How to change Currency conversion option

[Jithin_George]

Recent changes to Paypal checkout process have removed the option I used to get to select Who converts currency. I prefer my Bank convert currency but the option is removed altogether and paypal charges my card in my local currency.

I see that the option to select who converts doesnt appear at all now during payment. I want to know if there is a settings I could change or some other way to by default let my bank convert currency for me.

[Temp20230525Z]

just wow

no  option yet and no updates..how and why is this marked as "solved" ? 

[shubell]

Well very simple, ignore the problem as it is intentional, mark it as solved... that's it

[Reprobate]

Long time PayPal user, just signed up to community to add to this as I've been following the thread for a while now. 

I think this is a real shame for PayPal to remove currency conversion options, as I make a lot of payments other than my own currency.

I am now resorting to using my payment card directly instead of PayPal as I won't be charged the conversion rate, which is a shame as I used to use PayPal for everything, but now I can't afford to lose the rate on my big payments of thousands etc, the conversion on that is a big deal.

Hope that this feature is brought back, as I like to use PayPal for all my payments whenever it's possible.

[Unessential]

yeah this is **bleep**. my card that was set to automatically use the card for currency conversion expired so I had to replace it just to find that the option no longer exists. 

I too made a handful of accidental 4% exchanges when my card is a 0 exchange fee card

[Huh_wth888]

Nope. Not a chance. Musk owns Ebay which owns PayPal. It's not in PayPal's interest to bring this feature back.

What I also noticed is PayPal is going overdrive to deny many credit cards from being added to your profile.  I guess we still have Amazon.

[Huh_wth888]

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@Reprobate wrote:

Long time PayPal user, just signed up to community to add to this as I've been following the thread for a while now. 

I think this is a real shame for PayPal to remove currency conversion options, as I make a lot of payments other than my own currency.

I am now resorting to using my payment card directly instead of PayPal as I won't be charged the conversion rate, which is a shame as I used to use PayPal for everything, but now I can't afford to lose the rate on my big payments of thousands etc, the conversion on that is a big deal.

Hope that this feature is brought back, as I like to use PayPal for all my payments whenever it's possible.

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@Reprobate Not going to happen. How are you able to bypass PayPal though when buying on Ebay you have to use them even if you use  your credit card? 

[LufiG]

Why not just let you choose currency per Credit/Debit Card, like amazon?  I use PayPal for payments in companies in the US that do not allow foreign cards, and for recurring payments I do not have a chance to login to PayPal to correct the currency.  Just lost 10% on a double FX.

Will PayPal provide this simple service?

[Huh_wth888]

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@LufiG wrote:

Why not just let you choose currency per Credit/Debit Card, like amazon? 

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Because this is lost revenue for PayPal.

[Shrizt]

It's not revenue, it's stealing

[iuliuv]

Paypal have been thieves from the beginning with the currency conversion issue, charging 4-5% instead of the usual <2% charged by credit cards and now even worse by disabling access to the default conversion option. Unless forced by regulation or VISA/MASTERCARD they will not go back.  I avoid paypal unless I have to pay an even shoddier company! Shame!