Love an eBay bargain, but hate PayPal’s Dynamic Currency Conversion rates for Forex payments?
To avoid PayPal converting non-Sterling amounts I like to keep this link handy:
Then click on the conversion options next to your card, and select “Bill me in the currency listed on the seller’s invoice”.
Navigating to this option from the PayPal home page is quite convoluted…
Note: I have a sneaking suspicion that every now and then PayPal decide to change my card back to them doing the conversion. So I recommend revisiting this page to check that the setting is still holding every time you are about to check-out.
PayPal conversion on merchants $14.99 transaction: 11.61GBP
Monzo conversion on same $14.99 transaction: 11.16GBP
Allowing Monzo to do the conversion -> saves 45p (approx 4%)