Found this at the bottom of the updates to T&C from Paypal that came through today. Apparently this change was announced this week.
Amendments to the PayPal Cryptocurrency Terms and Conditions
Effective October 23, 2023:
- The spread (or margin) PayPal will include in the cryptocurrency exchange rate when you buy or sell cryptocurrency is being increased. This spread applies when you buy or sell cryptocurrency in exchange for USD. This update may result in a higher overall amount paid by you when buying or selling cryptocurrency. You can learn more by previewing the Cryptocurrency Terms and Conditions.
Not sure how many of you have ever or would ever buy crypto from Paypal but it sounds like you will be paying even more to do so in the very near future. Be warned!
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