Way to avoid using Paypal Currency Conversion (for Chase no 2.5% exchange rate CCs)
Just want to post this for people to save some money.
When purchasing something with foreign currency, Paypal default payment option is to use Paypal's own currency conversion then bill your CC's source currency.
This can go against you if you have a credit card that does not have 2.5% fee (i.e. Chase Sears, Amazon, Marriott CCs).
To change your currency default option, do the following:
My Account -> Profile -> My Money -> My preapproved payments -> Update -> See Available Funding Sources (or Set Available Funding Sources) -> Conversion Options (for card you'd like to change this option)-> Bill me in the currency listed on the seller's invoice -> Submit
Hope, it helps.
Source: https://www.paypal-community.com/t5/Sen ... uage=en-gb
When purchasing something with foreign currency, Paypal default payment option is to use Paypal's own currency conversion then bill your CC's source currency.
This can go against you if you have a credit card that does not have 2.5% fee (i.e. Chase Sears, Amazon, Marriott CCs).
To change your currency default option, do the following:
My Account -> Profile -> My Money -> My preapproved payments -> Update -> See Available Funding Sources (or Set Available Funding Sources) -> Conversion Options (for card you'd like to change this option)-> Bill me in the currency listed on the seller's invoice -> Submit
Hope, it helps.
Source: https://www.paypal-community.com/t5/Sen ... uage=en-gb