Changing PayPal’s Default Currency Conversion Option

Changing PayPal’s Default Currency Conversion Option

posted in: Tips | 12

So you have a credit card that doesn’t charge conversion fees and you’ve added it to your Paypal account. That’s it right? You’re no longer being charged conversion fees when using PayPal! Not quite.

By default Paypal performs its own currency conversion and charges you up to 3.5% on top of the exchange rate. To change this option, log onto your Paypal account and follow the steps below:

1. Click “Profile” cog in the top right.

2. Click “Payments“.

3. Click “Preapproved Payments“.

4. Click “Set Available Funding Sources“.

Paypal Currency Conversion Option - Step 4

5. Click “Conversion Options” beside the credit card with no currency conversion fee.

Paypal Currency Conversion Option - Step 5

6. Select “Bill me in the currency listed on the seller’s invoice.” and click “Submit“.

Paypal Currency Conversion Option - Step 6

That’s it! No more currency conversion fees! Please leave a comment below if these steps are out of date.