Hum... why can't I chose to let my credit card do the conversion anymore? Before, it was possible to do that (see http://lifehacker.com/5957808/avoid-paypals-high-international-currency-exchange-rates-by-switching-one-little-option) and benefit from a great perk of my no conversion fee credit cards (Capital One, Discover...) rather than been charged the hidden conversion fee of PayPal with their so-called conversion rate. For example, PayPal want to charge me at least $1 more than Capital One for a EUR>USD transaction of approximately $25 which means a 4% hidden fee. Please fix this or I won't use PayPal anymore for international transaction.
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