Class action lawsuit against PayPal alleges hidden currency conversion fees

TORONTO — A class action lawsuit has been filed against PayPal Canada on behalf of an Ontario man alleging that the online payments company charges Canadians hidden currency conversion fees, violating its user agreement.

Court documents filed to the Ontario Superior Court on Nov. 24 on behalf of Leonid Kaplan state that when PayPal Canada account holders wish to withdraw foreign currency from their accounts, the company unilaterally and automatically converts those funds to Canadian dollars.

The statement of claim says the conversions are not authorized by contract or otherwise and that PayPal Canada charges account holders an undisclosed fee to convert foreign currency on withdrawal as well as a percentage fee added to the exchange rate charged.

Toronto law firm Paliare Roland Rosenberg Rothstein LLP is representing Kaplan, who will bring a motion to the court seeking certification of the action as a class proceeding.

None of the allegations have been proven.

PayPal Canada did not immediately respond to requests for comments.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

More choices now available for office locations in Red Deer

Depending on size, offices can locate in different city commercial zones

Painting of slain Red Deer doctor and his family is a reminder ‘we care’

Remembering the family of the late Dr. Walter Reynolds

COVID-19: More than 1 million Albertans have been tested to date

Roughly one in four Albertans have been tested

QUIZ: Do you know what’s on TV?

Fall is normally the time when new television shows are released

David Marsden: Molly Banister extension must be kept

‘It would be a mistake to take a sensible response to future residential development off the table’

Bubble hockey champs: Tampa Bay Lightning beat Dallas Stars 2-0, win Stanley Cup

Bubble hockey champs: Tampa Bay Lightning beat Dallas Stars 2-0, win Stanley Cup

Mahomes outplays Jackson to lead Chiefs past Ravens 34-20

Mahomes outplays Jackson to lead Chiefs past Ravens 34-20

The Finals are set: LeBron, Lakers will meet Butler, Heat

The Finals are set: LeBron, Lakers will meet Butler, Heat

Canadian Leylah Annie Fernandez upsets No. 31 seed at French Open

Canadian Leylah Annie Fernandez upsets No. 31 seed at French Open

Blue Jays to start Shoemaker in Game 1 against Rays, Ryu on tap in Game 2

Blue Jays to start Shoemaker in Game 1 against Rays, Ryu on tap in Game 2

Canadian men drawn with rival Americans in Group B at 2021 Gold Cup

Canadian men drawn with rival Americans in Group B at 2021 Gold Cup

Adesanya defends belt, Blachowicz wins title at UFC 253

Adesanya defends belt, Blachowicz wins title at UFC 253

Most Read