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<p>[QUOTE="Valentinian, post: 2640066, member: 44316"]Today I paid a CT member for a coin and PayPal automatically switched my US dollar amount to the corresponding amount in Canadian dollars (I guess the seller is in Canada). This is something pretty new. I caught it in time and clicked on the right box to make it US dollars to US dollars. After all, it was priced in US dollars. Maybe they are being kind to Canadians who love their own currency, but I half suspect it is so PayPal can make money on the currency exchange. I figure most collectors who use PayPal to buy ancient coins have more use for US dollars than Canadian dollars.</p><p><br /></p><p>So, this is a warning. If you use PayPal, make sure the person getting it is in your country, or be careful if you don't know where they are. Watch for that automatic currency conversion and don't do it if they really want payment in the stated currency. PayPal may set it up to convert currency, but I somehow doubt the seller wants the money converted.[/QUOTE]</p><p><br /></p>
[QUOTE="Valentinian, post: 2640066, member: 44316"]Today I paid a CT member for a coin and PayPal automatically switched my US dollar amount to the corresponding amount in Canadian dollars (I guess the seller is in Canada). This is something pretty new. I caught it in time and clicked on the right box to make it US dollars to US dollars. After all, it was priced in US dollars. Maybe they are being kind to Canadians who love their own currency, but I half suspect it is so PayPal can make money on the currency exchange. I figure most collectors who use PayPal to buy ancient coins have more use for US dollars than Canadian dollars. So, this is a warning. If you use PayPal, make sure the person getting it is in your country, or be careful if you don't know where they are. Watch for that automatic currency conversion and don't do it if they really want payment in the stated currency. PayPal may set it up to convert currency, but I somehow doubt the seller wants the money converted.[/QUOTE]
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