| Jam918 | 06-24-2021 09:28 PM | Managed payment,what currency will be deposited If I sell things in the UK,the income is in pounds.
I added a Canadian bank account, the currency is Canadian dollars,what currency will be deposited in my bank account. |
Re: Managed payment,what currency will be deposited Canadian dollars will be deposited if the account accepts foreign transfer (there will be a conversion) |
sqrl57 | 07-05-2021 01:06 AM | Re: Managed payment,what currency will be deposited I only list on ebay.com which lists in USD, would you recommend opening up a bank account that accepts USD. Not sure how the conversion will be if I choose CAD as my payout compared with PayPal with the conversion and additional fees listing in USD. |
Re: Managed payment,what currency will be deposited Quote:
Originally Posted by Gill789
(Post 1161336)
I only list on ebay.com which lists in USD, would you recommend opening up a bank account that accepts USD. Not sure how the conversion will be if I choose CAD as my payout compared with PayPal with the conversion and additional fees listing in USD. | Personally, I prefer that none of the net platforms (pp, eb, az, etc) do the currency conversion since they are never know to give decent conversion rate - I'd keep the money in the original currency funds to deposit whenever possible |
agent006140 | 07-05-2021 07:38 AM | Re: Managed payment,what currency will be deposited Quote:
Originally Posted by rsot
(Post 1161356)
Personally, I prefer that none of the net platforms (pp, eb, az, etc) do the currency conversion since they are never know to give decent conversion rate - I'd keep the money in the original currency funds to deposit whenever possible | does he have a choice-keeping the original currency?
MP is not like Paypal,it does not hold on to your fund until you wish to transfer. |
sqrl57 | 07-06-2021 01:11 AM | Re: Managed payment,what currency will be deposited Quote:
Originally Posted by rsot
(Post 1161356)
Personally, I prefer that none of the net platforms (pp, eb, az, etc) do the currency conversion since they are never know to give decent conversion rate - I'd keep the money in the original currency funds to deposit whenever possible | How does the micro deposit option work with ebay? Is it similar to paypal where they deposit money into your account to confirm with the code. Also, do you need an existing balance in the account?
Thanks |
Re: Managed payment,what currency will be deposited Quote:
Originally Posted by Gill789
(Post 1161434)
How does the micro deposit option work with ebay? Is it similar to paypal where they deposit money into your account to confirm with the code. Also, do you need an existing balance in the account?
Thanks | Similar from what I have had happen - yes. While you would NOT NEED an existing balance, it looks better to the bank optics side rather than having a zero account |
agent006140 | 07-06-2021 07:09 AM | Re: Managed payment,what currency will be deposited Quote:
Originally Posted by Gill789
(Post 1161336)
I only list on ebay.com which lists in USD, would you recommend opening up a bank account that accepts USD. Not sure how the conversion will be if I choose CAD as my payout compared with PayPal with the conversion and additional fees listing in USD. | if you have a BANK account in US $,and MP can deposit the fund into that account,then you have no conversion fee.
Can you open a Canadian bank account in US$? | All times are GMT -5. The time now is 03:13 PM. | |
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