Paypal Transfers

[ondadl]

I don't know how to lose the least amount of money here. I have a lot of money in my US paypal account, and I'd much prefer it in my bank account. Their conversion rate is crazy unfair, and I think I lose another 2% for the transaction. What should I do? Open a US bank account and transfer it there?

[racmbs]

I don't know how to lose the least amount of money here. I have a lot of money in my US paypal account, and I'd much prefer it in my bank account. Their conversion rate is crazy unfair, and I think I lose another 2% for the transaction. What should I do? Open a US bank account and transfer it there?

That is your best bet...otherwise, you convert to CDN funds using Paypal's conversion and lose money.

[mirak]

Or get a PayPal debit card and use it to pay for stuff you get 1.5% back on it too. I have had mine for 4 years...

I also have a USD account in the US so whenever I need money I transfer there and the write a cheque to myself and cash it here


Rates are going down.... relly quick the more you take to convert that US to Cdn the more you loose !


BTW paypal rate sucks but there's no fee to transfer to your canadian account

[sharkhark]

You currently do not lose so much as they have had some favorable exchange rates for cda due to our strong dollar. Even with their percentage penalty I noticed that my own bank was still at least 1% above their exchange.