How to avoid Paypal currecny conversion?

[abdulrj]

I have USD balance in my PayPal UK. I want to withdraw it to my card which has multiple currency accounts including a USD account. Paypal automatically converts it into British Pounds which I don't want as it has one of the worst conversion rates. How can I stop Paypal from doing that and rather withdraw money in USD to my card? 

[sharpiemarker]

@abdulrj 

Link a US bank account with a routing number or ask PayPal to set the card to USD currency (only one currency at a time) and you can only do USD transactions to this card or you’ll will have to keep asking PayPal to set the currency every time. I don’t even know if it will even work because the Withdraw money section of Adding or Withdrawing Money, says:

Fees apply to withdrawals. We will also disclose to you the fees in advance each time you initiate such a withdrawal.

The funding source (for example, bank account or card) into which you request the withdrawal must be denominated in the original opening currency of your account or another currency that PayPal supports for withdrawals in your country of residence.

You may only withdraw PayPal balance in the opening currency of your account, unless we agree otherwise. In order to withdraw PayPal balance held in another currency you will have to convert the currency to the opening currency of your account, or it will be converted for you at the time of your withdrawal. Our transaction exchange rate will be used.

This means that if you withdraw:

• A PayPal balance held in a currency other than the original opening currency of your account, the conversion into your original opening currency will be performed using our transaction exchange rate.
• To a funding source (for example, bank account or card) denominated in a currency other than the original opening currency of your account, the conversion into the currency in which the funding source is denominated will be performed using our transaction exchange rate.

Your issuer may also charge you if a currency conversion to the currency your card is issued in, is required.

If you have a business account, this transactions exchange rate will not apply. Instead, you will pay a currency conversion fee applied on an external base exchange rate as described on the Fees Page (see also the "How We Convert Currency" section).” but you can try it.

If you do link US Bank account, PayPal charges 3% to withdraw USD to US bank account.

The way to avoid conversion fees for sure is only accept payment in GBP currency.