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Working out exchange rates and fees - PayPal etc, by Happy Shopper on Mar 25, 2018 17:44:13 GMT 1, Does anyone have a good system, or online calculator, to work out how much you get in ยฃ if someone pays you in $.
I've been reading the PayPal fees pages, but it's quite confusing... Is there a simple calculation?
(Sorry if this is the wrong place to post, but if it's useful maybe it could be a sales section sticky!?)
Does anyone have a good system, or online calculator, to work out how much you get in ยฃ if someone pays you in $.
I've been reading the PayPal fees pages, but it's quite confusing... Is there a simple calculation?
(Sorry if this is the wrong place to post, but if it's useful maybe it could be a sales section sticky!?)
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irl1
Full Member
Posts โข 9,274
Likes โข 9,381
December 2017
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Working out exchange rates and fees - PayPal etc, by irl1 on Mar 25, 2018 17:47:25 GMT 1, Does anyone have a good system, or online calculator, or work out how much you get in ยฃ is someone pays you in $. I've been reading the PayPal fees pages, but it's quite confusing... Is there a simple calculation? (Sorry if this is the wrong place to post, but if it's useful maybe it could be a sales section sticky!?)
Does anyone have a good system, or online calculator, or work out how much you get in ยฃ is someone pays you in $. I've been reading the PayPal fees pages, but it's quite confusing... Is there a simple calculation? (Sorry if this is the wrong place to post, but if it's useful maybe it could be a sales section sticky!?) One dollar today will give you 0.71 sterling, you might get a little better or even worse depending on the bank |
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Dive Jedi
Junior Member
Posts โข 6,183
Likes โข 9,431
Member is Online
October 2015
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Working out exchange rates and fees - PayPal etc, by Dive Jedi on Mar 25, 2018 17:52:47 GMT 1, Does anyone have a good system, or online calculator, or work out how much you get in ยฃ is someone pays you in $. I've been reading the PayPal fees pages, but it's quite confusing... Is there a simple calculation? (Sorry if this is the wrong place to post, but if it's useful maybe it could be a sales section sticky!?)
So if paid $ 1.000 you will receive about $ 950
They also have a rather expensive currency rate. A dollar is about GPB 0,707 now.
So PayPal will use a rate of about GPB 0,65 or 0,66
Leaving you with 950 x 0,66 = GPB 627
So basicly you get screwed twice.
This calculation depends on the current rate of course, which you can find here:
www.xe.com/currencycharts/?from=USD&to=GBP&view=1D
Does anyone have a good system, or online calculator, or work out how much you get in ยฃ is someone pays you in $. I've been reading the PayPal fees pages, but it's quite confusing... Is there a simple calculation? (Sorry if this is the wrong place to post, but if it's useful maybe it could be a sales section sticky!?) Well, PayPal takes about 5% as a fee. So if paid $ 1.000 you will receive about $ 950 They also have a rather expensive currency rate. A dollar is about GPB 0,707 now. So PayPal will use a rate of about GPB 0,65 or 0,66 Leaving you with 950 x 0,66 = GPB 627 So basicly you get screwed twice. This calculation depends on the current rate of course, which you can find here: www.xe.com/currencycharts/?from=USD&to=GBP&view=1D |
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Dive Jedi
Junior Member
Posts โข 6,183
Likes โข 9,431
Member is Online
October 2015
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Working out exchange rates and fees - PayPal etc, by Dive Jedi on Mar 25, 2018 18:00:11 GMT 1, My advice of the day :
In case you plan to buy new stuff in US$ ask to be paid in US$.
So you will not lose in the currency exchange when receiving your payment
AND you will not pay any currency exchange when you purchase your new item.
My advice of the day :
In case you plan to buy new stuff in US$ ask to be paid in US$.
So you will not lose in the currency exchange when receiving your payment
AND you will not pay any currency exchange when you purchase your new item.
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count
New Member
Posts โข 36
Likes โข 18
January 2018
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Working out exchange rates and fees - PayPal etc, by count on Mar 26, 2018 4:32:32 GMT 1, My advice of the day : In case you plan to buy new stuff in US$ ask to be paid in US$. So you will not lose in the currency exchange when receiving your payment AND you will not pay any currency exchange when you purchase your new item.
Yes, good advice this. I sold a fairly high value print last year. Seller paid in my local currency even though the price was in USD, and I lost quite a bit to currency conversion.
Also, I use this to calculate fees etc paypalfeecalculator.paymentprocessing.cc/
My advice of the day : In case you plan to buy new stuff in US$ ask to be paid in US$. So you will not lose in the currency exchange when receiving your payment AND you will not pay any currency exchange when you purchase your new item. Yes, good advice this. I sold a fairly high value print last year. Seller paid in my local currency even though the price was in USD, and I lost quite a bit to currency conversion. Also, I use this to calculate fees etc paypalfeecalculator.paymentprocessing.cc/ |
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Working out exchange rates and fees - PayPal etc, by Happy Shopper on Mar 26, 2018 9:14:42 GMT 1, My advice of the day : In case you plan to buy new stuff in US$ ask to be paid in US$. So you will not lose in the currency exchange when receiving your payment AND you will not pay any currency exchange when you purchase your new item. Yes, good advice this. I sold a fairly high value print last year. Seller paid in my local currency even though the price was in USD, and I lost quite a bit to currency conversion.ย Also, I use this to calculate fees etcย paypalfeecalculator.paymentprocessing.cc/
Thanks for all the replies.
That calculator looks exactly what I was after!
My advice of the day : In case you plan to buy new stuff in US$ ask to be paid in US$. So you will not lose in the currency exchange when receiving your payment AND you will not pay any currency exchange when you purchase your new item. Yes, good advice this. I sold a fairly high value print last year. Seller paid in my local currency even though the price was in USD, and I lost quite a bit to currency conversion.ย Also, I use this to calculate fees etcย paypalfeecalculator.paymentprocessing.cc/Thanks for all the replies. That calculator looks exactly what I was after! |
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NYart
Junior Member
Posts โข 1,221
Likes โข 844
January 2016
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Working out exchange rates and fees - PayPal etc, by NYart on Mar 26, 2018 9:27:09 GMT 1, Getting a credit card or debit card without foreign transaction fees is worth it too. I would always get dinged for $10-20 minimum for small pieces.
Getting a credit card or debit card without foreign transaction fees is worth it too. I would always get dinged for $10-20 minimum for small pieces.
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tito
New Member
Posts โข 26
Likes โข 162
September 2016
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Working out exchange rates and fees - PayPal etc, by tito on Mar 27, 2018 6:40:23 GMT 1, Iโve bought a few items from international members and found the exchange calculators to be useless. I always wound up being a few dollars short and had to send the remaining balance in a second transaction. A little embarrassing but sellers were understanding since I was usually of by only $10-15 which isnโt much.
Iโve bought a few items from international members and found the exchange calculators to be useless. I always wound up being a few dollars short and had to send the remaining balance in a second transaction. A little embarrassing but sellers were understanding since I was usually of by only $10-15 which isnโt much.
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Working out exchange rates and fees - PayPal etc, by Happy Shopper on Mar 27, 2018 9:57:45 GMT 1, Iโve bought a few items from international members and found the exchange calculators to be useless. I always wound up being a few dollars short and had to send the remaining balance in a second transaction. A little embarrassing but sellers were understanding since I was usually of by only $10-15 which isnโt much.
I usually agree a sales price with a US buyer and find I lose out with unexpected Paypal fees.
I still have no idea how to work it out!!
What I need is a simple calculation, like:
$ Transferred - 0.5%(International fee) - 3.4% fee (depending on amount) - Exchange rate % = What you actually get in ยฃ!
Anyone smart enough to work this out? 
Iโve bought a few items from international members and found the exchange calculators to be useless. I always wound up being a few dollars short and had to send the remaining balance in a second transaction. A little embarrassing but sellers were understanding since I was usually of by only $10-15 which isnโt much. I usually agree a sales price with a US buyer and find I lose out with unexpected Paypal fees. I still have no idea how to work it out!! What I need is a simple calculation, like: $ Transferred - 0.5%(International fee) - 3.4% fee (depending on amount) - Exchange rate % = What you actually get in ยฃ! Anyone smart enough to work this out? |
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christiangul
New Member
Posts โข 365
Likes โข 151
June 2017
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Working out exchange rates and fees - PayPal etc, by christiangul on Mar 27, 2018 10:09:00 GMT 1, Anyone smart enough to work this out?ย
Anyone smart enough to make a new โeBayโ site? ๐ฌ
Anyone smart enough to work this out?ย Anyone smart enough to make a new โeBayโ site? ๐ฌ |
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syprux
New Member
Posts โข 269
Likes โข 162
May 2007
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Working out exchange rates and fees - PayPal etc, by syprux on Mar 27, 2018 11:26:36 GMT 1, Great topic! Thanks for sharing all these tips.
Great topic! Thanks for sharing all these tips.
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