withdraw balance as dollar to Philippines dollar account
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Will PayPal use its conversation rate when I withdraw my funds as dollars and not PHP? For example. right now PayPal conversion rate is 56 PHP for 1 dollar, so PayPal converts that first into pesos then converts back again to USD right? or
I will get the amount as it is when I withdraw it to a USD account from the Philippines.
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Hello @aaaavvv
I understand you would like to know more information about the conversion charges on your account. To keep you informed, as you have mentioned the money received in any different currency will contain a conversion fee. You can know more information about the charges on this link here I hope you find this information helpful. -Kamal
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Hello @aaaavvv,
Welcome to the PayPal Community! I can certainly understand how receiving a currency conversion charge can be a bit concerning. Normally, transfers completed to a bank are completed in the local currency. So if you are transferring USD funds to a bank, and your PayPal account is registered in the Philippines, it would transfer in PHP.
My apologies for any inconvenience this may cause,
- Jon K
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