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Paypal Pay and get Paid in PESOS

January 24th, 2010 | No Comments | Posted in PinoyDeal, Tips

PayPal lets you choose what currencies to accept and how you would like to accept them. When a buyer sends a payment in a currency you hold, the funds will automatically appear in your account in the balance of the given currency. When a buyer sends a payment in a currency you do not hold, you will be asked to Accept or Deny the payment as shown below:

  • Accept the payment and open a new currency balance
  • Accept the payment and convert it to your primary currency
  • Block the payment

You may also set up your Payment Receiving Preferences to indicate how you would like to handle incoming currency payments.

Receiving fees will be assessed in the currency in which the funds were sent. Payments converted to your primary currency will be converted at a competitive exchange rate. Learn more

To learn more about receiving money in Multiple Currencies, see the Multiple Currencies FAQ’s in our Help Center.

If you use Instant Payment Notification (IPN), the IPN page has been updated with information about the new Multiple Currencies variables.

To manage your currency balances, please go to the Currency Balances section of your Profile, where you can:

  • Select your primary currency
  • Open or close a currency balance
  • Transfer funds between currency balances

Funds transferred from one currency balance to another will be transferred at a competitive exchange rate. To learn more about managing currency balances, see the Multiple Currencies FAQ’s in our Help Center.

Use your current PayPal account to receive payments in:

  • Canadian Dollars
  • Euros
  • British Pounds
  • U.S. Dollars
  • Yen
  • Australian Dollars
  • New Zealand Dollars
  • Swiss Francs
  • Hong Kong Dollars
  • Singapore Dollars
  • Swedish Kroner
  • Danish Kroner
  • Polish Zloty
  • Norwegian Kroner
  • Hungarian Forints
  • Czech Koruny
  • Israeli Shekels
  • Mexican Pesos
  • Brazilian Real (only for Brazilian users)
  • Malaysian Ringgits (only for Malaysian users)
  • Philippine Pesos
  • Taiwan New Dollars
  • Thai Baht

Premier and Business account holders have additional flexibility for managing Multiple Currencies payments.

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