PSA: How to Avoid Excess Fees on Foreign Purchases Through PayPal

Update: Unfortunately, this solution no longer works.
now redirects to
which is quite a useless page. PayPal strikes again.

Original post below.

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When buying something in a foreign currency with a credit card through PayPal, you should always have the credit card issuer do the currency conversion, not PayPal. Sure, this means you won't know the exact Canadian dollar value of the transaction at the moment of purchase, but it'll cost less than it would with PayPal doing the conversion.

But finding this setting is a giant pain in the ass. There are articles about how to find it, but PayPal has changed their UI since they were written. I still haven't discovered the precise series of clicks and incantations you need to perform to find this page. Thankfully, I found a PayPal community thread with a direct link:
1. Log into PayPal.

2. Copy the above link, paste it into your address bar, and hit Enter.

3. Find your credit card in the Available Funding Sources list and click Conversion Options.

4. Select "Bill me in the currency listed on the seller's invoice."

5. Click Submit.

6. Curse PayPal's usury fees and inscrutable UI.

I spent over half an hour searching for this damn setting. Figured I'd share this to spare you the seething frustration I feel right now.