What happens if you buy something in dollars

You might as well light that money on fire. Now that you know you can say no to dynamic currency conversion, what about the blasted foreign transaction fees? You can find a list of credit cards from CardHub that can be filtered to distinguish those with no foreign transaction fees.

NerdWallet also has a list of cards. If you get a dinner check in dollars, for instance, ask that it be changed. The easiest way to avoid the conversion, of course, is to pay cash, although that comes with its own concerns about exchange rates, ATM fees and, of course, getting pickpocketed. There is, then, no perfect solution to money abroad, except to be aware of others who will part you from it.

Have a travel dilemma? Write to travel latimes. We regret we cannot answer every inquiry. She was born in Syracuse, N. Her varied media career has taken her from McPherson, Kan. The seller will get dollars and you will be charged in pounds. The rate they use will be slightly poorer than you might see on an internet search because they build in their commission for exchanging the money - but don't worry it isn't a great deal.

Paypal works too. I advise people not to use their debit card on the internet because if it gets hacked then the hacker has access to the funds in your bank account - your money. It's also a lot more hassle if you have to cancel your bank card than cancelling a credit card. Cheers, Nigel.

Foster Distinguished Member. Click to expand Didn't think you could get credit cards at IronGiant Moderator. They've used cash all their lives, so who knows? True, I just saw 'cards' and assumed too much. Perhap he is using his mum's. Can you use a prepaid debit card to pay for dollars online? What are you buying, goods or currency? As CooperUK says if you are buying currency then your bank may apply a currency handling charge aswell as the built-in commission.

We won't be getting any type of currency only our own money we will be using. And well only be buying normal goods. Only the names have been changed — to confuse the tourist. Examine the coins in your pocket soon after you arrive, and in two minutes you'll be comfortable with the nickels, dimes, and quarters of each new currency. You don't need to constantly consult a currency converter. While you can do real-time conversion with an app, I've never bothered.

You just need to know the rough exchange rates. I see no need to have it figured to the third decimal. Very roughly determine what the unit of currency euros, kroner, Swiss francs, or whatever is worth in American dollars. Make a game out of quizzing yourself or your travel partner, and soon it'll be second nature.

Survival on a budget is easier when you're comfortable with the local currency. Assume you'll be shortchanged. In banks, restaurants, at ticket booths, everywhere — expect to be shortchanged if you don't do your own figuring. Some people who spend their lives sitting in booths for eight hours a day taking money from strangers have no problem stealing from clueless tourists who don't know the local currency.

For 10 minutes I observed a man in the Rome subway shortchanging half of the tourists who went through his turnstile. Half of his victims caught him and got their correct change with apologies.

Overall, about 25 percent didn't notice and probably went home saying, " Mamma mia , Italy is really expensive.

Plan your cash withdrawals wisely. Avoid having a lot of unused currency left over when you cross borders between countries that use different currencies. Welcome to PayPal! You also agree to comply with each of the other agreements on the Legal Agreements page that apply to you and the following additional policies: Acceptable Use Policy Electronic Communications Delivery Policy E-Sign Disclosure and Consent Please read carefully all of the terms and conditions of this user agreement, the terms of these policies, and each of the other agreements that apply to you.

All PayPal accounts let you do things like: Send and receive money. Buy things online, using mobile devices or in stores. Make payments using your credit card, debit card, bank account, or other payment options, including funds held as balance in a business PayPal account if we have verified the required identifying information you provide to us or funds held in a PayPal Balance account linked to a personal PayPal account if you choose to open a PayPal Balance account.

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With a business PayPal account, you can do things like: Use a company or business name as the name on your business PayPal account. Allow employees access to some of the features of your business PayPal account. Sign up for PayPal products that meet your business needs. Commercial Entity Status If the activity through any type of PayPal account you hold reaches certain thresholds or involves certain business segments or activities, you are required by the card networks to agree to a Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments.

In certain cases, you may not close your PayPal account, including: To evade an investigation. If you have a pending transaction or an open dispute or claim. If your PayPal account has a negative balance. If your PayPal account is subject to a hold, limitation or reserve. We will not send a check to a post office box, and we will only send a check to an address once we have confirmed that it belongs to you; open a Balance Account to hold the money as a balance in your Balance Account for purchases or to transfer funds to friends and family members.

A Balance Account is separate account from your personal PayPal account. The required identifying information is: For sole proprietorships: name, physical address, date of birth and taxpayer identification number; or For other types of business legal entities: business name, business address, taxpayer identification number, and proof of business existence.

We will not send a check to a post office box, and we will only send a check to an address once we have confirmed that it belongs to you.

Restrictions on transfers or withdrawals from PayPal accounts To protect us and our users from loss, we may delay a withdrawal, in certain situations, including if we need to confirm that you have authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal for example, as a result of a chargeback , bank reversal, or dispute by a buyer.

