Paypal Charge to Convert Currency?

in Shop but don't drop
2 replies 54 views
InDebted2U_2InDebted2U_2 Forumite
379 Posts
Part of the Furniture 100 Posts Combo Breaker
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I can't find the answer to this on Paypal's site, it just keeps directing me to the currency converter,
If I am paying for something in Euros and my currency is pounds sterling, how much will Paypal charge me for the transaction? Is it a set fee or a % of the purchase price? Can anyone point me to the answer please?
2021 Targets
find my smile again
:money:

Replies

  • Niloticus1Niloticus1 Forumite
    5 Posts
    First Post
    They seem to have hidden it quite well.... I can't answer the question but I think the best way to scupper PayPal is to use a credit card and click "Currency Conversion Options". You will be given the option to select payment in the foreign currency using the card providers FX rate (check your card provider but usually a good interbank rate).  PayPal will charge a fee of about £3 iirc. The important thing is to use a credit card that doesn't charge a fee for foreign transactions (Nationwide gold visa in  my case). PayPal are getting their £3 fee but not using their outrageous FX rates. I won't allow PayPal to convert currency on principle, moreover I usually try and pay by bank transfer using TransferWise (instead of Paypal) but that's not always possible.
  • InDebted2U_2InDebted2U_2 Forumite
    379 Posts
    Part of the Furniture 100 Posts Combo Breaker
    ✭✭
    I found out that the answer is that when you click to pay something in Euros, Paypal tells you how much that will cost in GBP (no extra fees), so it's all good.
    2021 Targets
    find my smile again
    :money:
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