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PayPal is Not a good foreign transaction payment choice

Posted by John on 12/4/2013 to Selectlocks Blog
If you have any reason to purchase something that is priced in euro's (or any other no US dollar currency) do not let the merchnat force you into using PayPal. We just added money to a SIM card we purchased earlier this year via They only accept payment via PayPal. PayPal increased the cost of the conversion from euro to US dollar by 2.5%. This is outrageous in today's financial environment. Our credit cards from Chase do not charge ANY foreign transaction fees. And it seems that more and more banks are headed in that direction (except Wells Fargo, of course) Obviously, we will not use in the future.

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