Fees + general questions for receiving dollars into uk Paypal

[sunny_xo]

Hi all,

Recently I've become an ambassador of a brand and they are paying me in dollars. I have a UK standard Paypal account and just have a few questions;

1) Will there be any fees for receiving dollars into my UK Paypal? Do I need to setup anything to accept Dollars? If im understanding correctly this money will go into my wallet?

2) Is there somewhere I can see the fees to withdraw this into my UK Bank account as I understand there are hefty conversion fees

3) The money will be around $2000 a month, do i need to upgrade my PayPal account or do anything?

Thank you.

[kernowlass · Accepted solution]

@sunny_xo 

You will pay a fee to receive goods/services payments + any currency conversion fees.

https://www.paypal.com/uk/webapps/mpp/paypal-fees

Click on your wallet and add USD as a receiving currency if that is what you want to accept OR tell the seller to send in GBP.

Or you can go to your seller tools and select the auto convert option.

A business account is required if you are a registered business / paypal requires you to upgrade.

https://statrys.com/blog/paypal-business-vs-personal#:~:text=What%20is%20the%20difference%20between,....