BitcoinBaroness
Tue Jul 16 2024
|
5 answers
973
How does PayPal calculate currency exchange rates?
As a keen observer of the digital financial landscape, I'm curious to know how PayPal calculates its currency exchange rates. Given the volatile nature of cryptocurrencies and traditional currencies alike, it's imperative to understand the methodologies behind such calculations. Do they use market rates or apply a premium? Do exchange rates vary depending on the type of transaction or the user's location? Are there any hidden fees or charges that could affect the final exchange rate? Clarifying these points would help users make informed decisions when using PayPal for cross-border transactions.
