![]() But if you exchange 80 Euros for 100 U.S. Dollars for 80 Euros, the exchange rate would be 1.25. Via credit/debit card: CAD 2.99 fixed fee + 2.90% commission. The formula is: Starting Amount (Original Currency) / Ending Amount (New Currency) Exchange Rate.Via PayPal balance/bank account: CAD 2.99 fixed fee.XE is good for Money transfers and exchange rates for 180 currencies No. With PayPal, whenever you transfer money to the account of somebody else in a different currency, you'll pay a currency conversion fee in addition to the margin we touched on above. and link a debit card or PayPal account to. In effect, this means that for every CAD 1,000 you transfer over to the US, PayPal will convert only around CAD 960 of that amount into US dollars at the true exchange rate. ![]() However, according to our own analysis of the exchange rate that PayPal displays on its pricing calculator for CAD/USD transfers compared to the mid-market exchange rate, PayPal's exchange rate margins fluctuate constantly and can be slightly lower or higher than this amount. the one you see on Google) and the exchange rate that PayPal offers.Īccording to PayPal's fee schedule, this fee constitutes a margin that's 4% above the mid-market rate. The exchange rate that PayPal then provides you also includes a processing fee above the base rate. In most cases, the bulk of the fees PayPal will charge you when sending money from Canada to the US will come in the form of the exchange rate margin, the difference between the mid-market exchange rate (i.e. How is PayPal’s exchange rate calculated The base foreign exchange rate at which PayPal obtains foreign currency is determined by 3rd party financial institutions, and are adjusted regularly based on market conditions. ![]() We go through them both below: PayPal Canada to the US - Exchange Rates Ultimately, this is because of the highly variable, nontransparent fees and USD to CAD exchange rates that you'll be charged along the way. PayPal also charges a 4.5 fee for conversion service. ![]() Weighing up total fees and exchange rates for international payments, it quickly becomes clear that PayPal is one of the most expensive ways to transfer into a different currency. PayPals currency conversion fee to US or Canadian dollars is 3.5, but is 4 for other currencies. ![]()
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