Thread: Is Paypal Screwing Canadians?
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  Post #14 (permalink)   12-23-2007, 06:02 AM
inworx
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Join Date: Apr 2007
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PayPal, and all banks which do allow currency conversion show the actual value per C$ or US$ you get after deducting ther conversion fees, which is 2.5% in case of PayPal. It might be different for your banks.

The market value you see is the Actual Value of C$ or US$, but if you need exchange in currency/in hand, then you pay the conversion fees, which keeps your 3 cents or sometimes more.