Transfer US dollars from a paypal account in Europe avoiding convertion into euro

Vale_mari
Contributor
Contributor

Dear PayPal community,

I cannot send my USD from PayPal to my multi-currency bank account, because they are automatically converted into euros.

In this post, I read that changing some settings it could be done. In an online article from a blog I read the same thing.
Anyway, the customer service yesterday told me by phone that this is impossible, they said that if I am in Europe my USD we'll be always automatically converted into euros before I can send them anywhere. 
Is that true? Is there any way I can send my USD without having them automatically converted into euros?
Thank you, I'm really seeking for help.

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8 REPLIES 8

kernowlass
Esteemed Advisor
Esteemed Advisor

@Vale_mari 

 

Withdrawals to bank accounts are always in local currencies or the opening currency of the paypal account if that currency is not supported.


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Vale_mari
Contributor
Contributor

@kernowlass that would mean that if I send money (USD) to an international bank (I don't know if they have a local currency) that operates in USD (revault, just to be clear) which I settled on USD and I use it in USD, they should arrive in USD, right? But they don't, they're automatically converted in euros by Paypal. Is it normal? Is there a way to avoid that? Sorry if I'm still asking, but the situation is still not clear to me.
Thanks

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Vale_mari 

 

Are you talking about withdrawing funds to a bank account OR sending the funds to another paypal account?

Only I thought you were talking about the former?

If its the latter then funds in your balance have to be in the currency the recipient accepts.


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Vale_mari
Contributor
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@kernowlass 
I'm talking about sending USD from my paypal account to my bank account (Revault, a multicurrency account which I setted in USD) avoiding the automatic conversion in euros. If that's not possible I'm quite sure I'm gonna drop paypal
(I appreciate your voluntary help)

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Vale_mari 

 

You have to withdraw to bank accounts in local currency.

Also paypal does support any virtual / digital banks like Payoneer or Wise if Revolut is one of those? 


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Vale_mari
Contributor
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Is it local currency the one from where I'm living? Or is it the bank's one?
If you mean that I can only send money in the currency of where I'm living, it means that I cannot move USD from paypal to an USD bank account (Yes, Revault is like Wise, but bigger and more structured) without having them converted in euros.

 

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Vale_mari 

 

Local currency in your country is the euro.


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NAS27
Member
Member
Hello, Did you find any solution to avoid fees ? Thanks
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