Currency Conversion at Paypal

[Suniljoshi]

I have been using Paypal since long, almost from 5 years and i have seen that currency convesion from one currency to another currency at paypal is very poor. I really want to know whats the reason behind it. Because i am loosing too much money into it.

Thanks

[PayPalDesshinta]

Welcome to PayPal HeadStart Community!

PayPal’s exchange rates are the market rates set by our banking partners and are updated regularly. In addition to the exchange rate, PayPal also charges a 2.5% currency conversion fee to exchange funds from one currency to another.

PayPal works to be transparent about our fees. To find out what the exchange rate you will be charged by PayPal, log in to your PayPal account and go to the “My Account” tab. Then select “Overview”. In the top right-hand corner a link called “Currency Converter will calculate the current exchange rate.

I hope this helps clarify how currency conversion rates are calculated and applied. If you have further questions, please don't hesitate to post a question in the Community.

-Desshinta.

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[pangwatjanarat]

How to make currency exchange in paypal?

[PayPalDesshinta]

Hello  pangwatjanarat, 

Thank you for dropping by PayPal HeadStart Community, I moved your post here so the community could benefit from your question.

We receive a wholesale rate quote from our bank twice a day and add 2.5% to determine the retail foreign exchange rate to apply to transactions that involve a currency conversion.

If you are referring on how to convert your balance or to view the conversion rate within PayPal, please refer below for a quick guide;

• On the New PayPal website:
  • In the Currency Exchange section, enter your information and click Calculate.
  • Click PayPal balance and then Manage currencies. 
  • Log in to your PayPal account.

• On the Classic PayPal website:
  1. Log in to your PayPal account.
  2. Double Click Profile near the top of the page.
  3. Click My money.
  4. Beside PayPal balance go to more and select Currencies.
  5. Enter the amount you want to convert under Currency Exchange.
  6. Select the currency to convert the funds from.
  7. Select the currency to convert the funds to.
  8. Click Calculate to see the currency conversion.

I hope this helps! 

-Desshinta

If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution.

[pangwatjanarat]

Thank you.

Desshinta

[darklancer]

Hi, where can i find the conversion rate in the new paypal website?

[CyzarineRei]

Hi, thank you for the tips. But it seems that I cannot calculate it because my country is not in the list. Help, please..?

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@PayPalDesshinta wrote:

Hello  pangwatjanarat, 

Thank you for dropping by PayPal HeadStart Community, I moved your post here so the community could benefit from your question.

We receive a wholesale rate quote from our bank twice a day and add 2.5% to determine the retail foreign exchange rate to apply to transactions that involve a currency conversion.

If you are referring on how to convert your balance or to view the conversion rate within PayPal, please refer below for a quick guide;

• On the New PayPal website:
  • In the Currency Exchange section, enter your information and click Calculate.
  • Click PayPal balance and then Manage currencies. 
  • Log in to your PayPal account.

• On the Classic PayPal website:
  1. Log in to your PayPal account.
  2. Double Click Profile near the top of the page.
  3. Click My money.
  4. Beside PayPal balance go to more and select Currencies.
  5. Enter the amount you want to convert under Currency Exchange.
  6. Select the currency to convert the funds from.
  7. Select the currency to convert the funds to.
  8. Click Calculate to see the currency conversion.

I hope this helps! 

-Desshinta

If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution.

---

[Seed]

Where is it on 2017 web site?