Because PayPal adds a % conversion fee to the base exchange rate to calculate the exchange rate to keep the lights on and pay employees, make a profit, etc.
I know currency conversion is not free PayPal detects the 5% charge my question is why PayPal gives us a dollar rate low. let me explain more - My client sent me $200 but PayPal detected the $11 dollar I understand the $11 is PayPal currency conversion fee. But the rest of my $189 they should convert with the current value of dollar but they always I see 71.something rate give us.
Hello, indeed I understand your frustration. Generally, if you receive money and want to convert it into CAD or USD, expect to incur a conversion fee of 3.5. For the other currencies, the rate is at 4%. Alternatively, you may use exchangers to convert and get the best rates. Notably, if you try <Removed> to compare from a list of over 50 exchangers and choose the best. The platform supports all e-currencies, including PayPal.
