Hey guys!
I am currently still with PayPal since I'm selling in both CA$ and US$.
This morning I got this message from eBay:
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Register to receive payouts in US dollars
Hi vip-marketplace,
Thank you for registering for eBay to manage your payments. In the coming weeks, we will be launching the ability for sellers to get paid in US dollars. This is a useful tool for Canadian sellers who do most of their business on eBay.com. Learn more about getting paid in US dollars.
If you would like to take advantage of this option, please complete this registration form by May 18th. Should you want to receive payments in Canadian dollars, you do not need to take further action. Any seller who doesn’t complete their registration form by May 18th will continue to receive their payouts in Canadian dollars.
Please note that you will not be able to change your payout currency after you complete your registration.
Once you complete registration to receive US dollar payouts, your current bank account details will be removed and your payout currency will be changed to US dollars. You can add a new US dollar bank account from a Canadian bank after eBay starts managing your payments.
Remember to complete this registration form by May 18th if you want to receive US dollar payouts.
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So does that mean they have given up on finding a way to handle 2 currencies and now need me to transition and choose 1 currency?
I'm Canadian but 80% of my sales and in US$. So I guess I will chose US$ and link a US$ bank account.
But what will happen to my CA$ sales? I won't just be able to sell in CA$ anymore?
Or will they be converted to US$ with currency conversion fees and I will have to convert them back to CA$ once more and pay convertion fees again?
I hate this...
