PayPal Canada, a global online payments business, is being sued. An Ontario man launched the class action litigation suit recently, claiming PayPal is hiding fees when converting currency -- something that is in violation of its agreement with users. The man, who filed documents with the Ontario Superior Court, says PayPal automatically converts any foreign currency in Canadian residents' accounts to Canadian funds upon withdrawal -- something it shouldn't be doing, he asserts.
The claim states those are unauthorized conversions and PayPal is charging Canadians a fee to convert foreign money when it is withdrawn from a PayPal account in addition to adding a fee to an already charged exchange rate. The allegations have not been proved in court. The man's motion for class action status will be presented in court.