How To Disable PayPal’s Currency Conversion to Save Money on Fees

PayPal is great if you’re shopping at a place you don’t entirely trust and/or if you want to keep your credit card number private. Well, between you and Paypal at least. Their fees, however, can be horrendous. This hits merchants harder than consumers, but even as a buyer they have ways to get you. One example is their currency conversion fee, which amounts to 3% of the transaction value and is applied automatically if you buy from a(n international) seller whose currency differs from your card’s.

3% is a lot, and your bank can probably do better (mine does conversions at 1%). Thankfully, there is a way to disable PayPal’s automatic currency conversion, though they haven’t made it easy to find. Go figure.

How To Disable PayPal’s Currency Conversion in 6 Steps

Step 1


Step 1

Log into PayPal and click on the options icon.

Step 2


Step 2

Go to the Payments screen, then to “Manage automatic payments”.

Step 3


Step 3

Once again, click “manage automatic payments” to get to the classic view.

Step 4


Step 4

Above your automatic payments list, got to “Set Available Funding Sources”.

Step 5


Step 5

Next, hit “Conversion Options” behind your credit card (or other funding source).

Step 6


Step 6

Finally, choose to be billed in the currency listed on the seller’s invoice. Don’t forget to hit submit.

If applicable, repeat from step 5 for any additional cards on your account.

There, all done. Now your bank will handle the conversions at probably much more favorable rates. Wasn’t that process straightforward and intuitive? /s


While I still have your attention

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Whatever you decide, thank you for reading and have a great day 🙂

35 thoughts on “How To Disable PayPal’s Currency Conversion to Save Money on Fees

    • I was wondering if I can disable their currency conversion and did some research 🙂

  • Thank you so much for this!
    This is ridiculously deeply hidden…
    Note that there is even one more step:
    You need to hit an other ‘save’ that appears after step 6, on the then again step 5 page.
    Only then do they confirm the change….
    They really try to prevent you from not letting them steal your money.

  • Is this still working for you? I changed the option but paypal is still trying to do the conversion.

  • Note that there is even one more step:
    You need to hit an other ‘save’ that appears after step 6, on the then again step 5 page.
    Only then do they confirm the change….

    Written by another visitor but you should really include it in the guide 🙂

  • Well, this option is good if Visa or Mastercard credit cards are used, but if Discover/Diners or Amex credit cards are in use – you will not have the option to choose and PayPal will always do the conversion for you 🙁

  • Thank you very much!
    How could you name it in another words than “legal robbery”?
    Each time I return buying on ebay after some break I feel like they hide their conversion options deeper and deeper… But THIS is jush hilarious…

  • Yo man. Thank you so much for this. No more will I pay ADDITIONAL COSTS FOR NO REASON! NO MORE!

  • Sorry but it didn’t work for me. I followed all the steps then hit “Submit” and then “Save”. The second option is currently saved, but the conversion was still active when I withdrew the sum. Good luck to everybody else who wants to avoid this rip-off

  • I did this soon after you posted it, and it worked.


    today I was making a payment and it was defaulting to Paypal Currency Conversion. I was able to change it for that one transaction. So I went to check my default settings, and Paypal have “improved the user experience” by changing the menu layout, and also, it appears, removing this option to set the default currency conversion.

    I had a good look around via the Paypal Site Map and could not find a way to set a default. So either they’ve hidden the option even deeper, or they’ve removed it altogether.

  • Step 3 is now Manage Funding Sources. Thank you very much for the info. To me paypal is always trying to hide this feature from us. smh

  • Is there any way to avoid the conversion fees when withdrawing money to your own bank account? forgive me if I misread this, but the solution above is for paying in another currency. Thanks in advance

  • They have now removed “Cant find what you’re looking for?” Try the “Manage Automatic Payments” option at the bottom left of the page.


  • Lloyds bank, in the UK, is an absolute rip off… They charge a flat fee and THEN a percentage which works out to be WAY higher than PayPal 🙁

  • Seems Paypal is shutting this option down so they can earn more money on exchange rates. The direct link still works but for how long. Everyone needs to let them know we noticed and aren’t happy.

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