Completing two out of three of the following steps can help us verify your PayPal account, which may allow us to remove any withdrawal cap: Verifying your bank account. Linking and confirming your credit or debit card information. Providing your social security number. Holding currency other than U. If you hold a balance in your business PayPal account or in your Balance Account: We may allow you to convert the funds to balance in another currency.

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 the funds in U. In order to withdraw funds in your account held in another currency you will have to convert the currency to U. How we convert currency If PayPal converts currency, it will be completed at the transaction exchange rate we set for the relevant currency exchange.

Currency conversion choices When your payment is funded by a debit or credit card and PayPal determines a currency conversion is necessary, you consent to and authorize PayPal to convert the currency in place of your debit or credit card issuer. If they decline to accept the money, the money including any fees you were charged will be refunded to: The original payment method you used for the transaction, if you used a credit card, debit card, PayPal Credit, a Balance Account, or balance in a business PayPal account as the payment method, or The balance in your business PayPal account or the balance in your Balance Account linked to your personal PayPal account if you used a bank account as the payment method and we cannot refund it to your bank account.

If you do not have a Balance Account linked to your personal PayPal account, the money will be waiting for you to claim by using one of the available transfer methods under Receiving Funds, Holding a Balance or Transferring Funds for personal PayPal accounts.

How to buy something or make a donation You can buy something from a seller who accepts PayPal or make a donation, in any currency that the recipient accepts and that PayPal supports using any payment method linked to your PayPal account. Sending money to a seller for goods or services.

Making donations using PayPal. Payment review When PayPal identifies a potentially high-risk transaction, we review the transaction more closely before allowing it to proceed.

Automatic payments You can agree with a seller who accepts PayPal to use PayPal as the payment method for future purchases with that seller. Refunds When you buy something from a seller online using PayPal and the transaction is ultimately refunded, the money will typically be refunded to the original payment method you used for the transaction if you used a debit card, credit card, PayPal Credit, or a balance in your Balance Account or business PayPal account.

Selecting a preferred payment method You can choose any of the payment methods in your PayPal account as your preferred payment method. Backup payment method Certain one-time online transactions may require that a backup funding method be used in the event that your selected or preferred payment method is unavailable. Sending money to friends and family When you send money to friends and family within the U.

Automatic payments Some sellers allow you to store PayPal as the way you pay when making purchases on their site, so you can check out faster. Bank account transfers When you use your bank account as a payment method, you are allowing PayPal to initiate a transfer from your bank account to the recipient. E-check E-check is a payment method where you use your bank account as your payment method, and the payment is not received by the recipient until the transaction is processed from the bank.

Debit card processing PayPal will process your debit or prepaid card funded transactions through either the ATM debit network or the Visa, MasterCard or Discover network. You received a completely different item. The condition of the item was misrepresented. The item was advertised as authentic but is not authentic i. The item is missing major parts or features and those facts were not disclosed in the description of the item when you bought it.

The item was damaged during shipment. The item is unusable in its received state and was not disclosed as such. An item may not be considered Significantly Not as Described if: The defect in the item was correctly described by the seller in its description of the item.

The item was properly described but did not meet your expectations. Pay for the eligible item from your PayPal account. Attempt to contact the seller to resolve your issue directly before filing a claim through the Resolution Center. Open a dispute in the Resolution Center within days of the date you sent the payment and follow our online dispute resolution process. Not have received a recovery or agreed to an alternative resolution related to your purchase from another source.

The steps you must follow are described below, and if you do not follow these steps your claim may be denied: Step 1: Open a dispute within days of the date you made the payment. Dollar: USD Step 5: PayPal will make a final decision including automatically closing any dispute or claim , in its sole discretion, based on the eligibility requirements set forth above, any additional information provided during the online dispute resolution process or any other information PayPal deems relevant and appropriate under the circumstances.

Dispute with us or your card issuer If you used a debit or credit card as the payment method for a transaction through your PayPal account and you are dissatisfied with the transaction, you may be entitled to dispute the transaction with your card issuer. Receiving payments If you use your PayPal account to receive payments for the sale of goods or services or to receive donations, you must: Pay any applicable fees for receiving the funds. Receiving donation payments If you use your PayPal account to accept donations, including using the Generosity Network , the Donate Button, or PayPal Checkout for Donations, you must: Pay any applicable fees for receiving the funds.

If you do so, PayPal may remove your PayPal account's ability to use those services or otherwise receive donations. No surcharges You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method. Your customer service information, refunds and returns policy, and privacy policy You must publish customer service information with clear instructions on how your customers can contact you.

