Paypal or Monzo Conversion

(Jonathon) #1

Purchasing some tickets for an event in Spain next week, and it’s going through Paypal in Euros.

It’s asking if I should take Paypal’s exchange rate, or card issuer. Anyone know which one would be better?

Exchange rate: £1.00 GBP = €1.0977883 EUR

Converted as of 26/04/2018, 19:21

(Herp Derp) #2

check here as this is the rate you will get from Monzo


Always use the Monzo rate, so charge your card in whatever currency you’re paying instead of letting the payment processor convert it for you as they always give you a worse rate.

(Jonathon) #4

Monzo - £17.48
Paypal - £18.22

Boom :boom:

(If there's the wrong end of a stick, you'll find me holding it.) #5

Boom, indeed. Spend your £0.74 wisely. :+1:

(Herp Derp) #6



Coin Jar! :wink:

Maybe Monzo should create a “legacy bank bullshit fee jar” where upon each foreign transaction, a fee comparable to what a legacy bank would charge is deducted and put into that jar.