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Help Center > Payments/Currencies > How do I send or receive payments in a foreign currency?

How do I send or receive payments in a foreign currency?

Here's how to receive payments in a foreign currency:

If you receive a payment in a foreign currency for which a balance is already opened, then this payment will be added to this balance. You can then use this balance to make payments in the same currency, or you can convert the money to your primary currency. If you decide to convert the money to your primary currency, this will be done using the current conversion rate.

If you receive a payment in a currency for which a balance is not yet opened, then you need to accept or deny the payment manually. In the column Transaction status there is an option to accept or deny the payment.

Accept:

• You accept the payment and convert it to your primary currency. The current conversion rate applies, or:
• You accept the payment and open a currency balance. The payment will be added to this balance. In this case no conversion rate applies. You can use this balance to make a payment in the same currency.

Deny:

• You do not accept the payment and this will be reimbursed to the sender. You can ask the sender to resend a payment in the correct currency.

You can open multiple currency balances by following these steps:

1.Log in to your PayPal account.
2.Click PayPal balance.
3.Click Manage currencies.
4.Select the currency you want to open and then click Add Currency.

Here's how to send payments in a foreign currency:

You can make payments in various currencies. Follow the steps below:

1.Log in to your PayPal account.
2.Click Send and Request Money.
3.Select an option, enter the requested information, and select the currency.
4.Check the information and the conversion rate and then click Send Money to complete the transaction.

 
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