I have just made a very small payment for an item on EBay using Paypal. I used the new Virgin Amex and have found that I have been charged a 'currency conversion fee'.
This is because, although the payment was to a UK user, Paypal converted my payment to US Dollars - then then back again. It has added over 5% to the figure I paid.
As this is only a matter of pennies for this transaction, I am not getting worked up about it, but - if this is normal - I won't be using my Amex card on Paypal any more.
Bear this in mind, if you are paying for expensive items on EBay.
Nick
This is because, although the payment was to a UK user, Paypal converted my payment to US Dollars - then then back again. It has added over 5% to the figure I paid.
As this is only a matter of pennies for this transaction, I am not getting worked up about it, but - if this is normal - I won't be using my Amex card on Paypal any more.
Bear this in mind, if you are paying for expensive items on EBay.
Nick
