Paypal - How To Make Money Off The Buyer And The Seller

This is news to me. First, let me say, I've been a paypal and ebay Canada customer for about 10 years now. I had no idea this was happening.

In the early years, the Canadian Dollar was less than the US buck. Just for arguments sake, lets say $0.90 US would buy $1.00 Canadian.

Now, though not by much, the shoe is on the other foot. $1.00 Canadian will buy you about $1.02 US. ebay respects that. They offer 'the conversion factor' right there, when you use ebay dot ca


In my most recent example, The item had a BIN (Buy it now) of $US $144.58 they go on and advise: Approximately Cdn $141.75

When the transaction went through Paypal, I still ended up paying more in Canadian funds - their translation was: $145.90 CAD To amount $144.58 USD using an outdated exchange rate... ie, the Canadian dollar has been worth more than the green back for at least a few months, yet they suggest the $cdn is only about $0.99US - not much, I know, but still wrong.

Furthermore, the seller contacted me after the purchase, and advised that he too was dinged an addition 1% (or $1.50 US) for the 'foreign exchange transaction'.

I know, as the dollars are approaching parity, it's not a big enough amount to about, but it both sides off - neither gets a break.