Currency conversion with the new checkout layout
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on 04-13-2016 09:48 AM
As for the new layout on the checkout page, I can't seem to locate the place where I can select to have the currency converted from my local coin to US $. Before, I used to login into my paypal account at checkout and then I was able to select the whether or not I wanted to use Paypal' conversion rate or to pay direclty in US $ with my crecit card. I never went for Paypal's conversion cause of its higher rates, but now this is frustrating. I have gone thru two purchases already only because I have no other option.
Any help is highly appreciated, thanks !
Accepted Solutions (1)
Accepted Solutions (1)
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Here in the US we have the ability to set our credit card, instead of Paypal, to handle currency conversions.
It is a setting in our Paypal account, not something done during checkout.
Set it once & we don't have to set it again, unless we want to change & have Paypal do the conversion.
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Different countries have different Paypal capabilities.
I don't know if this will work for members from other countries, but this is how a US member would set their credit card to do the currency conversion:
Paypal account
Little Gear (profile) icon
Scroll down to: Preapproved payments
Then locate & click the Set Available Funding Sources link located on the right hand side of the page.
To the right of your cc info, click Conversion Options
Then select:
( ) Bill me in the currency listed on the seller's invoice.
I will not know which foreign exchange rate has been applied to this transaction until I receive my card statement from my card issuer. I acknowledge that by choosing this option, my card issuer will determine the foreign exchange rate to apply to this transaction, and that I will not be informed of the foreign exchange rate or any additional foreign exchange fees applied until I am billed by my card issuer.
Then [Submit].
Do not set your cc to do the currency conversion until you've compared their fees & conversion rates to those of Paypal.
For US members: Paypal's 2.5% fee is pretty good compared to many cc companies.
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