Managed payment,what currency will be deposited - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > International eBay & Paypal Discussions > Canada eBay Discussions

Canada eBay Discussions General discussions about eBay.ca Suspensions. This forum is mostly geared towards Canada eBay sellers.

Reply
 
Thread Tools
  #1  
Old 06-24-2021
Junior Member
 
Join Date: Jan 2017
Posts: 50
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 17%
Longevity: 32%
iTrader: (0)
Default 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.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 06-25-2021
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 67,275
Thanks: 5,276
Thanked 8,145 Times in 7,458 Posts
Activity: 100%
Longevity: 80%
iTrader: (7)
Default Re: Managed payment,what currency will be deposited

Canadian dollars will be deposited if the account accepts foreign transfer (there will be a conversion)
Reply With Quote
  #3  
Old 07-05-2021
Gill789's Avatar
Senior Member
 
Join Date: Jul 2020
Posts: 184
Thanks: 25
Thanked 2 Times in 2 Posts
Activity: 24%
Longevity: 8%
iTrader: (0)
Default 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.
Reply With Quote
  #4  
Old 07-05-2021
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 67,275
Thanks: 5,276
Thanked 8,145 Times in 7,458 Posts
Activity: 100%
Longevity: 80%
iTrader: (7)
Default Re: Managed payment,what currency will be deposited

Quote:
Originally Posted by Gill789 View Post
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
Reply With Quote
  #5  
Old 07-05-2021
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 9,553
Thanks: 1,299
Thanked 862 Times in 812 Posts
Activity: 55%
Longevity: 22%
iTrader: (0)
Default Re: Managed payment,what currency will be deposited

Quote:
Originally Posted by rsot View Post
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.
Reply With Quote
  #6  
Old 07-06-2021
Gill789's Avatar
Senior Member
 
Join Date: Jul 2020
Posts: 184
Thanks: 25
Thanked 2 Times in 2 Posts
Activity: 24%
Longevity: 8%
iTrader: (0)
Default Re: Managed payment,what currency will be deposited

Quote:
Originally Posted by rsot View Post
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
Reply With Quote
  #7  
Old 07-06-2021
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 67,275
Thanks: 5,276
Thanked 8,145 Times in 7,458 Posts
Activity: 100%
Longevity: 80%
iTrader: (7)
Default Re: Managed payment,what currency will be deposited

Quote:
Originally Posted by Gill789 View Post
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
Reply With Quote
  #8  
Old 07-06-2021
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 9,553
Thanks: 1,299
Thanked 862 Times in 812 Posts
Activity: 55%
Longevity: 22%
iTrader: (0)
Default Re: Managed payment,what currency will be deposited

Quote:
Originally Posted by Gill789 View Post
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 $,and MP can deposit the fund into that account,then you have no conversion fee.
Can you open a Canadian bank account in US$?
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Managed Payment walidnaggar eBay Discussion! 4 04-22-2021 04:20 AM
account suspend when i change payment/currency tal eBay Discussion! 16 11-11-2020 03:27 PM
New Managed Payment? Random0 UK eBay & Paypal 4 05-28-2020 04:39 PM
Paying fees - "Sorry, we only support USD,EUR currency for one time PayPal payment." muzzie eBay Discussion! 5 02-22-2017 02:52 AM


Aspkin Group

All times are GMT -5. The time now is 06:15 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58