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
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.
Monzo - £17.48
Paypal - £18.22
Boom, indeed. Spend your £0.74 wisely.
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.