Avoid PayPal's Exorbitant Currency Exchange Rate

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LordFerret
Newbie
Posts: 10
Joined: Thu Sep 02, 2021 11:15 pm

Avoid PayPal's Exorbitant Currency Exchange Rate

Post by LordFerret »

I receive some Paypal payments in USD. I used to be able to transfer USD to an FX payment provider in USD for a keener exchange rate until Paypal put an end to it. Presently Paypal is doing the exchange into Yen when I withdraw the funds into a Japanese bank. Does anyone have the same issue and know a way around this?
captainspoke
Sensei
Posts: 1573
Joined: Tue Aug 15, 2017 9:44 am

Re: Avoid PayPal's Exorbitant Currency Exchange Rate

Post by captainspoke »

So as to stay in dollars, move the funds to/thru a US acct instead of to here?
TJKansai
Veteran
Posts: 551
Joined: Tue Mar 30, 2021 1:38 am

Re: Avoid PayPal's Exorbitant Currency Exchange Rate

Post by TJKansai »

I have two Paypal accounts, one ¥ and one $.

Speaking of which, I just got a use by 12/31 $10 offer from Paypal which looked like a scam, but turns out to be legit. Guess I should buy someone a present stateside.
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