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Originally Posted by Corvicron
How do you change it? How else is it calculated? I'm not familiar.
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Settings -> Payments -> Manage Preapproved payments -> Set Available Funding Sources -> Conversion Options -> choose Bill me in the currency listed on the seller's invoice -> Submit
According to PayPal, there are two ways it is calculated.
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Use PayPal's conversion process to complete my transaction using my card's currency.
- Both the original transaction currency and the converted amount that I will be charged are disclosed for my convenience. I understand that MasterCard and Visa have a currency conversion process. I have chosen not to use the MasterCard and Visa currency conversion process, and I will have no recourse against MasterCard and Visa with respect to any matter related to this conversion.
Bill me in the currency listed on the seller's invoice.
- I will not know which foreign exchange rate has been applied to this transaction until I receive my card statement from my card issuer. I acknowledge that by choosing this option, my card issuer will determine the foreign exchange rate to apply to this transaction, and that I will not be informed of the foreign exchange rate or any additional foreign exchange fees applied until I am billed by my card issuer.
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Basically, it's PayPal's rates vs. your card company's. In my case, PayPal has always been overcharging me.
