PayPal Currency Conversion Madness – Solution

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Be aware that PayPal calculates 2.5% on top of a bad (in your favour) currency exchange rate.

Example: You want to pay an British Merchant 420 GBP. By default you PayPal does the currency conversion for you. This boils down to a bad exchange rate of:

Screen Shot 2014-03-19 at 18.32.48

At the same time a simple google conversion yields:

Screen Shot 2014-03-19 at 18.34.17

 

~18,76 EUR difference!

To remedy this just go to:

 https://www.paypal.com/de/cgi-bin/webscr?cmd=_profile-merchant-pull-funding

And choose to NOT use the PayPal conversion method. (Only for Credit Cards)

Leave a comment if it works for you. :)

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