Paypal currency funds • Collecting General • The Acaeum

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Paypal currency funds
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aia
Long-Winded Collector
Valuation Board

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Location: Italy

Posted: Sat Sep 30, 2006 7:32 am

ciao folks! a question on paypal and it currency funds: how can i pay an USD invoice using and EUR denominated fund i have on my paypal account?
afaik there's no automatic fx translation and i was not able, for instance, to pay an ebay invoice in USD with my EUR!
tnx a lot in advance and ciaooo

killjoy32
Grandstanding Collector

Posts: 8241
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Last Visit: Jul 06, 2023
Location: Wallasey, Merseyside, UK

Posted: Sat Sep 30, 2006 8:00 am

aia wrote:ciao folks! a question on paypal and it currency funds: how can i pay an USD invoice using and EUR denominated fund i have on my paypal account?
afaik there's no automatic fx translation and i was not able, for instance, to pay an ebay invoice in USD with my EUR!
tnx a lot in advance and ciaooo

doesnt paypal just automatically convert it anyway?

i pay USD ones all the time off my £ credit card.

mind you, if you place funds on your paypal account, you can convert them to another currency on there.

Alan

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beasterbrook
Sage Collector
Acaeum Donor

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Location: Queensland, Australia

Posted: Sat Sep 30, 2006 8:35 am

It should conrevt it automatically for you, you should be aware that you have two options for currency conversion mornally.

1) You can elect to allow paypal to convert your payments fro one currency to another
2) You can elect your credircard company to allow you converst your payments

I have chosen #2 as I though the convirsions from paypal were a bit off (ie they were making even more $$ out of me) The benefit for the dirst one is you know exactly what it is goinf to cost you, the second you have to wait until you get your credit card statment (or when its posted to your satment if you have internet banking with your credit card)

Brette:)

sleepyCO
Prolific Collector

Posts: 339
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Location: 8000 feet below the summit of Pikes Peak, Colorado

Posted: Sat Sep 30, 2006 12:44 pm

I know it works the other way; I have paid in UK pounds, CAN $ and AUS $ through PayPal (and the U.S. ebay automatically lists the U.S.$ price below the price in the native currency, as an approximation). I can't remember if the conversion is automatic to start with or if it is a function that you have to activate yourself.

Beasterbrook is definitely right, too.

aia
Long-Winded Collector
Valuation Board

Posts: 3352
Joined: Nov 23, 2005
Last Visit: Sep 29, 2023
Location: Italy

Posted: Sun Oct 01, 2006 1:10 am

ok, tnx a lot! even though its not yet clear to me... as i understood there should be a page on my paypal account that is used for this kind of financial settings... at the moment i wasnt able to find it...

moreover, it doesnt work as you told me: if i buy an USD item and on my paypal account there is only an EUR fund, going with the automatic procedure, i'll be asked by paypal to use my credit card instead of the money in my fund, without any option for choosing wheter i prefer this or that... do you catch the point?

for the time being ill try to settle my profile using the info you told me but i'm not sure to be able... :oops:

killjoy32
Grandstanding Collector

Posts: 8241
Joined: Jan 21, 2005
Last Visit: Jul 06, 2023
Location: Wallasey, Merseyside, UK

Posted: Sun Oct 01, 2006 4:18 am

aia wrote:ok, tnx a lot! even though its not yet clear to me... as i understood there should be a page on my paypal account that is used for this kind of financial settings... at the moment i wasnt able to find it...

moreover, it doesnt work as you told me: if i buy an USD item and on my paypal account there is only an EUR fund, going with the automatic procedure, i'll be asked by paypal to use my credit card instead of the money in my fund, without any option for choosing wheter i prefer this or that... do you catch the point?

for the time being ill try to settle my profile using the info you told me but i'm not sure to be able...

axel. if you have funds on your paypal, you can use the currency converter on there, to change the funds into something else.

i did that yesterday.

Al

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