Withdraw money to USD account

[poroto20]

I have PayPal account in the UK, and I've added a USD (HSBC) account to my wallet. However; the system still thinks it is a GBP account and tries to apply a conversion. How can I fix this?

[kernowlass]

@poroto20 

Do you mean you have x2 accounts?

Only the account you are posting with is UK registered and so if you add USD it will convert to GBP?

[poroto20]

It is a USD account.

I'd like to transfer USD->USD without any conversion. 

However; Paypal thinks it is a GBP account so it applies the conversion.

[kernowlass]

@poroto20 

As I said the one you are posting with is a UK registered account as below.

Check the country left side of this link.

https://www.paypal-community.com/t5/user/viewprofilepage/user-id/14355131

So again is it another account you are talking about or this UK one?

[poroto20]

My Paypal account is from the UK, that's the one I am asking about.

I have money in both USD and GBP.

I've linked a bank account from HSBC UK which is in USD to my Paypal wallet. I am trying to transfer USD (Paypal) to USD (HSBC) without any conversion. 

[Windster]

Paypal wants you to convert to GBP and rip off a minimum of 3% conversion fee. I have been trying to solve this for years now. Whats interesting is Paypal Europe allows you to withdraw USD to an American account easily. It is only Paypal UK that thinks everyone is too dumm here and will pay conversions twice. I already paid Paypal 3%+ to process the payment, then need to pay another 3 percent to convert and 2-3 percent to convert back therefore increasing total transaction cost to 8-9 percent !!! Paypal is the most expensive processor at the moment out there ! Another option is to send USD to a business in the US and they can withdraw for free but .... they will charge them 3% for receiving money and a 2% cross border charge on top which totals 5%. IMHO total cost of doing business is still a minimum of 8 percent

[kernowlass]

@Windster 

Don't keep giving incorrect advice.

You can only withdraw to a U.S bank account if that bank account was opened in the U.S.

You can't withdraw to a digital / virtual bank account OR just a USD 'currency' account.

[Windster]

I am not giving incorrect advise. Actually I was given that "incorrect advice" by Paypal helpline on several occasions. If you do not believe me and work for Paypal, please listen to the conversations with customer service reps I had. I spent days and hours trying to withdraw USD funds only to be told it is not possible. I want to warn everybody against using Paypal to process USD, EUR payments if you are based in the UK. You will be paying the highest fees that exist in the world on such transactions. As a matter of fact I would be surprised if you find a payment processor who will charge you bigger fees. 

[poroto20]

I agree 100% with @Windster.

I've given up trying different things and talking to support. At the moment I am converting anyway, but I will try to avoid using PayPal and get paid on a modern digital bank instead.

[kernowlass]

@Windster 

Still wrong, you can withdraw USD to a U.S bank account opened in the U.S that is linked and confirmed to your UK paypal account.

You can't withdraw to a USD 'currency' account OR virtual/digital account like Payoneer or Wise.

If you don't believe me then check with the moderators on this forum that are senior to the 'call centre' agents in Paypal and who will confirm that is the correct advice.