How to accept international business payments
How to hold payments in foreign currencies
Payments received in currencies other than U.S. dollars will be automatically converted to U.S. dollars. The amount is converted at the latest applicable conversion rate and is then credited to your PayPal Business account. International payments are charged a percentage of the transaction amount on top of the exchange rate.
Looking to receive payments made in currencies other than U.S. dollars and hold them in your PayPal Business account? With PayPal, you can hold balances in foreign currencies and arrange to convert them yourself.
Follow the steps below to use your PayPal Business Account to hold foreign currency payments using your desktop computer:
Log in to your PayPal account.
Find your name on the homepage and choose Account Settings from the drop-down menu.
In Account & Security, choose Payment preferences
In Block payments, choose Update
Go to Preferences for receiving payments, and select the third option: "Accept all payments without converting the currency, either adding to an existing balance or creating a new holding currency where needed"
Your changes will be saved automatically
Follow these steps to use your PayPal Business Account to hold foreign currency payments using your PayPal app:
Navigate to the Money screen
Next to "Currencies”, select “More Actions”
From the dropdown menu, select “Add a currency”
Choose the currency you’d like to hold from the list
Select the “Add a Currency” button to confirm
Your PayPal account can now receive and hold this currency.