Quote from: Cylonphoto on August 07, 2015, 11:25

Do not convert at PayPal. Their rates are robbing you. What I did is opening an USD account in a bank in my country so I withdraw without converting. Now I'm keeping an eye on the USD/EURO rates (waiting for Greece to do something stupid again) and convert my $ when I'm satisfied.

Did i miss something? Are payouts to bank account possible?

Actually as I know they are possible only in the US. In other countries you don't withdraw to the bank account, you withdraw to your Visa/Mastercard card (2 euros fee for the transaction). For me it is the same (except for the 2 euros fee) because the my Visa is connected with a USD bank account.
So:
If you withdraw $500 to your card which is in USD currency, you will get $500 minus 2 euros. You can convert whenever you want.
If you withdraw $500 to your card which is in Euro currency, your bank will convert USD to Euro at the day they receive them. Not good because you don't know that is going to be the exchange rate (it takes some days to process the transaction from Paypal to your bank). And again - 2 euros fee always.
If you convert USD to EU at Paypal because you have a Euro card, you withdraw euros to an euro card. Seems the easyest way, but the exchange rates at Paypal are worse than at your bank. You lose the most in that case.
I recommend the first way.