I just paid for an item via PayPal. The Canadian dollar is currently trading at around 1.02 US. That means 1 Canadian dollar SHOULD buy 1.02 US dollars. But NOT on PayPal. They converted my money at .98 US. SO they automatically make another 3-4% on MY money. In addition to fees levied to the seller. I complained but Im sure they dont give a crap. Perhaps its time that noone uses an institution that doesnt follow financial etiquette in favor of lining its own pockets a few cents or dollars at a time.
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