Difference between advertised PayPal currency exchange rate and actual rate during payment

[AmaDu]

Hello, 

I am looking to pay an article online and the site offers payment in USD. Coming from Europe, I chose to pay in Euro.

But the price in Euro seemed high so I checked and when paying the offered exchange rate is 1 EUR = 1,13234 USD whereas the exchange rate displayed by the currency calculator available in the "My Wallet" menu is 1 EUR = 1,1441 USD.

Why is there such a stark difference between the advertised rate and the one that is applied during payment?

[benfielding214]

PayPal uses a different exchange rate for balance transfers and for payments. If you convert money as a balance transfer within your PayPal account, you can get a better exchange rate, because the markup added by PayPal is smaller. Its just Paypals mark up (fee)

[sharpiemarker]

@AmaDu 

If you used PayPal’s currency calculator, the rate given there may not be the actual one used and could differ from the moment of transaction. You get a close estimate, not the exact rate with the calculator.