PayPal changes payment exchange rate conversion options

If you buy the same vps from the same vps merchant on the same day, if you don’t pay attention to the exchange rate conversion, the difference can be more than 10% in RMB. For example, if you buy a VPS with an annual payment of 20 euros, if you don’t pay attention to the exchange rate conversion, the difference can be more than 10 yuan compared with others. .This is really unnecessary. If there are too many people jumping into the hidden pitfalls of Paypal, some people will summarize ways to avoid them.

As for why, I won’t go into details here. Friends who are interested can google it themselves.

Paypal comes with two exchange rate conversion options:

The default "Paypal currency exchange program" is higher than the normal exchange rate, which means that when we use Paypal to pay foreign currency, we will pay more RMB, and there is a pitfall, if you buy in euros or For other non-U.S. dollars currencies, PayPal will first convert them into U.S. dollars for you in the background and then convert the U.S. dollars into RMB. This is an extra foreign currency conversion. Of course, there will be more exchange rate losses.

1. Log in to your Paypal account and click the settings icon in the upper right corner of the page:

2. Click the "Pay" button in the picture to enter the interface below and click "Manage Pre-Approved Payments":

3. In the interface below, click "Set Available Fund Sources" in the lower right corner:

4. After entering the interface below, click "Redeem Options":

5. Select the second option in the picture below and click Submit.

Summary: Paypal also has a lot of pitfalls, so you need to be careful, especially when making payments, check to see if the payment amount is consistent with the amount you purchased. It is best to recheck the fund balance after purchasing. Cancel the automatic pre-approval of renewal payments.< /p>

Since the Paypal revision will adjust the page, if you cannot find this option, you can directly click the following link:

https://www.paypal.com/c2/cgi -bin/webscr?cmd=_profile-merchant-pull-funding&buyer_hub

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