Disable paypal currency conversion - where is it?

I recently purchased something with PayPal, changing the conversation was on the actual checkout page so you have to manually do it every time. Not sure if you can set it up automatically anymore.

Suckit wrote: »

Durty.. It didn't give me an option to choose currency.

I couldn't find anything similar to those settings, so I have emailed them and will wait to see what they say.

I had the same - didn't give me the option at all either and I cannot find it anywhere on the website, or in the app.

Ten Pin wrote: »

Log in to PayPal.

Open this link...

https://www.paypal.com/cgi-bin/webscr?cmd=_profile-merchant-pull-funding

Make the change, SUBMIT and check if it has been saved by going back in again.

Info from...
https://www.gamedealscanada.com/2018/06/27/changing-paypals-default-currency-conversion-option/

you are a gentleperson - thank you.

Just remember to hit submit then save - it doesn't apply the changes until you've saved it.

Suckit wrote: »

Thank you.
That had my head done in. I couldn't access the classic site anywhere and thought it was gone completely. That is very sneaky from paypal. Not that I am all that surprised, but it seems almost illegally sneaky.

No doubt there will be a few cards new or renewed in the coming months that will have the same issue.

I have to agree, it has to be illegal.

It did work for me, however now when I click on the link the original site is gone

Is there somewhere a compaint (other than paypal) can be made to, that has to be illegal

Suckit wrote: »

https://www.roman-reviews.com/how-disable-paypal-currency-conversion-save-money-fees/

Update, 2020-01: Paypal has removed the option to disable currency conversion. For a while, a direct link to the option still worked, even though the path to it had been removed. Now, even the direct link does not work anymore. There does not seem to be an alternative way of turning it off. Dick move, Paypal.

I have an ongoing dispute with PayPal on this. I added my Revolut card to my account in 2019 for some GBP payments but at the weekend I made a payment of EUR 28.50 to an ebay seller. No option for conversion on screen or what a likely conversion rate would be but I expected payment to go through in EUR and to hit my Revolut card as same.

However my Revolut card was debited GBP 25.02 (equates to EUR 29.82 using Revolut FX rate of 1.1918). PayPal used an FX rate of 1.13909 which hasn't existing since Oct 2019 for their GBP amount.

When I questioned their GBP charge and FX rate they're stating that my card is GBP denominated and that their FX rate involves a 2.5% spread. Their currency conversion calculator today gives a bid/ask spread of 5.938% which is robbery in terms of FX conversion. It was giving GBP 24.742 when buying EUR 28.50 or GBP 23.35 when selling EUR 28.50.

I did not authorise PayPal to debit GBP from my account, the transaction was for EUR and the ebay seller has confirmed they only received EUR 28.50 via a screenshot. PayPal have effectively stole EUR 1.32 or 4.63% of the value of the transaction from my account for which they have yet to answer for.

Luckily the transaction amount was small but it could have easily have been many multiple of that. The case continues but the situation is ridiculous as now if you want to make any cross currency purchases you'd have to have a payment card in that currency or else PayPal will charge you their extortionate FX rates.

Muahahaha wrote: »

So to clarify you can no longer pay in the currency you choose on Paypal? Balls to that if so, their conversion rates are a joke

It defaults to your currency at checkout but you can still change to local currency, though not easy to spot. The option to default to local currency has been removed.

Suckit wrote: »

Now it seems that Paypal are trying to force a mobile phone number association with the account when paying for something from some stores in the pop out window. They are citing EU law with it.
For anyone that doesn't want paypal to have your phone number, or for anyone that doesn't have a personal phone, I closed the window, and logged into paypal as normal then went back and made the order again and it went through.

Three sites tonight had it.
Maybe Paypal are preparing to join the likes of Ask Jeeves, Geocities etc.

To be fair to PayPal, 2FA is something I do not mind on my account, I'm sure it is optional?

Can't get the currency rate thing going mind you...

Would a solution be to have purchase amount in its original currency on Revolut?

Suckit wrote: »

That's what the problem was. Couldn't pay in original currency using revolut or N26 etc. It doesn't seem to be an issue anymore, for me anyway.

My understanding iss Revolut used to do the conversion automatically before and now Paypal took over the action?

Suckit wrote: »

No, it is a bit muddled the way the posts are now.
But.
Paypal used to always convert and charge you for the conversion (quite high). Then when Revolut, N26 and a few others came along, people were taking advantage of the 'let my card/bank do the conversion' or similar option that paypal had.
Then paypal hid it, and eventually removed it. So if your revolut card for example was being renewed you had to enter new card details and there was no longer an option to let your card/bank do the conversion.
But now it seems you can do it with each transaction if you didn't get to turn that feature on permanently before they removed the option.
I guess they are hoping some people forget to hit that button before they click pay now.

Is a possible solution then to use your virtual revolut card without paypal as a new card number is generated each time and should be safe?

Is it just me or has the currency conversion option returned?