How Canadians Can Avoid Getting Ripped off by Paypal Foreign Exchange Fees

Image by 22CheyenneMarie via Flickr

For Canadians, getting US money out of PayPal can sometimes be an expensive hassle. You likely already paid fees of 3% to 4% when you received payment from another party. Now, not only do you need to eat the cost of converting to a stronger Canadian dollar, but you also have to pay an additional 2.5% on the exchange rate just to get your money out! That is an extra $25 per $1000 that you lose.

Fellow Canadian blogger Sustainable Personal Finance has discovered a way for Canadians to get their funds out without paying that 2.5% premium.

Visit Sustainable Personal Finance and read the full article as well as detailed instructions…

About Kevin

Kevin has left the office, and he is currently fighting the rat race by working on his own business. He enjoys exploring unvisited places around the world and gaining new experiences. He believes that by properly managing our energy and time, we can learn to invest our lives wisely.

Comments

Sustainable PF says

August 19, 2011 at 2:30 pm

Thanks for highlighting this article!

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Yakezie Plutus Juyo | Financially Consumed says:

August 21, 2011 at 1:13 pm

[…] Invest It Wisely How Canadians Can Avoid Getting Ripped off by Paypal Foreign Exchange Fees […]
August 2011 Blog Update | Sustainable Personal Finance says:

September 9, 2011 at 6:28 am

[…] […]