To pay in foreign currency on PayPal, you can follow these steps:
- Log in to Your PayPal Account:
- Go to the official PayPal website and log in to your account.
- Navigate to the “Send & Request” Section:
- Once logged in, find the “Send & Request” tab. This may be located on the top menu or in the main dashboard.
- Choose “Send Money to Friends and Family” or “Pay for Goods or Services”:
- Depending on your transaction, select either “Send Money to Friends and Family” or “Pay for Goods or Services.” The former is typically used for personal transactions, while the latter is used for business-related transactions.
- Enter Recipient’s Email or Mobile Number:
- Enter the recipient’s email address or mobile number associated with their PayPal account.
- Enter the Amount and Select the Currency:
- Enter the amount you wish to send and select the currency from the drop-down menu. Make sure to choose the foreign currency you want to use for the transaction.
- Choose the Payment Method:
- Select the payment method you want to use for the transaction. This can be linked bank accounts, credit/debit cards, or your PayPal balance.
- Review and Confirm:
- Review the transaction details, including the amount, currency, and payment method. Make sure everything is correct.
- Complete the Transaction:
- Click on the “Send” or “Continue” button to complete the transaction.
- Currency Conversion:
- If your PayPal balance is not in the currency you’re sending, PayPal will likely convert the amount to the recipient’s currency. PayPal will display the exchange rate and any fees associated with the currency conversion before you confirm the payment.
- Check Email for Confirmation:
- Once the transaction is complete, you and the recipient will receive email notifications confirming the payment.
Keep in mind that fees may apply for currency conversion and international transactions. PayPal will provide details on any fees before you confirm the payment.
Additionally, note that PayPal’s interface and features may change over time, so it’s always a good idea to refer to the latest information on the PayPal website or contact PayPal customer support if you have specific questions about your transaction.