on 11-25-2020 04:01 PM
I have a US Dollar account with my Canadian Bank for which I have a US Dollar credit card. Whenever I make a purchase on EBay in US Dollars, the charges to my bank have been converted to Canadian Dollars and then my bank converts the Canadian Dollars back to US Dollars for payment against my US Dollar card. Fees are charged for each conversion.
How can I prevent the unnecessary conversions. As an aside, isn't this rather unethical if not illegal?
@tonnerbeer wrote:I have a US Dollar account with my Canadian Bank for which I have a US Dollar credit card. Whenever I make a purchase on EBay in US Dollars, the charges to my bank have been converted to Canadian Dollars and then my bank converts the Canadian Dollars back to US Dollars for payment against my US Dollar card. Fees are charged for each conversion.
How can I prevent the unnecessary conversions. As an aside, isn't this rather unethical if not illegal?
Can't say for certain but I can make some guesses..........
Probably if you go through checkout on .ca it defaults to CA Dollars, are you making the purchases on .com or .ca?
It's possible PayPal is not recognizing your credit card as being denominated in US Dollars since it is issued by a Canadian bank and not a "real" US card.