User's Manual

Merchant User Manual and Integration Guide May, 2005 111
13
Using Multiple Currencies
PayPal’s Multiple Currencies feature gives you the ability to buy and sell globally. Use your
current PayPal account to make or accept payments in U.S. Dollars, Canadian Dollars, Euros,
Pounds Sterling, and Yen.
Buyers:
z Pay for purchases in your selected currency.
z Payment is automatically converted to your desired currency.
z No need to hold a balance in another currency to send a payment.
Sellers:
Accept payments directly in your selected currency.
z No currency exchange costs when you withdraw funds to your local bank account.
z Manage multiple currency payments using your current PayPal account.
z Hold one currency balance and still accept payments in multiple currencies.
Receiving Money
Receive payments in any of the currencies listed in Table 1.1, “PayPal-Supported Currencies,
Currency Codes, and Maximum Transation Amounts” on page 20.
Premier and Business account holders have additional flexibility for managing Multiple
Currencies payments.
Accepting Payments
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