posted on September 19, 2002 10:15:41 PM newNotice Date: September 19, 2002
Effective Date: October 9, 2002
Starting on October 9, to increase the ease of conducting international transactions, PayPal will begin to support transactions in multiple currencies. The initial roll-out of Multiple Currencies will give PayPal account holders the option of sending and receiving their payments in Pounds Sterling or Euros, as well as U.S. Dollars.
When the Multiple Currencies feature is launched, sellers will be able to choose the currencies in which they would like to conduct business through their Payment Receiving Preferences. Sellers may continue to transact only in U.S. Dollars unless they elect to accept Euro and/or Pound Sterling payments. Sellers who choose to receive payments in multiple currencies will have the option of maintaining separate balances for each currency in their PayPal account, or automatically converting all payments they receive into a single currency.
We will be providing additional information about Multiple Currencies as we get closer to launching this product. At present, you can learn more about Multiple Currencies in the Help Center.
posted on September 19, 2002 10:21:00 PM new
Just another excuse for more fees. From their FAQ.
What are the fees associated with Multiple Currencies?
To ease your record-keeping when you use Multiple Currencies, the fees will be charged in the currency of the payment; additional information will be available closer to the feature's launch.
Yes the fees assocaited with this new feature will be available closer to the feature's launch. Talking about dodging the question
I thought exactly the same thing. This could be a lot of fun. I don't think many realize how big a feature this may be.