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How does PayPal withdrawal (currency conversion) work?

Discussion in 'PayPal' started by Skribblez, Apr 26, 2009.

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  1. #1
    Say I'm withdrawing US dollars into my Australian bank account. How do I know how much I will receive?

    Will the amount be based on the USD > AUD conversion at the EXACT time of withdrawal (through paypal's website) or will the amount be based on the conversation rate on the ACTUAL day I receive the funds in my account?
     
    Skribblez, Apr 26, 2009 IP
    deluxdon likes this.
  2. Hearthrobz

    Hearthrobz Well-Known Member

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    #2
    It's based on paypal's currency conversion i think.Its based on the current currency value in terms of $.subject to change
     
    Hearthrobz, Apr 26, 2009 IP
  3. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #3
    Its based on conversion at the exact time of your withdrawal.

    BTW at the time of withdrawal you can see exact amount in your currency in paypal and currency conversion rate too on withdrawal page.

    DON.
     
    deluxdon, Apr 26, 2009 IP
  4. RightMan

    RightMan Notable Member

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    #4
    There is a ready reference available on the withdrawal page in the form of 'currency conversion' where you are simply required to enter the amount in dollars that you need to withdraw and it would show you the exact amount that would be deposited in your bank account in your own currency!
    It would also show you, the current/real time conversion rate.

    Regards,

    RightMan
     
    RightMan, Apr 26, 2009 IP
  5. neverknow1

    neverknow1 Peon

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    #5
    When you do any withdrawal, they will tell you the exchange rate. Nobody will know the exact rate except them and it is changing every day.
     
    neverknow1, Apr 26, 2009 IP