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Adraco · 10-04-2012, 05:55 AM

And how come you didn't know this from before???

Paypal are pretty clear about they only let you withdraw in the currency of that country where your account is registered. And Paypal will never give you the market price of any currency exchange. First they will force you to use their currency exchange prices and then on top of that comes a fixed percentage "for their troubles".

Paxum has something similar,, not sure if they exchange it for you or if they send out USD and then you get hit with your own bank'¨s exchange fees, receiving fees and stuff.

Because of this, if you have earnings in USD, you want to have your expenses in USD too. And first pay off as many expenses as possible and first then withdraw the remaining profit.

It's very, very stupid to withdraw any income, pay currency exchange fees and then exchange them into USD again and pay yet again new currency exchange fees.

10-04-2012, 05:55 AM
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,734	And how come you didn't know this from before??? Paypal are pretty clear about they only let you withdraw in the currency of that country where your account is registered. And Paypal will never give you the market price of any currency exchange. First they will force you to use their currency exchange prices and then on top of that comes a fixed percentage "for their troubles". Paxum has something similar,, not sure if they exchange it for you or if they send out USD and then you get hit with your own bank'¨s exchange fees, receiving fees and stuff. Because of this, if you have earnings in USD, you want to have your expenses in USD too. And first pay off as many expenses as possible and first then withdraw the remaining profit. It's very, very stupid to withdraw any income, pay currency exchange fees and then exchange them into USD again and pay yet again new currency exchange fees. __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.