You must publish a refunds and returns policy. You must publish a privacy policy, where required by law. Payment review PayPal reviews certain potentially high-risk transactions. In-store payments and QR code transactions If you accept PayPal payments at your physical store, you must communicate the total amount of the transaction to the customer before it takes place.

Your c 3 status must be documented with PayPal to receive the rates applicable to charitable organizations, and those rates will apply only after you document your status with us. Standard transaction fees The fees you pay when selling goods or services or receiving donations, and the buyer pays using their PayPal account or using another authorized wallet , can be found on the Standard Transaction Fees table , with the fees applicable to charitable organizations founds on the Standard Transaction Fees for Charitable Organizations table for the charitable fees.

Please note that: We may revise the fees applicable to future transactions that you process using PayPal, subject to the applicable notice requirements set forth herein. Micropayments You may apply to receive Micropayments pricing for certain lower value transactions processed through your PayPal account for the sale of goods and services. If your PayPal account has been approved for Dynamic Micropayments also known as Dynamic Pricing , then PayPal will automatically apply either the Micropayments rate or the applicable higher value transaction rate to each transaction processed through your account based on whichever rate results in the lowest fees to you for that transaction.

If your PayPal account has previously been approved for Static Micropayments, then all such transactions processed through your account will receive the Micropayments rate , regardless of the transaction amount. If you have multiple PayPal accounts, but only some of them have been approved for Static Micropayments, then you are responsible for routing your transactions through the appropriate account to receive the desired pricing. Once a transaction is processed, PayPal will have no responsibility to re-route the transaction through a different account or apply different pricing.

PayPal may, at its sole discretion, unilaterally convert your account from a Static Micropayments setup to the Dynamic Micropayments setup.

PayPal has no obligation to offer the Static Micropayments setup as an alternative to the Dynamic Micropayments setup. Not all payment types are eligible for Micropayments pricing. Your responsibility to notify PayPal of pricing or fee errors Once you have access to any account statement s or other account activity information made available to you by PayPal with respect to your business account s , you will have sixty 60 days to notify PayPal in writing of any errors or discrepancies with respect to the pricing or other fees applied by PayPal.

General information If you receive a payment for selling goods or services that is later refunded or invalidated for any reason, you are responsible for the full amount of the payment sent to you plus any fees including any applicable chargeback fee or Dispute fee. Payments that are invalidated and reversed Payments to you may be invalidated and reversed by PayPal if: You lose a PayPal Purchase Protection claim submitted to us by a buyer, including as a result of your failure to respond in a timely manner.

You lose a Venmo Protected Purchase Program claim. The card issuer, not PayPal, determines whether a buyer is successful when they pursue a chargeback related to a card-funded transaction. You do not fulfill the transaction as promised or you cannot provide proof of shipment or proof of delivery when required. PayPal sent the payment to you in error. The payment was unauthorized You received the payment for activities that violated this user agreement or any other agreement between you and PayPal.

Resolved directly between you and the buyer and not escalated to a claim with PayPal. Filed by the buyer directly with PayPal as an Unauthorized Transaction. Claims with a transaction value that is less than twice the amount of a Standard Dispute fee.

Decided in your favor by PayPal or your issuer. The applicable chargeback fee will be deducted from your PayPal account. The chargeback fee is applied as specified in the Chargeback Fee table and will be charged in the currency which you selected for the original transaction listing. If the transaction was in a currency not listed in the Chargeback fee table, the fee charged will be in your primary holding currency. This applies when you are the primary seller or a secondary seller of goods or services.

For example, event ticketing agents or online travel agents will forfeit the full purchase amount paid by the buyer. In some cases, you may not receive the item back. The Purchase Protection claim will only be considered fully resolved if: the refund to a buyer is processed through PayPal or Venmo, as applicable, or you provide evidence acceptable to PayPal, in its sole discretion, that the buyer agreed to the alternative resolution provided.

You will not receive a refund of the PayPal fees that you paid in connection with the sale. If the claim was that the item received was Significantly Not as Described, you may not receive the item back, or you may be required to accept the item back and pay for the return shipping costs.

If the claim was that the item received was Significantly Not as Described and related to an item you sold that is counterfeit, you will be required to provide a full refund to the buyer and you may not receive the item back. If the balance in your Balance Account or business PayPal account is insufficient to cover the amount, we may: place a hold on your PayPal account until sufficient funds become available in your PayPal account to cover the amount; or create a negative balance in your PayPal account.

The item must be a physical, tangible good that can be shipped, except for items subject to the Intangible Goods Additional Requirements. You must ship the item to the shipping address on the Transaction Details page in your PayPal account for the transaction.

We therefore recommend not using a shipping service that is arranged by the buyer, so that you will be able to provide valid proof of shipping and delivery.

The shipping requirement does not apply to eligible transactions involving items that you deliver in person; provided, however, that you agree to provide us with alternative evidence of delivery or such additional documentation or information relating to the transaction that we may request.

