Paypal

[rob love]

I actually had to send some loot to someone else on this board in the US last night, so got to see what fees were involved. It was credit card based, on $350 US, so here are the fees I had to pay:

Paypal Exchange rate = 1 cdn $ = 0.987 US dollars (current BofC exchange rate is 1.0163)
Fees: $13.95 US.

Total cost to send $350 US ended up being $368.60 onto my MCard. Remember that the US peso is currently lower than the strong Cdn $ these days, so in reality it was around $20 in exchange and fees.

Now if I was purchasing off ebay, the seller would have been eating the $13.95 fee I believe, while I still would have been paying the 3% on the exchange rate.