What does Paypal selling rate and buying rate mean?

You might notice that we are now posting 2 rates in the conversion of USD or United States Dollar. We used to post only the Paypal buying rate because most of our clients use this rate to exchange their Paypal USD funds to PHP.

If you are wondering why converting an amount from USD to PHP and back to USD again causes your balance to go lower, this article should help you understand.

We now post the buying rate and selling rate of Paypal’s USD currency because of the growing number of clients buying Paypal funds from us. You will see this post regularly update in our Facebook account 2 times a day.

What is Paypal buying rate?

Paypal buying rate is the rate which Paypal would pay you for 1 USD. You use Paypal buying rate if you are converting/exchanging your USD or United States Dollar Paypal funds to PHP(In this case).  Thus, you are selling your USD funds to Paypal and Paypal is buying the USD funds from you. Here are sample scenarios to use the Paypal buying rate;

* When you withdraw your Paypal balance  100$(or any amount in $) to your Unionbank account

* When you convert your Paypal balance 100$(or any amount in $) to a PHP currency using Paypal’s currency manager

* When you use your Paypal balance 100$(or any amount in $) to buy something online  costing in PHP currency

* Any transaction resulting to a conversion of your Paypal balance from USD to PHP currency

What is Paypal selling rate?

Paypal selling rate is the rate which Paypal would sell you 1 USD. You use Paypal selling rate if you are converting/exchanging your PHP(In this case) to USD or United States Dollar Paypal funds.  Thus, you are buying USD funds from Paypal and Paypal is selling the USD funds to you. Here are sample scenarios to use the Paypal selling rate;

* When you purchase something online in USD currency and you only have PHP funds in your Paypal balance

* When you purchase something online in USD currency but don’t have Paypal balance, they charge you directly from your bank/card

* When you convert your Paypal balance in PHP to USD

* Any transaction resulting to a conversion of your Paypal balance from PHP to USD currency

If you thought Paypal only earns through the fees they collect you are wrong. Paypal also earns every time you convert your money from 1 currency to another. There are also many other ways they earn that you don’t know of, some are even unethical ways. So be careful in dealing with Paypal.

You can contact us on our fan page, facebook, email or our mobile numbers:

Staff	Contact Information	Schedule
Neil		Monday – Friday From  9:00AM-8:00PM Available even holidays or weekends
Jyza		Wednesday – Sunday From  9:00AM-8:00PM Available even holidays or weekends
Our full time staffs are always ready to assist you with your request or questions. They are online from 9:00AM-8:00PM every day, even on holidays or weekends.

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Bien

Founder at Peso Exchanger

Eldest brother of 6 brothers, father of 2 daughters, husband to 1 loving wife, programmer, gamer, entrepreneur, freelancing advocate, financial planner, practical spender except on food, anime lover, and your internet savvy friend. I want to help build/convert more freelancers, independent workers, entrepreneurs in our country(Philippines).

Latest posts by Bien (see all)

• Peso Exchanger – Temporarily closed - February 14, 2014
• An important update December 23, 2013 - December 22, 2013
• Our holiday schedule for staff availability – December 2013 - December 10, 2013

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How to convert USD to PHP Paypal funds Important uses of Paypal’s Currency Manager Long weekend SALE: Selling Paypal funds! NO FEES! How to use Fee Calculator (PWS)