Managed payment,what currency will be deposited

[Jam918]

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.

[rsot]

Canadian dollars will be deposited if the account accepts foreign transfer (there will be a conversion)

[sqrl57]

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.

[rsot]

Originally Posted by Gill789

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]

Originally Posted by rsot

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]

Originally Posted by rsot

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

[rsot]

Originally Posted by Gill789

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]

Originally Posted by Gill789

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 $,and MP can deposit the fund into that account,then you have no conversion fee.
Can you open a Canadian bank account in US$?