As a Canadian, I am trying to transfer USD monies into my USD account at a Canadian Bank. I am a newbie and have received inconsistent information at best from PayPal service agents who admittedly are located in the Phillipines and might not understand why a Canadian would have a USD account in a Canadian Bank. Trying to outline this scenario was an absolute gongshow. When I transfer money out of PayPal I MUST receive it in CAD only. This is absurd. Paypal pays me 1.31x on the conversion and the bank charges me 1.37x for the same. So, 6% which is outrageous. PayPal service agents beat around the bush saying "oh yes it will go to your account, but it's converted first, then converted back...you'll still get the same USD amount but its converted to Candian and the back to American dollars but then it goes into the account....." AROUND and AROUND and AROUND we go! No straight answer. No qualified advice. Ridiculous. I will never use PayPal again unless this obvious flaw is corrected.
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