I was shocked today by the rather significant amount of money I was losing when a company reimbursed me in CAD converted to USD to my Paypal, and then trying to transfer that USD to my bank which is in CAD. It is not a plain conversion, there is indeed a pretty big hidden fee, though no fee is shown. Actual case : 192.90 CAD was reimbursed to my Paypal at 134.98 USD ; though the true amount paid was 141 USD yesterday. That 134.98 USD, when I try to transfer it to my CAD bank account, is further reduced to 174 CAD. So I am losing, out of the blue, 18.62 CAD (-9.65%) because two "special" conversions were done by Paypal. Conclusion : I will not transfer to my bank account and will leave it on Paypal to be used for USD transactions. This is rather discouraging for international trade between Paypal accounts.
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