I noticed this since it is my second transaction with this happening. Paypal charges 4-7% higher than the actual exchange rate when sending USD to GBP, even when no fees since sending money to a vendor. First time I noticed a ~7% increase to the rate, but thought maybe it was fees added. This time it caught my attention because I noticed the increase in sending money over (exchange rate was $1.25usd to GBP), but was charged $1.30 USD to GBP. Then, I got a refund for that at $1.25 USD to GBP( the posted exchange rate) so got less back, although exchange rate was the same. Obviously, would like this to get fixed...
