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HowTO: Save some money when using Paypal

Discussion in 'Internet & WWW' started by cute.bandar, Mar 25, 2019.

  1. cute.bandar

    cute.bandar Active Member

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    When paying with paypal to some foreign merchant, choose the option to "pay in USD" and not the default option. Look for something like "View conversion option"

    Ex: Paid 10$ for hosting via paypal. Paypal Calculated amount to Rs . 712 . I chose the pay in USD option. Paid 10$ , which in the bank records show as Rs. 690 .

    Why this works ?
    Paypal is evil. They don't use the actual currency exchange rate. They use their own inflated rate. When choosing the pay in USD/EUR option, the bank does the currency conversion at actual rates..
     
    Last edited: Mar 27, 2019
    TheSloth likes this.
  2. whitestar_999

    whitestar_999 Super Moderator

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    Can you post a screenshot of this "change currency for payment option"? I never noticed this option when paying via a paypal issued receipt.
     
  3. OP
    OP
    cute.bandar

    cute.bandar Active Member

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    When paying with paypal on a site > login to paypal > "view conversion options"
    [​IMG]

    Next, choose the USD option. I have noticed paypal moved the option position in the past.
     
  4. whitestar_999

    whitestar_999 Super Moderator

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    So that's what this "view conversion options" link is for,I always thought it was some kind of calculator tool.:facepalm:
     

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