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Paypal, euro's/dollars

Discussion in 'Business & Tax Advice' started by 5713, Apr 3, 2017.

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  1. 5713

    5713 Registered Member

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    hi guys.

    I am from europe so everything here is euro based. I want to mainly target the us but I will get traffic from europe aswell. With paypal however the problem is that if you have one currency set, it will automaticly confert to yours. Also if I have to send out payments to American companies or freelancers there will be a problem aswell because it wil confert aswell.

    Do you have any suggestions how I can do this as best?
     
  2. waqas_ibrahim

    waqas_ibrahim Regular Member

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    You can have multiple currencies in PayPal. I think there is an option in settings where you can choose to keep the amount in same currency that you receive. So if you receive in USD, PayPal will not convert it.
     
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  3. ThefrostIntel

    ThefrostIntel BANNED BANNED

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    well, you just ask your freelancers then that you will pay in your currency base on current forex rate.
     
  4. Sephrata

    Sephrata Senior Member

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    You can set up multiple currencies within the same account in Paypal. When you receive money, it automatically goes into the same currency account. If you don't have that specific currency set up, it will be converted into your default account.

    I am pretty sure all new accounts have a USD account set up automatically.
     
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