I'm looking to changing my payouts from CAD to USD. I sell exclusively on Ebay.com and buyers pay in USD. However, payouts to my bank are sent as CAD after a foreign exchange conversion from USD. And of course Ebay skims some % on top as well as gives you the worse exchange rate.
I'd like to receive USD as a payout now to avoid this uncessary USD to CAD conversion. I have a USD account set up with a Canadian bank and I've tried to change my payouts on my Ebay payments setting to have money deposited to this USD account. However, no luck as the microdeposits aren't going through - likely due to Ebay sending CAD to a USD account.
Can anyone confirm this is still an issue with Ebay? I read once you choose a currency payout (USD or CAD) at registration you can't change it back. How STUPID. Surely a million dollar platform can find a solution to this. Community posts dating back to 2021/2022 also seem to suggest this.
