two currencies one PayPal account

Discussion in 'PayPal' started by Chancey, Jun 21, 2008.

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  1. #1
    Does PayPal allow two currencies on one account?

    I already have an account with them that is accepting US$ but I want to accept payment from sites that are paying pounds.:)
     
    Chancey, Jun 21, 2008 IP
  2. scifiguy_rc

    scifiguy_rc Active Member

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    #2
    probably u can aaccept the payments but i think paypal will convert it.
    i recently bought skype credit in pounds but my account is in USD
     
    scifiguy_rc, Jun 21, 2008 IP
  3. MayurGondaliya

    MayurGondaliya Well-Known Member

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    #3
    You can use the PayPal account with multiple currencies. By default, there is US $. Hence, if you receive money in pound or Euro or other currencies then they will be converted to US $. However, if you do not want to convert those payments then you need to open currencies in the paypal account. Go to Profile => Currency Balances => Select a New currency from the drop down list and then Add Currency.
     
    MayurGondaliya, Jun 21, 2008 IP
    mrinal, farrhad and Chancey like this.
  4. teapoint

    teapoint Peon

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    #4
    Currency management in PayPal is straightforward and simple, they do allow multiple currencies and you can exchange all to one currency when you need to. However, don't expect the best rates when converting currency.
     
    teapoint, Jun 21, 2008 IP
  5. zexy

    zexy Guest

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    #5
    Sure PayPal allow two (or more) currencies. I use US dollars and euro :)
    You should specify a default currency (US dollars for example) and you're OK.
     
    zexy, Jun 21, 2008 IP
  6. Chios

    Chios Well-Known Member

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    #6
    You can accept any currency (that paypal allows)

    When I receive money its not converted to my default currency

    Thus currently I have two balances Euro and Dollars

    and if I have to pay lets say in Euro it first deducts from the Euro Balance
    and if this runs out it get money from the US balance ...
     
    Chios, Jun 21, 2008 IP
  7. slogold

    slogold Peon

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    #7
    we use paypal and have on the account Euros and USD
     
    slogold, Jun 22, 2008 IP
  8. Chancey

    Chancey Well-Known Member

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    #8
    reps for you!
     
    Chancey, Jun 22, 2008 IP
  9. mrinal

    mrinal Peon

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    #9
    That too cleared my doubts i would have otherwise created a new thread but INR is not supported here....reps 4 u
     
    mrinal, Jun 23, 2008 IP
  10. M3rC

    M3rC Peon

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    #10
    absouletely nothing :)
    I got three currencies on my PayPal
    and they get listed one after the other and at the bottom is a "Total amount" that converts to your domestic currency and shows a total according to the standard exchange rate.
     
    M3rC, Jun 23, 2008 IP
  11. shyamsundar

    shyamsundar Active Member

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    #11
    guys give a look into paypal,,it can deal with many currencies,,US dollar,Canadian Dollar,Australian Dollars etc..etc..infact they will convert those money what you get into US Dollars finally.
     
    shyamsundar, Jun 23, 2008 IP
  12. Unkn0wnPlayer

    Unkn0wnPlayer Active Member

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    #12
    To all in E-Commerce who are reading this - make sure that your shopping cart offers Paypal w/ Multiple Currencies. This can increase International conversion rates.
     
    Unkn0wnPlayer, Sep 10, 2008 IP