What does "PayPal currency conversion spread" mean in regard to the September 3, 2019 PayPal update?

[AugustinAustin]

Does "PayPal currency conversion spread" only have to do with changing dollars to Euros or other types of monies -- or are they talking about charging me a fee every time I use PayPal to buy something?

Thanks for your answer(s)!

August in Austin

[PayPal_Gwen · Accepted solution]

Hi @AugustinAustin,

That's a great question! Currency conversions will only apply if more than one currency is involved in a transaction (either receiving or sending money). If you're simply purchasing something in USD and your bank or card linked to the PayPal account is also in USD, you should not see a currency conversion on your end. 

Thanks,

Gwen

[AugustinAustin]

Thanks so much for your clarification. Not understanding what is being referred to makes me nervous! And now I know.  🙂