Author Topic: Paypal new currency conversion (Read 4529 times)

Yay Images Billionaire · « **on:** October 31, 2023, 01:11 »

Paypal has new currency conversion choices. One choice is to automatically convert money to your local currency. This is the most expensive option (It looks like a much higher conversion percent). So of course PP is making this the default option after the change. I suggest people go check and if they want to be like it was choose the third option there.

LizC · « **Reply #1 on:** October 31, 2023, 14:04 »

Where are you seeing this? As far as I know it was always set by default to the currency of your country. When I signed up with paypal years ago my first payment in USD was converted into CAD, I had to manually change my primary currency to USD to stop the auto conversion of USD deposits. I just now logged in to see if anything changed but my primary currency is still in USD although I'm in Canada.

Yay Images Billionaire · « **Reply #2 on:** October 31, 2023, 21:11 »

I logged in to check what was happening because I noticed all my payments were being converted to local currency. Under Notifications I saw this message:

Changes to your account
From September 11, 2023, updated Payment Receiving Preferences may impact the currencies that you can receive payments in.
Please review your preference to continue with normal operation of your account.

So, it looks like after the Payment Receiving Preferences was updated, the settings were reset to default.

Her Ugliness · « **Reply #3 on:** November 01, 2023, 02:46 »

Quote from: LizC on October 31, 2023, 14:04

Where are you seeing this? As far as I know it was always set by default to the currency of your country. When I signed up with paypal years ago my first payment in USD was converted into CAD, I had to manually change my primary currency to USD to stop the auto conversion of USD deposits. I just now logged in to see if anything changed but my primary currency is still in USD although I'm in Canada.

For me there was a notification icon on the right and when I clicked on it I was sent to the info page about the changes and there were the different options to select. However, for me, unlike for wheeeeee, the third option was pre-set on default, so nothing really changed for me.