Receiving payments - possible to have my bank do the conversion instead of Paypal?

[Apoorva23]

Hi,

My primary currency for receiving payments is USD, while my linked bank account holds INR. I receive payments in different currencies like Euro, GBP etc, which Paypal converts to INR and transfers to my bank account.

It is possible to have Paypal transfer the foreign currency as it is to my bank account and let my bank do the conversion to INR? Just like the option we get while making payments in foreign currencies? 

Thanks

A

[kernowlass]

@Apoorva23 

Unfortunately not, withdrawals to bank accounts are always in the local currency.

[Pat_Kelly]

Paypal **bleep** all customers by forcing Currency Exchangees!

For example, I am domiciled in the Republic of Ireland (ROI) so I am in the Euro Zone.

I export product around the world, so I operate Euro, USD & British Pound (GBP) balances with Paypal.

> I wish to Transfer British Pounds (GBP) from my Paypal GBP account, to a GBP account in the Republic of Ireland.

> I DO NOT require any currency exchange. .... simply to transfer funds from my GBP Paypal account - to my GBP Bank account in the ROI.

However, Paypal will NOT ALLOW this to happen.  They ENFORCE a Currency Exchange to EURO as the ROI is in the Eurozone!

It is complete nonsense.  Clearly it is just a policy decision to **bleep** people over on exchange rates which Paypal control.  

It is not a mechanical issue as it is a simple process to transfer funds internationally in any chosen currency....we can do it every day using our simple online banking apps. 

Even a child can send GBP via their Revolut app to someone half way around the world, and that person can receive it in GBP!

Yet Paypal MUST convert to the local currency!!  Bullsh#t  It's just a money making racket.

It's Policy - not a mechanical/IT issue. 

Complete nonsense.