1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

How to change currency without lose money ?

Discussion in 'PayPal' started by n0br4n, Sep 15, 2018.

  1. #1
    Hello ,
    I'm using Paypal with GBP currency since my bank account has GBP currency only. But i receive payments from peoples and companies as USD. I lose money when i want to withdraw money everytime cos I have to change USD to GBP for withdraw that money to my bank account.
    I just looking a way to withdraw my paypal balance without lose any money cos of converting currency.
     
    n0br4n, Sep 15, 2018 IP
  2. mmerlinn

    mmerlinn Prominent Member

    Messages:
    3,197
    Likes Received:
    818
    Best Answers:
    7
    Trophy Points:
    320
    #2
    You are not likely to find anyone who will work for free. Bottom line is that SOMEONE must feed the currency exchangers' kids, and that will ALWAYS be YOU.
     
    mmerlinn, Sep 15, 2018 IP
    sarahk likes this.
  3. n0br4n

    n0br4n Active Member

    Messages:
    4
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    66
    #3
    Well , looks as you're the negative guy here.
     
    n0br4n, Sep 16, 2018 IP
  4. mmerlinn

    mmerlinn Prominent Member

    Messages:
    3,197
    Likes Received:
    818
    Best Answers:
    7
    Trophy Points:
    320
    #4
    Better to be negatively correct than positively wrong.
     
    mmerlinn, Sep 17, 2018 IP
  5. dcristo

    dcristo Illustrious Member

    Messages:
    19,776
    Likes Received:
    1,199
    Best Answers:
    7
    Trophy Points:
    470
    Articles:
    7
    #5
    And you're the naive guy that thinks there is such thing as a free lunch haha
     
    dcristo, Sep 17, 2018 IP
    mmerlinn likes this.
  6. n0br4n

    n0br4n Active Member

    Messages:
    4
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    66
    #6
    I just don't like pay fees :D
     
    n0br4n, Sep 18, 2018 IP
  7. dcristo

    dcristo Illustrious Member

    Messages:
    19,776
    Likes Received:
    1,199
    Best Answers:
    7
    Trophy Points:
    470
    Articles:
    7
    #7
    There is always the middleman who is collecting :)
     
    dcristo, Sep 18, 2018 IP
  8. mmerlinn

    mmerlinn Prominent Member

    Messages:
    3,197
    Likes Received:
    818
    Best Answers:
    7
    Trophy Points:
    320
    #8
    So, that means that you do not charge fees. Correct? And you work for your boss without getting paid, too. Correct?
     
    mmerlinn, Sep 18, 2018 IP
  9. phptechie

    phptechie Well-Known Member

    Messages:
    885
    Likes Received:
    10
    Best Answers:
    2
    Trophy Points:
    165
    #9
    @n0br4n
    I too have been using Paypal since 2006 & have paid lot as fees as currency conversion charges.
    When you receive payments , you lose 5% as paypal fee & when you convert it to other currency , then you lost currency conversion charges as well (which is roughly about 2 - 2.5%) , I don't see any way to reduce this.
    I use Paypal for smaller payments which is less than $500 , so I lose little.
    For bigger projects , I request the client to send WIRE TRANSFER directly to bank which works out very cheap , as the charges for the transaction will be around $20 - $50 depending on the amount you transfer.
    So request your clients to send funds to your bank a/c directly.
    If you find an alternate method to reduce fees in Paypal , feel free to share it with me too.
    Hope this helps.
     
    phptechie, Sep 23, 2018 IP
  10. Mehta

    Mehta Active Member

    Messages:
    53
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    70
    #10
    Irrespective of whether you use PayPal's own currency conversion or that of your card issuer, some sort of fee will always apply. Refer this (for PayPal India) https://www.paypal.com/in/webapps/mpp/ua/useragreement-full#exhibit_A
     
    Mehta, Oct 11, 2018 IP
  11. maximus S

    maximus S Active Member

    Messages:
    8
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    73
    #11
    You can withdraw money in a specific currency, for instance in USD, if you have a bank account in a country associated with the currency, in case of USD it is the USA. Check out Revolut.com which allows withdrawing money without fees
     
    maximus S, Feb 25, 2019 IP