Why is ebay charging 3.7 % instead of 3% to exchange my moneys canadian to us funds.

Why is ebay charging 3.7 % instead of 3% to exchange my moneys Canadian to US funds.

It's the principle of it not the money. Purchase price was  4.38 US which is 5.63 ca (rounded to the higher) at XE Currency Converter. (which was the same as ebay) I was charged 5.84 Canadian.

5.63 x 3 %    = .17     5.63 +  .17= 5.80 I thought it should have been.

5.63 x 3.7% = .21     5.63 + .21 = 5.84 This is what I was charged.

Like I said it isn't the moneys in my case because it is only 4 cents but if this was thousands of dollars I would be a little put off.

Is there another fee that Ebay charges that I am not aware of?

I wonder how they got this.

 

Thanks in Advance

No is the price of money I checked XE very reputable and Ebay did have the same figure.

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(To avoid currency conversion fees, shop Canadian.)