PayPal and Withdrawing currency.

[muzzie]

I have two CCs attached to my PP. When I try to withdraw to one of them - it allows to withdraw straight in GBPs. When I try to do the same with other CC - it forces currency conversion into Euros before withdrawing. How to remove that forced conversion?

[mayward]

Which country of your PP?

[Shekibi]

Depends in where your account is from, you could change it to any other currency but paypal has their own exchange rates, which aren't as great as the normal exchange rates.

[muzzie]

Country is LV.

[feadup]

depends on the card currency, example if you have entropay it will always be as Euros, To my country it will be USD, it depends on how paypal see the card currancy

[muzzie]

Originally Posted by feadup

depends on the card currency, example if you have entropay it will always be as Euros, To my country it will be USD, it depends on how paypal see the card currancy

Don't you know why it forces withdrawals in Euros to Entropay? It is because Entro would decline payments in other currencies?

[feadup]

because entropay default currency is Euro. Bank of Vallita

[muzzie]

Originally Posted by feadup

because entropay default currency is Euro. Bank of Vallita

Ok... it seems need to find another VCC. I sell mainly in GBP, and PP GBP -> EUR exchange rate is awful.

[G55AMG]

PM me please, I'll tel you the solution for this.

[eusebio]

I have the sam problem here. Did you find any solution?

[Play]

I 'think' your entropay default currency is set to euros, and for that reason it needs to feed the money to the card/bank in euros, otherwise you card/bank would end up doing it, and then you will get a surprise on your statement, so I assume thats why Paypal do it before hand (as well as making a quick buck from it).

[muzzie]

Originally Posted by Play

I 'think' your entropay default currency is set to euros, and for that reason it needs to feed the money to the card/bank in euros, otherwise you card/bank would end up doing it, and then you will get a surprise on your statement, so I assume thats why Paypal do it before hand (as well as making a quick buck from it).

The problem is, that it is not PP's business, what currency i have the VCC in, as bank can accept any currency and convert it into card's currency. But they are "user friendly" and force conversion from their side, which uses very retarded exchange rate. This is really annoying. I ended up using another card, that allows withdrawals in any currency.

[Play]

Originally Posted by muzzie

The problem is, that it is not PP's business, what currency i have the VCC in, as bank can accept any currency and convert it into card's currency. But they are "user friendly" and force conversion from their side, which uses very retarded exchange rate. This is really annoying. I ended up using another card, that allows withdrawals in any currency.

There are big bucks in currency conversion. You should know what Paypal are here for.

[rsot]

PP are known for HORRIBLE exchange rates....do your best to avoid PP as the currency exchanger...