Originally Posted by R1ghty
Credit cards normally do instant, and free currency conversion. If I bring my visa to NY, it will be straight up exchange rate. Paypal doesn't offer that, And like stated above, plays with exchange rates always in their favor.
This is wrong. They do not do free conversion. They chose a conversion rate that includes their conversion fee, just like any other currency exchange market.
You might see the rate at XE.com, that's the base rate. Every financial institution and lender will take that rate and add their fee to it. This is why when you travel abroad you can actually shop around to convert your cash from banks and exchange offices. It's all a business.