Conversation with Gemini

You can hold and manage balances in multiple currencies directly within a single PayPal account.

Adding a New Currency Balance

1. Go to your Wallet (or Money section on Business accounts).

   Wise

2. Select Add a currency.

   PayPal

3. Choose the currency you want to hold and confirm.

   PayPal

Once added, any incoming payments in that currency will automatically deposit into that balance without converting.

Changing Your Primary Currency Your primary currency is used as the default for sending payments and requesting money.

1. Navigate to Wallet.

   PayPal

2. Click the three dots / More menu next to your desired currency.

   PayPal

3. Select Make Primary.

   PayPal

Converting Funds Between Currencies

1. Select the currency balance you wish to transfer from in your Wallet.

   Wise

2. Click Convert currency.

   Wise

3. Enter the target currency and amount, review the conversion rate, and click Convert Now.

   Wise

Managing Foreign Payment Preferences By default, receiving money in an unadded currency creates a new balance automatically. You can adjust how PayPal handles unadded currencies by navigating to Account Settings > Payment preferences > Block payments to automatically accept, decline, or prompt you for approval on incoming foreign funds.

Note: PayPal applies a markup (typically 3%–4% above the mid-market exchange rate) whenever a conversion occurs between your balances or during withdrawals to a non-matching bank account.