Need Help in Paypal

India
June 22, 2010 1:33am CST
I have a Paypal US $ account . My question is that I need to get some money from my friend in France who is having his a/c in Euro . My doubt is that is it possible to transfer Euros to a US$ account and would it get automatically converted to US$ or do we need to request for it . could someone clearly explain the process involved ?? Just want to make sure as it is a reasonably huge amount.
3 responses
@mschawla (20)
• India
22 Jun 10
yes it can be transfered very easily to usd from euro in your paypal a/c
@dianmelydia (2269)
• Indonesia
22 Jun 10
I think normally such money transfer progress will automatically converting you money to the recipient's account currency unit. Such thing is normal on financial business. So although you send the money using USD currency to your friend in France who has account in Euro, it doesn't a matter for your friend to receive the money. The only one problem perhaps is the exchange rate which you probably will need to recalculate your transfer first before you send it to your friend. It depends on what kind of currency unit which you both agree to deal, is it US Dollar or Euro. If you both deal in US Dollar, than just make sure that your friend know if you send the correct amount in US Dollar to your friend. Or if you both deal in Euro, as the sender you need to match your US Dollar amount after converted into Euro with the correct amount which you both have deal before. I think that's all is common thing in international currency trading business. But also remember about the service fees which may apply for each transaction. Good luck for you. Have a nice day and happy mylotting.
@TeamCholent (2832)
• United States
22 Jun 10
It will be converted to dollars for you but you must keep in mind the fees and exchange rates for such a transaction and there are limits as to how much you can transfer.