mgs2

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I sell on eBay and have started selling overseas throughout Europe and North America. The vast majority of overseas buyers pay via paypal, thus my Paypal account receives GBP, Euro and USD.

My Paypal account is setup in Australia, and there are additional fees to accept foreign currency. Basically the fees to accept foreign currency, as opposed to AUD, almost double. So generally I'm pay about 2-2.5% to receive AUD to my paypal account, so to receive these other currencies I'm paying something like 4-5%. Then I'm slapped with another 2.5% currency conversion fee to convert the foreign currency into AUD, to withdraw to my Australian bank account.

These fees are just all to much, and are hurting my business. Paypal's rule is that you can only have one paypal account per person. Does anyone have any ideas what I could do to help sort out this problem? All replies are geatly appreciated, thank you.

BW

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the rules can't be changed in paypal unless you don't use paypal which is not going happen in your case. that is why paypal is rip off sellers

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Gadgetalert101

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You may want to think about Google Checkout...could better. I've never tried it

littlewing

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BW, sounds like you and I could give a seminar on the mistakes of using paypal.

Wanta help me start our own payment processing company?

AuctionMan

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CAn you not set up a US bank account and transfer it that way, not sure how the exchange rate would affect things tho