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  1. #1
    Join Date
    Nov 2007
    Posts
    35
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    Default problem accessing paypal funds

    hiya

    i wasn't sure where to post this .. i dont think paypal express or pro i dont think:

    i have an online store based in canada that accepts credit card payments via paypal. i have 2 bank accounts both located in canada; 1 USD account, and 1 CDN$ account.

    now recently ive been getting some orders from the USA, thus adding USD funds into my paypal account.

    however paypal is telling me that to transfer the USD funds to my canadian account (whether it is a USD or CDN$ account), i *HAVE* to convert the USD to CDN$. i will incur a 2.5% conversion charge if i do this. i already have the 2.9% for the original transaction, another 2.5% would be crazy.

    is there anyway to avoid this fee(or to minimize costs) and get the money into my accounts without opening an account in the USA?

  2. #2
    Join Date
    Jan 2004
    Posts
    66,443
    Plugin Contributions
    279

    Default Re: problem accessing paypal funds

    Sorry, no. Not if you're going to continue using PayPal.

    You could set up a US Bank account in the US, and then open a merchant account and gateway service so that you can have all your USD Credit Card transactions handled that way, and leave PayPal for CAD.

    Naturally, it gets complicated :)
    .

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