If the sale involves pre-ordered or made-to-order goods, you must ship within the timeframe you specified in the listing. Otherwise, it is recommended that you ship all items within 7 days after receipt of payment. You provide us with valid proof of shipment or delivery.

In the case of an Unauthorized Transaction claim, you must provide valid proof of shipment or proof of delivery that demonstrates that the item was shipped or provided to the buyer no later than two days after PayPal notified you of the dispute or reversal. You must provide proof of delivery as described below. Other integration requirements may apply depending on your business model. We will let you know those requirements ahead of time, if needed.

Delivered the item and provide Proof of shipment or delivery for Intangible Goods. Provide signature confirmation when the full amount of the payment including shipping and taxes exceeds the amount listed in the signature confirmation threshold table based on the currency of the payment.

Intangible Goods The following is required as proof of shipment or delivery for intangible goods: QR Code Transactions The following is required as proof of shipment or proof of delivery: For intangible or digital goods, proof of shipment or delivery means compelling evidence to show the item was delivered or the purchase order was fulfilled.

If you participate in this program: You must: You must not: Comply with all integration requirements provided by PayPal or each authorized third party, including those with respect to accurate presentation of all PayPal related information. Modify any PayPal content or its presentation in any way. Only use the code for PayPal content as provided by PayPal. Copy PayPal content from other websites. Use the PayPal content in its entirety with all the links and language provided by PayPal and without modification by you.

Create, display or host your own PayPal content, unless authorized by PayPal in writing. Post PayPal content on social media networks or platforms or anywhere else, unless authorized by PayPal in writing.

Keep all PayPal content current and up to date, including by cooperating with PayPal to manually update the PayPal content as its appears on your sites or in your communications and repair or reinstall the code to facilitate future updates. Display any non-current PayPal content. Comply with applicable advertising laws, regulations and standards issued by governmental authorities or advertising self-regulatory bodies including but not limited to the digital advertising standards issued by the Network Advertising Initiative.

PayPal may deduct such damages directly from any existing balance in any PayPal account you control. What are holds, limitations and reserves Under certain circumstances, in order to protect PayPal and the security and integrity of the network of buyers and sellers that use the PayPal services, PayPal may take account-level or transaction-level actions.

Holds A hold is an action that PayPal may take under certain circumstances either at the transaction level or the account level. Some common situations where PayPal will hold payments include: New sellers or sellers who have limited selling activity. Payments for higher-risk categories like electronics or tickets.

Sellers who have performance issues, or a high rate of buyer dissatisfaction or disputes. Holds based on disputed transactions If a payment sent to you as a seller is challenged as a payment that should be invalidated and reversed, we may place a temporary hold on the funds in your PayPal account to cover the amount that could be reversed. Account Limitations Limitations are implemented to help protect PayPal, buyers and sellers when we notice restricted activities , an increased financial risk, or activity that appears to us as unusual or suspicious.

If your debit or credit card issuer alerts us that someone has used your card without your permission. Similarly, if your bank lets us know that there have been unauthorized transfers between your PayPal account and your bank account.

In order to comply with applicable law. If we believe in our sole discretion that you have breached this agreement or violated the Acceptable Use Policy. Seller performance indicating your PayPal account is high risk. Reserves placed on business PayPal accounts We may place a reserve on your business PayPal account at any time if we believe there may be a high level of risk associated with you, your business PayPal account, your business model, or your transactions.

PayPal considers a list of non-exclusive factors and whether and how these factors have changed over time, including: How long you have been in business. Whether your industry has a higher likelihood of chargebacks. Your payment processing history with PayPal and other providers. Your delivery time frames. Whether you have higher than average number of returns, chargebacks, claims or disputes.

There are two types of reserves that may be placed on your business PayPal account, and one or both may be applied at the same time: A Rolling reserve is a reserve where a percentage of each transaction you receive each day is held and then released later on a scheduled basis.

Rolling reserves are the most common type of reserve. The minimum reserve is either taken as an upfront amount deposited all at once or is established on a rolling basis from percentages of sales until the minimum reserve is achieved, much like a rolling reserve.

What is not considered an Unauthorized Transaction The following are NOT considered Unauthorized Transactions: If you give someone access to your PayPal account by giving them your login information and they use your PayPal account without your knowledge or permission.

You are responsible for transactions made in this situation. Invalidation and reversal of a payment as a result of the actions described under Refunds, Reversals and Chargebacks. You send a payment and the incorrect amount is debited from your PayPal account. An incorrect amount is credited to your PayPal account. A transaction is missing from or not properly identified in your PayPal account statement. We make a computational or mathematical error related to your PayPal account. You request receipt or periodic statement documents that PayPal is required to provide to you.