Question by Pastor Ken: Why currency trading with paypal is never worth it?
Is it always ” not worth it” to use the currency trade feature in paypal?
Best answer:
Answer by airmandj
PayPal was never designed for currency trading. Because PayPal charges a fee plus the current market value of the currency you’re trading to, you would rarely profit from it. The best thing to do is to go into your “Payment receiving preferences” in your Profile section of the PayPal account. From here you can require that buyers can only pay you in a currency you currently carry, therefore they are required to pay the conversion rates to change their Pesos to USD in order to send your payment.
I hope this helps!
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