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My friend has has non US paypal account holding USD and it’s virtually impossible to send or transfer this money as USD without being forced to convert it (to n
by chrischen 4y ago
My friend has has non US paypal account holding USD and it’s virtually impossible to send or transfer this money as USD without being forced to convert it (to native currency and back to USD) first at high fees.
- zinekeller 4y agoWhile I agree PayPal sucks, it may be beyond PayPal's control. It seems that some countries (in general) want you to convert any foreign remittance into local currency, seemingly to allow better tax compliance for their anti-laundering requirements. It's crazy, but I'll put the blame on governments on this one.
- SXX 4y agoSomehow Wise manage to do it without forcing you to convert currencies twice...
- zinekeller 4y agoWithout knowing which specific country you're talking about this discrepancy exists, I cannot comment on that, but I'm sure that (except for inward remittance, which is converted to Argentinean pesos) Wise is not available in Argentina.
- chrischen 4y agoTo be fair the country in question is indeed not directly supported by Wise. The only way I found to easily transfer money is to buy and immediately sell bitcoin.