Paypal and US funds | Buying

reallynicestamps · 2023-07-11T19:17:01.990000Z

Got this email today. Sellers cannot directly accept Paypal, but buyers can still use it.This is another situation.Starting soon, all of your transactions will be automatically converted into USDHere's what you need to know and how to make a changeWe are making changes to our Payment Receiving Preference options that apply when you receive a transaction that is not in USD. To make managing your account easier, if you receive transactions in another currency, starting on September 11, 2023, these transactions will be automatically converted into USD using PayPal's currency conversion rate. If you would like to change this preference so these transactions are not automatically converted into USD, please update your preference before September 11, 2023.To review your options and to make a change, simply follow the instructions below:Log in to your PayPal account. Go to your name on the home page, and choose Account Settings from the drop-down menu. In Account & Security, choose Payment preferences. In Block payments, choose Update. Review updated preferences and edit if required. We'll automatically save your new preferences.If you do not make a change to your preference by September 11, 2023, all future transactions will be automatically converted into USD, starting September 11, 2023.And of course, if you hold balances in multiple currencies in your PayPal account, you can convert these to your primary account currency or any other holding currency at any time on the Money page in your PayPal account.

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