just to add to @teenytrinkets' excellent post, watch out if you're getting your credit card issuer to convert currencies rather than PayPal.  My VISA issuer charges a 2% currency conversion fee rather than PayPal's fee of 2.5%, but the exchange rate they use is from VISA International and not as good as PayPal's.

[pjcdn2005]

Paypal's currency conversion rate is 3 or 4%.

4% for sending/receiving personal payments, commercial transactions and when using Paypal Payouts.

3% for other transactions 

[marnotom!]

All the same, when I last checked, I was still getting a better deal with PayPal than with my VISA.