Transfer money between your currency balances to make payments in the currency you need.
This rate is an estimate based on the current rate and includes PayPal’s currency conversion spread.
For example, this comes up to a $5 fee for converting $1,000 dollars into another currency. On the other hand, Payoneer does charge a 0,5% conversion fee. In this way you live your life thinking there is no fee, while at the same time they charge you more for those conversions than any other payment processor or bank. But what they do is they give you a horrible currency conversion rate, which overshadows the fact that they don’t charge a fee. The trick that Paypal pulls on people is that they don’t charge a fee for currency conversions. In the articles above I also touched on the subject of currency conversion rates and fees, but that wasn’t the topic there.
#Paypal exchange rate how to#
I didn’t write an article where I show how to convert currency on Paypal, but I may at some point in the future. And I also wrote an article about how I did currency conversion on Paypal for many years, and I shared tons of screenshots in this article. But people are losing money over this, and people need to know the truth!Ī little while ago I wrote an article where I show how to do currency conversion on Payoneer. And that’s okay, I’m not hating on him for that. The guy didn’t do it out of malice, but out of ignorance. I found it amazing that somebody who uses both Paypal and Payoneer had this misconception, and I was a little angry that someone would put out false information like that. In the end I had to share screenshots to show the truth. I tried to convince them of the truth, but the person wouldn’t believe me. The reason I’m writing this article is because recently I was talking to someone on a forum, and they truly believed that Paypal has no currency conversion fee, and that Payoneer does. You may think that Paypal doesn’t have a fee on currency conversion, but that’s a dirty Paypal trick… In this article I will talk about Payoneer versus Paypal and their currency conversion fee.
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