Quote:
Originally Posted by Damien
Hang on, there is something quite odd about this.
Presumably you have a British sterling bank account and you get paid in pounds. However when you purchase something online you deposit the money into PayPal and get the currency exchanged into Euros, you then purchase something with a sterling price tag and let it change back?
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I dont get paid a fixed salary.
My income as I said is mostly in euros and most of the rest in us dollars.
Most of it goes to paypal and sits in a balance the same currency its recieved in, paypal can store multi currency balances.
I can transfer from there to my bank, and I convert it to GBP before hand if I do this so it arrives in my bank as GBP.
People can send euros to my bank account, if they do this my bank converts it to GBP.
All credit card merchants accept payments in euros and as such they also deal with any conversion as well.
This is nothing unusual in the modern world of commerce, I think some of you guys stuck in the stone ages only dealing with GBP and this has confused you.
When I spend the money in this country it is already GBP, as I spend either with my debit or credit cards.