Notes on Java, Solaris, PHP, LDAP…

April 13, 2008

How much PayPal charges for currency exchange

Filed under: Java — negev @ 12:11 pm

Today I was ordering a wireless finger mouse from Hong Kong to the UK. The only way to pay was by PayPal and the seller ( was billing in US Dollars. I have PayPal account set to use my UK Visa Debit card which is calculated in British Pound. At PayPal checkout page, I’ve noticed following:

Total: $40.98 USD
Visa/Delta/Electron **** £21.33 GBP
PayPal Conversion Rate as of 13 Apr. 2008: 1 British Pound = 1.92135 US Dollars

Other Conversion Options

Just out of couriosity, I clicked at ‘Other Conversion Options’ link. And it gave two options, which basically said:

  • use the above conversion rate set by PayPal. The benefit is that you’re charged in your card’s originating currency, and that amount won’t change and there won’t be any extra fees. Or
  • pay in the currency of the bill, which means that your bank or credit card company can apply its conversion rate and fee(s), plus the conversion rate may change between you place the order and when the bank or card company

So I googled for ‘VISA exchange rate’ and I’ve found There I’ve chosen British Pound GBP to US Dollar USD and my bank fee (which is 0%) and it displayed:

Effective: Apr 13, 2008
1 GBP = 1.97 USD / 1 USD = 0.51 GBP
That means PayPal exchange rate (GBP to USD) was 2.46% above respective VISA exchange rate. And since my building society (non-profit bank) Nationwide doesn’t charge fees for overseas non-cash card payments, I am better off being charged via PayPal in USD than in GBP. Also some UK credit card retailers (PostOffice) don’t charge those fees.
However, most UK banks and credit card companies charge about 2-3.5% fees for overseas non-cash card payments, so then it’s about the same.
The actual rate I got from Nationwide was 1.969, which can be same as the above 1.97 before rounded up.


  1. Nationwide no longer do free international conversions. Im not happy about it !!

    Comment by neil — October 5, 2009 @ 5:57 am | Reply

  2. It has an all-black black (matte) external casing, comprehensive with a pop-up flash on the best.
    Fujifilm has been one of the masters of digital cameras and its specialty is their
    connectivity with their customers and their awareness of
    change in demand with the changing trends and upcoming technology.
    Some cameras are simple point and shoot while others have many different
    modes for taking pictures.

    Comment by Gita — May 31, 2013 @ 4:27 pm | Reply

  3. I have been exploring for a little for any high-quality articles or blog posts on this kind of space .
    Exploring in Yahoo I at last stumbled upon this site.
    Reading this information So i’m satisfied to show that I’ve a very just right uncanny feeling I discovered just what I needed.
    I such a lot surely will make certain to don?t put out of your mind this site and provides it a glance on a constant basis.

    Comment by — July 25, 2013 @ 10:49 pm | Reply

  4. Right now it seems like Movable Type is the preferred blogging platform out there right now.

    (from what I’ve read) Is that what you are using on your blog?

    Comment by Autism treatment Pacific Palisades — July 28, 2013 @ 11:56 am | Reply

  5. It’s actually a cool and helpful piece of info. I’m glad that you shared this useful info with us. Please stay us up to date like this. Thanks for sharing.

    Comment by money — October 17, 2013 @ 8:10 pm | Reply

  6. Hello tto all, the contents existing at this website
    are genuinely remarkable for people experience,
    well, keep up the good work fellows.

    Comment by oxycontin — November 20, 2013 @ 10:02 pm | Reply

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at

%d bloggers like this: