Managing Your Money in Multiple Currencies. When you open your account, it is configured for use with the opening currency of your account. The opening currency of your account is Euro (EUR). We may configure your account further so that you can use it to store money and send and receive payments in currencies other than the opening currency of your account. If you hold a PayPal balance, we may allow you to convert it to balance in another currency. If your PayPal balance is not enough to cover the amount of a payment you instruct us to make in a particular currency, we may perform a currency conversion from any PayPal balance in another currency to cover the shortfall. There may be some restrictions on where you can send payments in certain currencies. We may allow you to choose the way in which your account treats and/or converts payments received in currencies other than the opening currency of your account. To receive money in a currency other than the opening currency of your account, it may be necessary to create a balance in that currency or convert the money into another currency that we allow you to hold. Payments in certain currencies can only be received by automatic conversion of the money into another currency that we allow you to hold. If you receive a payment from anyone who doesn’t have a PayPal account and that payment is in a currency which your account is not currently configured to use, we may automatically convert the amount received into a currency that your account is configured to use at the time the payment is made. Please see the Withdrawing Money section above to see how withdrawals in different currencies can be made. If one of the currency balances in your account shows that you owe us an amount of funds for any reason, we may set off the amount you owe us by using funds you maintain in a different currency balance or by deducting amounts you owe us from money you receive into your account, or money you attempt to withdraw or send from your account, or in a different account, and by deducting funds from any withdrawals you attempt to make. If, for a period of 21 Days, you have a PayPal balance that reflects an amount owing to us that is not in Euros, we may convert the amount you owe us to Euros. We may, at our discretion, impose limits on the amount of money you can convert or the number of conversions you can perform. You are responsible for all risks associated with maintaining multiple currencies in a PayPal account. You may not manage or convert currencies for specu...
Managing Your Money in Multiple Currencies. Holding a PayPal balance in a currency other than Australian dollars PayPal may allow you to hold a balance in currencies other than Australian dollars. If you hold a PayPal balance, • we may allow you to convert it to balance in another currency. If you convert your balance, PayPal's transaction exchange rate (including our currency conversion fee) will be used. We may, at our discretion, impose limits on the amount of money you can convert or the number of conversions you can perform; • you may only withdraw it in Australian dollars, or US dollars (only when you withdraw the US dollars into your US bank account linked to your PayPal account). In order to withdraw balance held in another currency you will have to convert the currency to Australian dollars, or it will be converted for you at the time of your withdrawal. PayPal's currency conversion rate, including our currency conversion fees, will be used. You are responsible for all risks associated with maintaining multiple currencies in a PayPal account. You may not manage or convert currencies for speculative trading purposes, conversion arbitrage, conversion options, or any other activity that PayPal determines is primarily for the purpose of gaining or making money based on currency conversion rates. PayPal may hold, cancel, or reverse any transaction we determine to violate this policy. How we convert currency If PayPal converts currency, it will be completed at the transaction exchange rate we set for the relevant currency exchange. The transaction exchange rate is adjusted regularly and includes a currency conversion fee (described below) applied and retained by us on a base exchange rate to form the rate applicable to your conversion. The base exchange rate is based on rates within the wholesale currency markets on the conversion day or the prior business day; or, if required by law or regulation, set at the relevant government reference rate(s). For some uses of your PayPal account, PayPal may determine currency conversion is necessary. For any of the following transactions that involve a currency conversion, the currency conversion fee is 4.0%: • Paying for goods or services in a currency other than the currency the goods or services are listed in. • Receiving a refund beyond 1 day of the original payment. • Sending money to a friend or family member such that they receive a different currency from the currency you pay in. • Sending money using PayPal's Payouts (formerly Mass Pay) services suc...
Managing Your Money in Multiple Currencies. When you open your account, it is configured for use with the opening currency of your account. The opening currency of your account is euro (EUR), except as follows for if you are registered with us as resident in one of these countries: • Czech Republic: Czech koruna (CZK).
