We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

PayPal payment with € credit card

I wonder, has anyone tried this before:

When sending a foreign currency amount, PayPal does the currency conversion, not the credit card provider.

If you send a € amount using a (foreign) € credit card from PayPal UK, does PayPal convert to £ and charge the £ amount to the card assuming it is a UK credit card?
If this was case the credit card provider would have to convert to € so that you would end up paying for two conversions.
Dagobert

Comments

  • dc
    dc Posts: 2,547 Forumite
    Simple method for US purchases, Amex pay Paypal ( being American) in dollars and Amex does the conversion.

    HTHs dc
    ac's lovechild
  • Dagobert
    Dagobert Posts: 1,625 Forumite
    PayPal offers two conversion options:
    • Use PayPal's conversion process to complete my transaction using my card's currency.
      Both the original transaction currency and the converted amount that I will be charged are disclosed for my convenience. I understand that MasterCard and Visa have a currency conversion process. I have chosen not to use the MasterCard and Visa currency conversion process, and I will have no recourse against MasterCard and Visa with respect to any matter related to this conversion.
    • Bill me in the currency listed on the seller's invoice.
      I will not know which foreign exchange rate has been applied to this transaction until I receive my card statement from my card issuer. I acknowledge that by choosing this option, my card issuer will determine the foreign exchange rate to apply to this transaction, and that I will not be informed of the foreign exchange rate or any additional foreign exchange fees applied until I am billed by my card issuer.

    Using option two in my scenario (pay € amount with € credit card through PayPal UK) would avoid the needless currency conversion.


    PayPal charge a 2.5% fee for their currency conversion. If using a UK credit card, it's worthwhile comparing PayPal's conversion fee to that of your credit card provider.
    Dagobert
  • Sorry for the unrelated question, but how does one get the Euro symbol without using Alt+0128? If it's possible at all, that is. I only ask because it annoys me, sitting there on my '4' key, and my stupid brain not knowing how to access it.

    Thanks, and sorry for distracting from your thread.
  • fubar_2
    fubar_2 Posts: 123 Forumite
    press your Alt Gr (right of space bar) + 4 gives you your €
    Be ALERT - The world needs more LERTS
  • Dagobert
    Dagobert Posts: 1,625 Forumite
    how does one get the Euro symbol without using Alt+0128?
    fubar wrote:
    press your Alt Gr (right of space bar) + 4 gives you your €
    Or Ctrl-Alt-4 and you can do it with one hand. ;)
    Dagobert
  • Dagobert wrote:
    Or Ctrl-Alt-4 and you can do it with one hand. ;)
    No way! I tried every combo of Ctrl, Alt & Shift + 4 at home and none of them worked. Works here though. € €. See?

    Cheers guys.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.7K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.