What is a presentment currency?
It is the currency your customer sees when making a purchase on your website. To learn more about presentment currencies, visit the Business Resource Center.
What are the benefits of presenting prices in other currencies?
Presenting prices in your buyer’s local currency may help you expand your market reach and improve your customer’s experience by removing any confusion related to foreign exchange rates applied. Customers view prices and complete transactions in their local currency, helping to reduce cart abandonment, drive conversion, and potentially reduce chargeback-related costs.
What currencies can I accept payments in?
To view which currencies PayPal processes transactions in, refer to PayPal currencies or advanced credit and debit card payment currencies.
How are payment processing and settlement impacted?
Transactions will be processed in the currencies you present, and funds will settle into account balances based on your payment-receiving preference.
To review and update your payment receiving preference settings in your PayPal business account:
- Go to your name on the home page and choose Account Settings from the drop-down menu.
- In “Account & Security”, choose Payment Preferences.
- In "Block payments", choose Update.
- Go to Preferences for Receiving Payments and review the default setting and change, as necessary.
Are there additional fees or costs to accept different currencies?
Yes, there are additional fees for receiving international transactions and those involving a currency conversion.
How do I start accepting payments in other currencies?
You are already set up to accept payments in different currencies for PayPal transactions if you have a PayPal business account.
To accept payments in different currencies for advanced credit and debit card payments, you must be on the Advanced Checkout integration.
Can I accept different currencies if I’m on an IC++ pricing model?
Yes, if you’re on an IC++ pricing model on the Advanced Checkout integration, you can accept payments in different currencies.