Managing Your Money in Multiple Currencies. Holding currency PayPal balance may be held in any of the currencies supported by PayPal, and you may hold a balance in more than one of these currencies at the same time. If you hold a balance in your PayPal account: • We may allow you to convert the funds to a balance in another currency. If you convert funds in your account, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. We may, at our discretion, impose limits on the amount of money you can convert or the number of conversions you can perform. • If you are a premier or business account user, you may withdraw funds in Japanese Yen, if your linked bank account is a local bank account. We do however permit U.S. dollar currency withdrawals if you have a U.S. bank account linked to your PayPal account. In order to withdraw funds held in Japanese Yen in your premier or business account to a linked U.S. bank account, you will have to convert the currency to U.S. dollars, or it will be converted for you at the time of your withdrawal. PayPal’s transaction exchange rate, including our currency conversion fee, will be used. To receive money in a currency your account is not currently configured to accept, it may be necessary to create a balance in your PayPal account in that currency or convert the money into another currency. Certain currencies can only be received by converting the money into another currency that PayPal allows you to hold. If the money is converted, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. You are responsible for all risks associated with maintaining multiple currencies in your PayPal account. You may not manage or convert currencies for speculative trading purposes, conversion arbitrage, conversion options, or any other activity that PayPal determines is primarily for the purpose of gaining or making money based on currency conversion rates. PayPal may hold, cancel, or reverse any transaction we determine to violate this policy. How we convert currency If PayPal converts currency, it will be completed at the transaction exchange rate we set for the relevant currency exchange. The transaction exchange rate is adjusted regularly and includes a currency conversion fee applied and retained by us on a base exchange rate to form the rate applicable to your conversion. The base exchange rate is based on rates within the wholesale currency markets on the conversion day or the prior Business Day; or, if required...
Managing Your Money in Multiple Currencies. Your BANEKS Account balance may be held in certain currencies supported by BANEKS from time to time. You may hold a balance in more than one of these currencies at the same time. You are responsible for all risks associated with maintaining a BANEKS Account balance in multiple currencies. You may not manage multiple currencies for speculative trading purposes.
Managing Your Money in Multiple Currencies. Your balance shall be held in any of the currencies supported by PayHalal™, and you may hold a PayHalal™ balance in the currency supported by PayHalal™. For the avoidance of doubt, the default currency shall be in Ringgit Malaysia. Some uses of your PayHalal™ account may require a currency conversion. Such conversion of currency would be according to the rate of your bank. Some examples of situations where a currency conversion is required include: • Purchasing goods from a seller who accepts payments only in a specific currency which you do not hold in your PayHalal™ account. • Sending money in a currency that you do not hold at the time of the transaction. • Sending money using PayHalal™’s products in a currency that you do not hold at the time of the transaction. • Receiving money in a currency that your PayHalal™ account is not configured to accept. • Converting your balance from one currency to another, not in connection with any transaction. • Withdrawing funds from your balance held in a currency other than Ringgit Malaysia to the bank account linked to your PayHalal™ account. • If you sold something and the transaction must be refunded or reversed, and you do not have the correct currency available in your PayHalal™ balance at the time of the refund or reversal. If PayHalal™ converts the currency, we will use a wholesale exchange rate (adjusted from time to time based on market conditions) to perform the conversion. When your payment is funded by a debit or credit card and requires a currency conversion, you consent to and authorize PayHalal™ to convert the currency in place of your debit or credit card issuer. You have the right to have your card issuer perform the currency conversion and can choose this option during checkout on your transaction review page before you complete the transaction. If your card issuer converts the currency, you’ll be charged a rate set by them (shown on your statement), and you’ll be subject to any fees and terms set by them related to the conversion. Account Statements and Requesting Account Records in Writing You have the right to receive an account statement showing your PayHalal™ account activity and you may view your PayHalal™ account statement by logging into your PayHalal™ account. Sending Money and Receiving Money You can send money using the send money feature in your PayHalal™ account to another PayHalal™ account. If the person to whom you are sending money does not have a PayHalal™ account, they must create...
