Australia, New Zealand & the South Pacific - paypal...what kind of exchange rate do you get?

If my fiance were to pay me using Australian paypal what kinda fees are taken out??? Do you get near the real exchange rate?

If my fiance were to pay me using Australian paypal what kinda fees are taken out??? Do you get near the real exchange rate?

I think this is probably the wrong forum to be asking in, but anyway.

If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.

That is about right of the exchange rate rip-off but do not forget paypal fees too for recipient if sender is using a credit card.

I work on a rule of thumb 5% loss from American buyers. :mad: