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Can you not get a USD bank account in India? Paypal would then not need to do any conversion and you could do the transfer yourself from USD to INR using your p
by biot 14y ago
Can you not get a USD bank account in India? Paypal would then not need to do any conversion and you could do the transfer yourself from USD to INR using your preferred exchange.
- yashg 14y agoI can. It's called Exchange Earner's Foreign Currency (EEFC) Account but PayPal converts the money before they send it to my bank account. So even if I had that account, they will still send me INR. Because RBI's policies have given them another way to make some extra money.
- peteforde 14y agoCorrect. I'm in Canada and my PayPal is USD because i use ebay a lot. My attempt to set up a "US Funds" account for Paypal at TD Canada Trust met with them converting money from a Canadian buyer to US then to CAD just in time for TD to convert it to US to go into the account. Clearly, I halted that after a day. PayPal insists that it's impossible to transfer money in any currency except the one related to the address of the bank's head office.
- krrrh 14y agoIf you use RBC's US routing number for your USD account it is possible to withdraw USD from Paypal Canada directly into your USD funds account. I confirmed that this works: http://bradt.ca/blog/transfer-from-paypal-to-a-us-dollar-account-at-a-canadian-bank/ http://bradt.ca/blog/transfer-from-paypal-to-a-us-dollar-acc...