Originally Posted by Rugger_can
Paypal is crooked as a witches nose when it comes to currency conversion.
HOWEVER, here's what you can do. If your not comfortable with using a credit card online or with overseas retailers. use credit card gift cards. they can be purchased for any denomination and they will currency convert (at the rate posted on that cards provider.. ie visa or mastercard which is usually 100% accurate as to what it is).
Personally I think paypal should be bitch slapped. why the hell do they no advertise their currency conversion rate BEFORE you do the conversion. that would be like ordering from a menu with no prices. Who knows how much that glass of wine just cost you. It leaves buyers with an uneasy feeling.
Just my opinion.
Paypal really screwed people a lot over the years but you can't use alternative systems because Paypal has a monopoly on online payment processing systems. Google Checkout I thought was going to come in and kick some ass but it seems pretty stagnant and I haven't heard much about it after the few digg and slashdot articles a few years ago.
Also +1 for the Prepaid Visa/MC Giftcards. Only problem is that it isn't tied to an address so bad things *may* happen (ie. you try buying gas or something but they need a postal code/zip code) but for the most part they're only odd cases (read up about them on consumerist.com). You can get them form pretty much any major bank (I know BMO, and RBC has them and possibly HSBC), as well as "Van City Credit Union" does them too so there's lots of options. I think it costs something like $8 to "open" a card/account and then you load it up with cash and they charge like $2 or something each month (I don't know how they get away with this with the new "gift card" laws but I haven't looked into them for a while so maybe they waive that charge these days)