Forget about PayPal or accept that it robs us !!!!!!!!!!!!!! In the background there are huge profits from currency convertion. Maybe a collective lawsuit for Finance Ombudsman could help. I have registered several bank accounts on PayPal UK. Among other things, I have registered an account with CITIBANK UK where I have an account in EUR being naive that I can use it paying for purchased items in EUR zone without convert currency GBP into EUR. Also in the case of a full refund, the entire amount in EUR may be transferred directly to my account in EUR to CITIBANK What a naivety on my part. I bought an item in Germany for 315 EUR. I paid from the account I have in EUR at Citi Bank UK. It turned out that the account was charged 337 EUR instead of 315. PayPal converted 315 EUR to GBP and reported a withdrawal of 315 EUR and Bank converted again GBP to EUR and issued EUR 337. End, no turning back. Yes, I have several times. Recently, the client has returned to me as a private transfer of 21 EUR PayPal Balance is set to EUR currency. 21 EUR got there, but every attempt to transfer to my bank account which is carried out in EUR causes conversion into GBP. I have suspended the transfer transaction and wrote a complaint. Here's the answer. PayPal writes straight All your accounts (no matter what currency) is dependent on PayPal account which is itself as GBP default. A good lawyer is needed. I know how important for you to transfer funds to your Euro bank account from your UK PayPal account. To begin with, please be advised that your account is under UK PayPal account, which means even your Primary currency on your account is already in Euro, still the PayPal account itself is on GBP default. The purpose of Adding a different currency on your account balance is for you not to have a currency conversion whenever you received the payment using different currency, say for example EURO currency. It is my pleasure explaining this matter for you.
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