Hey freinds paypal accept pounds also in pounds not in dollar???

India
December 10, 2009 8:52am CST
Hey freinds I have question actually I got few Uk sites where I can make pounds and those sites are paying via paypal but my problem is actually I am from India so in India 1 pounds has great value in the camparison of Us dollar in indian currency but 1 british pounds is equal to just 1.62.. something in Us dollar so it means I can get not that value of those pounds because first it will transfer in Us dollar in paypal and then into my currency so I have to get finally amount in Us dollar so means it is loss so I want that paypal accept in pounds and I can withdraw in pounds which can turn into my currency directly
2 responses
@Wordlinx (507)
• India
10 Dec 09
You need bother about the currency conversions. If the site is paying in pounds, then Paypal will convert into dollars at the exact rate at the time of receving payments. If your site send one pound to your paypal account, then your paypal account will be credited with $1.5(approximately, at present). Then you can transfer the fund to bank account in terms of Rupee..We will not loose anything. But there may be some fluctuations in the conversion rate from the time to time.What are the sites you are working with them which pays via Pound?
• India
10 Dec 09
I doubt that other than Paypal there would be any payment processor which can help Indians in this problem Liberty reserve has the facility of bidding currencies but the problem is that we would not be able to transfer money to Paypal from Liberty Reserve. It ought to be a crucial situation when you are earning pounds . Even when we transfer money to our bank account the current rate of Dollar to Rupee shown is considerably different from the actual.