I know its possible now for Brazilians to open accounts with Pay Pal and connect the account to their bank account just like in other countries where its been a payment processor for a number of years. When sending Reais from a Pay-pal account in Brazil to say, the pay-pal account of an American, the transaction will of course automatically convert the Reais to dollars.  My question is what kind of rate does Pay-pal give, the current market rate or do they take an extra commission from the rate? Does anyone have any experience with using Pay-pal this way?

i've sent money to australia before and found it to be roughly 2.5% over the rate i was seeing online, but that was a few years back, just make sure you fund it with your checking account and not a credit card so the person receiving the money doesn't have to pay to receive it

Edited by andrewfroboy - 12 March 2010 at 14:37

What a lot of people don't think about when they transfer money from ANY place is its not just the 'service fee' or whatever they want to call it.