| Discussion Forum: Thread 336219 |
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| | | Author: | Ziegelmeister  | | Posted: | Mar 9, 2023 17:32 | | Subject: | 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 101 times | | Topic: | Currency | |
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| I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
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| | | | | Author: | SylvainLS | | Posted: | Mar 9, 2023 17:36 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 34 times | | Topic: | Currency | |
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| In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
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It doesn’t seem like you can link two PayPal accounts for PayPal Onsite (“PP
for marketplaces”), which you’ll need both for your US and EU buyers.
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| | | | | | | Author: | Ziegelmeister | | Posted: | Mar 9, 2023 17:44 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 35 times | | Topic: | Currency | |
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| In Currency, SylvainLS writes:
| | In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
|
It doesn’t seem like you can link two PayPal accounts for PayPal Onsite (“PP
for marketplaces”), which you’ll need both for your US and EU buyers.
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I figured but secretly hoped maybe someone knew of a trick. The problem of course
would also be cross referencing shipping costs and how to jump that hurdle.
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| | | | | | | | | Author: | SylvainLS | | Posted: | Mar 9, 2023 17:49 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 38 times | | Topic: | Currency | |
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| In Currency, Yellow.Brick writes:
| | […]
| | It doesn’t seem like you can link two PayPal accounts for PayPal Onsite (“PP
for marketplaces”), which you’ll need both for your US and EU buyers.
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I figured but secretly hoped maybe someone knew of a trick. The problem of course
would also be cross referencing shipping costs and how to jump that hurdle.
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Eh, can’t you link two bank accounts in one PayPal account?
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| | | | | Author: | yorbrick | | Posted: | Mar 10, 2023 03:15 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 33 times | | Topic: | Currency | |
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| In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
|
Can't you just open a Euro wallet within your PayPal account? My account
can accept GBP, Euro and USD and each goes to a different wallet.
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| | | | | | | Author: | Ziegelmeister | | Posted: | Mar 10, 2023 03:33 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 35 times | | Topic: | Currency | |
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| In Currency, yorbrick writes:
| | In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
|
Can't you just open a Euro wallet within your PayPal account? My account
can accept GBP, Euro and USD and each goes to a different wallet.
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I'd have to look in to it. The primary goal is to not have to worry about
any transaction/wire/conversion fees. It's a teensy portion of bricklink
sales but every bit helps to avoid conversion fees.
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| | | | | | | | | Author: | yorbrick | | Posted: | Mar 10, 2023 04:38 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 27 times | | Topic: | Currency | |
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| In Currency, Yellow.Brick writes:
| | In Currency, yorbrick writes:
| | In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
|
Can't you just open a Euro wallet within your PayPal account? My account
can accept GBP, Euro and USD and each goes to a different wallet.
|
I'd have to look in to it. The primary goal is to not have to worry about
any transaction/wire/conversion fees. It's a teensy portion of bricklink
sales but every bit helps to avoid conversion fees.
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It used to be that you could have multiple wallets and link each to a different
account in different countries. My Euro wallet used to be linked to a Dutch bank
account. But that was pre-2016 and things could well have changed if you want
to transfer money out. You can still use different currency wallets to collect
and spend via PayPal but withdrawing might be different now.
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| | | | | Author: | rankster | | Posted: | Mar 10, 2023 03:42 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 46 times | | Topic: | Currency | |
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| In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
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I know PP restricts accounts based in some countries to withdraw in their local
currency only. You should check first if your US based PP account allows withdrawing
EUR or USD only. If so you can create a Wise account and withdraw EUR there.
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| | | | | Author: | pcthurman | | Posted: | Mar 10, 2023 04:36 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 35 times | | Topic: | Currency | |
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| In Currency, Yellow.Brick writes:
| | I live in the US but I also have a bank account in an EU country where I transfer
USD when it gets close to parity with the Euro. I spend 1-2 months in europe
every year so this has helped hedge against currency exchange rates. So I've
already jumped through all those hoops in order to have banking accounts as a
non-citizen.
So...
is it at all possible to have two paypal accounts linked to my store where people
paying in USD would route through my US account and people in the EU would route
through a European account?
|
If you have a business PayPal account, you can except other currencies without
problem and use those currencies without problems. In order to withdraw or transfer
those currencies, I have to convert them into USD before transferring to my own
bank account. That might be my bank though. I am not clear on this point.
Cass T
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| | | | | | | Author: | rankster | | Posted: | Mar 10, 2023 04:40 | | Subject: | Re: 2 paypal accounts; 1 for USD, 1 for Euro? | | Viewed: | 48 times | | Topic: | Currency | |
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| In Currency, pcthurman writes:
| | In order to withdraw or transfer
those currencies, I have to convert them into USD before transferring to my own
bank account.
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That way you lose a lot due to PP's awful exchange rate. Isn't there
an option for US accounts to transfer other currencies than USD to bank accounts?
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USA, Ohio
France, Nouvelle-Aquitaine
United Kingdom, England
Austria, Wien