Euros to US dollars on paypal
September 23, 2010 3:53pm CST
Hi if I get money sent to my account in the form of euros can I convert it to US dollars before I have it sent to my bank? If you do know how to can you please explain it to me. If not I think I can have it sent to make bank and converted for a fee but I would rather do it before I have it sent to my bank. If you can do it is there a fee on paypal?
11 Oct 10
When you receive a payment in another currency, you have the choice to open a line for this currency or it will be be converted to your currency by PayPal with a fixed 2.5% fee : it is very competitive and less than a bank. Personally I have Euro by default and another line in $. It can be interesting to keep your Euros in your balance, by example to buy in Europe on Ebay, with no fees or to wait a better $ rate to convert them. If you want to transfer your Euros to a bank account in US $, convert them before at PayPal, as your bank will probably take a lot more to convert them. I hope this help you.
30 Sep 10
When you receive the payment using Euro currency, like you have said.At the time you open your Paypal account to accept it, the Paypal will ask you whether you want to exchange it with your currency or not.If yes, they will do it for you. For the fee, I'm not sure yet.Cause for the small amount, they didn't charge.Didn't know for the bigger amount. Also, it depend on the type of your account on Paypal too.