PAYPAL CONVERSION QUESTION

salvitas
Contributor
Contributor

HELLO I LIVE IN MEXICO BUT I HAVE MY PAYPAL ACCOUNT IN DOLLARS. I GOT A PAYMENT IN DOLLARS THAT I WANT MY BANK TO CONVERT INTO LOCAL CURRENCY BUT I  (NOT PAYPAL) SO I GET A NOTICE WHEN I GO TO TRANSFER FUNDS IN THE  TRANSFER WINDOW . SO FROM WHAT I UNDERSTAND IN THIS WINDOW PAYPAL WANTS TO DO THE CONVERSION INTO PESOS (AT A PRETTY BAD RATE ACTUALLY)  FOR THIS CASE BEFORE AND THEN SEND IT  AND ALSO CHARGE A FEE ON TOP OF THAT. 

 

CANT I JUST GET THE CONVERSION FROM MY BANK WITCH IS MUCH BETTER THAN PAYPALS ??? HELP PLEASE.. 

 

FROM
PayPal balance USD
TO
Banco Regional de Monterrey SAx-8308 MXN
AMOUNT$471.20 USD
CONVERTED AMOUNT$8,434.63 MXN
 

Processing time 4 - 6 business days

 

Exchange rate $ 1 USD = $17.90033025 MXN. This rate includes our currency conversion fee. PayPal engages a financial institution to perform the currency conversion; the exchange rate is determined by the financial institution.

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