Jump to content
  • 0

Currency conversion fee using bank transfer vs. Paypal - which is cheaper?


cc_animation

Question

This option to withdraw directly to my bank account seems very useful, but I wonder which currency conversion would be cheapest. Does Fiverr use the standard market rate or does it add a (hidden) fee to convert from USD to EUR? I know Paypal adds a hidden fee in their currency conversion of 2,5% or so.

If anyone has experience with this option and could shed some light on this, thanks!

 

  • Like 7
Link to comment
Share on other sites

1 answer to this question

Recommended Posts

  • 0
Quote

There's no fees when withdrawing money to PayPal. The "fees" that people see are currency conversion fees. I always take the money from Fiverr to PayPal in USD, and keep it there in USD (you need a USD account on PayPal, you can just create one).

Found this on another thread.

  • Like 3
Link to comment
Share on other sites

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now
×
×
  • Create New...