pp is always pig on exchange rates......that is why they love me....

I always pick my credit card rate. Even they are out to make money off you, but I don't want PayPal to take any more of my money.

Even on smaller purchases. I bought something that was like 22USD, and PayPal wanted $28.91CAd and my card rate was like $28.10... 81 cents on a very small transaction. Screw paypal.

Canadian banks love foreign money.

when you deposit money in your account, the bank can back $10 worth of loans with your $1 deposit.

With each $1cdn worth of US dollar deposits from out of country..., the bank can loan $100 cdn.

These numbers are not exact, but you get the idea.

The banks will never let you know this thing about foreign money coming in being worth ~10x over normal deposits for loan purposes.

Lets say that my old company (still involved) did $1M in deposits in a year, of US and other foreign moneys coming in.

The bank could use that as backing for as much as...lets say...$50M Canadian in loans, according to the Canadian bank charter they operate under. Under any normal reality this is known as Rehypothecation, but ....
Ken great insight but no....... Canadian banks do not loan $100 for every US 1.00 invested .
Thus a company that brings foreign deposits in is automatically a 'bank darling' that rolls at a seeming minimum weight of 10X-50x its 'foreign-to-Canada' currency deposits.

Just something you might need to know one day when negotiating with a bank.

Canadian banks love foreign money.

when you deposit money in your account, the bank can back $10 worth of loans with your $1 deposit.

With each $1cdn worth of US dollar deposits from out of country..., the bank can loan $100 cdn.

These numbers are not exact, but you get the idea.

The banks will never let you know this thing about foreign money coming in being worth ~10x over normal deposits for loan purposes.

Lets say that my old company (still involved) did $1M in deposits in a year, of US and other foreign moneys coming in.

The bank could use that as backing for as much as...lets say...$50M Canadian in loans, according to the Canadian bank charter they operate under. Under any normal reality this is known as Rehypothecation, but ....
Ken great insight but no....... Canadian banks do not loan $100 for every US 1.00 invested .
Thus a company that brings foreign deposits in is automatically a 'bank darling' that rolls at a seeming minimum weight of 10X-50x its 'foreign-to-Canada' currency deposits.

Just something you might need to know one day when negotiating with a bank.

I think I found a work around this issue and you can set the default to always go with your credit card.

Try this: Profile (that gear looking thing by Log out at the top right) - Payments - Set Pre-Approved Payments - Set Available Funding Sources

This will give you a list of all the funding sources you have on your Paypal account. Select the credit card and then select to have the credit card issuer do the conversion. It only works for credit cards.

I thought this would only work for pre approved payments like my eBay invoice. But after making the change, it always defaults to credit card issuer.