New Preferences For Receiving Payments

[LouJFLFis]

We have a business account which the main currency is GBP. We also accept US Dollar and Euro payments. The new preferences for receiving payments we are unsure which preference to click. We want to have balances in USD and Euro along with GBP would the correct preference be "Accept all payments without converting the currency, either adding to an existing balance or creating a new holding currency where needed.

[PayPal_Bindu]

Hello @LouJFLFis 

Thank you for joining the PayPal Help Community!

I understand your concern about the new preferences for receiving payments through PayPal! PayPal has updated the Payment Receiving Preferences which allows the merchants to choose which currencies to accept and how those currencies are stored and managed. Money received that aren’t in their primary account currency automatically converted, saving merchants time. You can review the available options in the settings page by clicking the  payment preferences option. Feel free to reach PayPal Support team for any additional assistance. 
 

Have a great day!

Bindu