Why is the Exchange Fee being increased so much for PayPal Canada Nov 3?

mandicrafts
Contributor
Contributor

The new policy update for Nov 3 2020 says the exchange fee for transactions and sending money will be going up to 4% from 2.5%. This is way above industry standard!!! Why is this being introduced and will it affect withdrawals in a foreign currency? Is there any reduction for Merchant or Business Accts?
It will entirely change how I conduct business.

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