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How to turn off PayPal currency conversion?
If a person sends money in dollars or euros, is it better to put the same dollars or euros as the main currency, or rubles? Since I heard that there is some kind of double conversion, I suspect that it will be if you put dollars as the main currency, then after sending dollars, they will first be converted into rubles, then again into dollars, if I'm wrong, please correct me.
1. Tell me what manipulations need to be done in order to lose the minimum amount of money on conversions, if money is sent in dollars or euros, but they are displayed on the card in rubles, since currency withdrawal is not available in Russian PayPal.
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The main currency in the Russian Federation is the ruble, if you want to receive money from abroad, do not use paypal.
Over the months of working with Paypal, I noticed the following features:
There are two types of conversion when receiving payments, and when withdrawing funds to a card.
Let's start with payments. Transfers from different countries and in different ways come to my account. Moreover, about 60% of transfers are not converted, most often when a transfer is from a US citizen. That is, on the balance sheet, I see only an increase in dollars, but no increase in rubles (in the second line). But at the same time, the remaining 40% of transfers are converted into rubles upon receipt to the account, and in these 40% there are also Americans. What determines whether the currency will be converted or not, I still do not understand.
And the second type of conversion is when you withdraw money to the current account of the card (I withdraw to Sberbank).
At this moment I have two balances: ruble (the currency was converted into rubles upon admission) and dollar (without conversion). So the rubles are withdrawn without commission. And dollars are converted into rubles at the current paypal rate, usually 3-4% less than the official rate of the Central Bank of the Russian Federation (purchase).
In general, the conversion is muddy). There was also a joke, a German sent me a transfer and I got a new currency - the euro. But after the German, another German sent, but his euros were converted into rubles. It seems to be two Germans, one and the same currency, only in one case there was a conversion and in the other not.
Same story. Previously, money came in the currency in which it was sent. And now they are converted into rubles. I just didn’t understand one thing, about double conversion. That is, if they send in dollars, and the account is in rubles, then the conversion takes place at the internal rate. And if I use the same dollars as the main currency, then the payment after converting into rubles is again converted into dollars? Did you understand correctly?
In 2020, I had a problem on ebay with something that was trying to write off rubles. Then I solved it by calling technical support and asking them to switch the bank card linked to PayPal to dollars.
In 2021, rubles climbed again. It turned out that for some reason my PayPal account was not verified. I solved the problem by uploading passport data (although I already verified and uploaded a year ago). The verification procedure lasts up to 30 days, I wrote to technical support (in the chat, it was not possible to get through), they carried out the verification procedure in an accelerated manner, within a day. After that, a choice of dollars-rubles appeared on ebay.
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