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GO to Profile > Payments > My Preapproved Payments > Set Available Funding Sources > Conversion Options
Thanks. I used to have the other option and it worked fine until last year, when I changed my primary bank and the credit card was cancelled. Now I have a new card with another bank that seemingly uses the more expensive conversion by default. I'm glad I found this panel and I'll see if Paypal accepts to not charge me. I may have to make a reclamation if they don't.
Same thing happening to me, buying from ebay, the USD ammount charged to me on PAYPAL, was the same as in EBAY, but my credit card charged me about 120USD extras, because they said some currency exchange, i only have USD setup in paypal.... so could be a problem with ebay yes, but... paypal should not do this currency conversions if USD is available.
Contact tech support:
Just off the phone, was told it has always been the policy that paypal does the currency conversion and that the policy has never been changed??? I'm sure my credit card used to do the currency conversion and I switched back and forth depending on whether paypal or the credit card conversion cost less. Now I have a no fee card so it's always the best for conversion fee.
I guess the only option for myself, my wife and three kids is to stop using our Paypal accounts and go back to using our credit card exclusively to make web purchases.