it does seem a bit early, especially with how banks are completely befuddled when it comes to this fee (but still charge it!)
btw, i believe paypal charges 2.5%...here is the info straight from the horse's mouth:
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.
Originally Posted by Boraxo
I have edited the Wiki to reflect this pending change. I have also noted that you can withdraw cash for free with a Citi ATM card at 5000+ 7-11 stores in the U.S. ^
Looks like I will be getting a paypal debit card as hell will freeze over before I'll pay a 3% ATM fee to Citi or any other bank. The pre-trip money transfer to paypal will be a minor hassle, but nicely offset by the interest paid on my balance.
