foreign currency

dunk_6
New Community Member

Hello folks, 

 

I have few questions:

 

  1. Can people send money in our currency? Example people in CAN wanna send money in Malaysia Ringgit.
  2. If I received money in my own currency, is there any charges in transferring the money to my Bank account?
  3. If I received money in foreign currency, how the conversation happens and is there charges like admin fee when transfer to our Bank account?

Appreciate the help. 

 

Thank you. 

 

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@dunk_6 

 

1. Yes.

https://developer.paypal.com/docs/payouts/reference/country-and-currency-codes/

 

2. If you withdraw to a bank account then no but if you withdraw to a card then yes.

 

3. You would pay a fee as a seller to receive paypal payments. 

https://www.paypal.com/my/smarthelp/article/what-are-the-fees-for-paypal-accounts-faq690?app=searchA...

 

You could also convert the funds from any paypal supported currency to your own.

https://www.paypal.com/my/smarthelp/article/where-can-i-find-paypal's-currency-exchange-rates-faq197...

 

If you want to receive other currencies you would need to add them as a receiving currency to your paypal account.

 

 


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