Quick Paypal Question

United States
January 30, 2011 3:28pm CST
Hey, so here's the thing, I have a paypal account and I live in USA and if I sell and item on ebay to UK and the person pays my paypal account with euros, does paypal automatically convert euros to dollars? If not, is there an option to do so? How much does paypal charge to convert from Euros to Dollars??? Thank You
1 person likes this
6 responses
Downwindz
@Downwindz (2537)
• Netherlands
30 Jan 11
Actually I believe if your main currency is set to only accepting dollars, then paypal will convert the pounds or euros to dollars at the exchange rate they set. (usually a bad exchange rate because this is also a place PayPal earns money)
wwpauljd
@wwpauljd (51)
• United States
1 Feb 11
Yeah I agree, is it possible to set your account to accept more than one type of currency?
Downwindz
@Downwindz (2537)
• Netherlands
1 Feb 11
Yes it should be if i dont remember wrong, I have my account to accept EUR and USD.
dellmore
@dellmore (84)
• United States
30 Jan 11
I think they do and I don't believe theres a fee
wwpauljd
@wwpauljd (51)
• United States
1 Feb 11
That would be really nice if they didn't charge anything for the service but I highly doubt that.
ArsonCuff
@ArsonCuff (3114)
• United States
31 Jan 11
Yeah, Paypal just handles everything, but they will always do so to make their end the most profitable.
SunnyBuddy
@SunnyBuddy (443)
• India
30 Jan 11
Yes. Paypal does convert his paid amount into dollars and credits your account with the equivalent amount of dollars. But I dont think paypal charges up any rate for conversion.
Shar19
@Shar19 (8231)
• United States
30 Jan 11
That's a very good question. I would never even thought of that before until you mentioned it. I would think it would convert to dollars. I guess the value might change though.
wwpauljd
@wwpauljd (51)
• United States
1 Feb 11
Yep, I think that too. I was thinking of buying an item from Ebay but then I saw that they were asking me to pay in Euros, that's when I came up with this question.
zenki08
@zenki08 (700)
• Philippines
31 Jan 11
As I know it, paypal converts all currencies to dollars if your in the U.S. Like on my part I'm here in the Philippines and everytime I withdraw money from paypal I get it in peso. The conversion is based on the exchange rate is based on the value of the dollar versus the peso.