Hi, I have just paid for a large transaction billed in euro. Only to be advised in the receipt that euros have been converted automatically by paypal into Swiss francs without my consent. I thought that the ammount indicated under the original currency was to give me an indication of what it might be in local currency. Doesn't sound right. If I am accepting the bill in the foreign currency, that foreign currency amount should be billed as is to my nominated credit card account. I'll let my bank decide what/how to convert. The conversion rate is double of the market rate, which is outrageous. I ended up paying much more than I expected. Sounds like a desperate effort to make a revenue at any cost. PayPal please explain. If this is a new stream of revenue for PayPal, and I have no say in it, I'll close my account and move elsewhere.
... View more