Transfer from Belgium to USA, euros to dollars

evy_blue
New Community Member

Hello!

 

My name is Evelyne and I am about to launch my online e-commerce. I live in The United States but my business will be in french and I will be selling mainly in Belgium, receiving orders in euros. I have a Belgium bank account in Euros and I have an American bank account in dollars. I would like to know how I could use paypal in the most efficient ways to get money from my customer's orders in euros transferred to my bank account in dollars. How could I use paypal to do so? What would be the cost of such transaction?

 

Thank you for your help!

Evelyne

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1 REPLY 1

Whac-A-Mole
Frequent Advisor
Frequent Advisor

@evy_blue wrote:

Hello!

 

My name is Evelyne and I am about to launch my online e-commerce. I live in The United States but my business will be in french and I will be selling mainly in Belgium, receiving orders in euros. I have a Belgium bank account in Euros and I have an American bank account in dollars. I would like to know how I could use paypal in the most efficient ways to get money from my customer's orders in euros transferred to my bank account in dollars. How could I use paypal to do so? What would be the cost of such transaction?

 

Thank you for your help!

Evelyne


lets see,you have a few things to consider-

first you are in USA,your Paypal account should be a US account,your local currency is US $,YO CANNot link a foreign bank account.

You can accept foreign currencies,if you say so in your profile,you have to name these currencies,and ask whether yo want to keep them as foreign currencies or ask Paypal to covert to US dollars,

if you keep them as foreign currency,say Euro,then you will have 2 balances in yoru Paypal account,one in euro and the other in USA,

currency conversion will cost you 3% 

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