I was showing my sister how to pay me back for the hotels we shared, using Paypal 'friends and family'. She is in Canada and I am in the US.
I sent her $2 USD from my Paypal balance, which translated to $2.48 CAD at the exchange rate. She did not receive $2.48 CAD.
She received $1.24 CAD, the gross amount shown below.
How is the Missing $1.24 Paypal fee calculated for this "free " friends and family trans., and WHERE is the rate posted?
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May 30, 2018 at 6:22:40 PM PDT Transaction ID: ************003T Payment Status: COMPLETED
Your Payment: Gross Amount -$1.24 CAD PayPal Fee -$1.24 CAD Net Amount -$2.48 CAD
Funding details
Funding Type: PayPal Balance Funding Source: -$2.00 USD - PayPal Account
Payment Type: Personal Payment Gross amount -$1.24 CAD
Currency conversion: Conversion from: $2.00 USD Conversion to: $2.48 CAD Exchange rate: 1.245286
