What are the fees associated with converting USD to CAD using PayPal?

3 answers

• iHegemonicMar 25, 2025 · 6 months ago
  When converting USD to CAD using PayPal, there are a few fees to consider. First, PayPal charges a currency conversion fee, which is typically around 2.5% of the transaction amount. Additionally, PayPal may apply an exchange rate markup, which means you might not get the exact market rate. It's important to note that these fees can vary depending on the specific transaction and your account type. To get the most accurate information, I recommend checking PayPal's website or contacting their customer support.
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• BenedictOct 03, 2024 · a year ago
  Converting USD to CAD using PayPal comes with some fees. PayPal charges a currency conversion fee, usually around 2.5% of the total amount you're converting. This fee covers the cost of converting the currency and is applied to the transaction. Keep in mind that PayPal may also apply an exchange rate markup, which means you might not get the exact market rate. It's always a good idea to compare the fees and rates of different platforms before making a decision.
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• Malitha pathirageJul 29, 2024 · a year ago
  When it comes to converting USD to CAD using PayPal, there are a few fees you should be aware of. PayPal charges a currency conversion fee, typically around 2.5% of the transaction amount. This fee covers the cost of converting the currency and is applied to the total amount you're converting. Additionally, PayPal may apply an exchange rate markup, which means you might not get the exact market rate. It's important to consider these fees when deciding whether to use PayPal for your currency conversion needs.
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