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Ecommerce Forum

Paypal to accept payments in
Good news for UK or global traders.

 7:58 pm on Nov 7, 2002 (gmt 0)

Received email today informing me that Paypal is to commence accepting payment in as well as $.

This is great news for UK sites aiming towards UK customers. I always thought that paying in $ would put a lot of customers of buying from your site. I think this new payment method will do wonders for UK customer conversions.



 12:30 am on Nov 10, 2002 (gmt 0)

I wonder about how useful that really is. You're paying with a credit card anyway, so the conversion takes no real effort. And I just bought tea from a site that only accepts payments in GBP this afternoon without a second thought. (I'm in the US) I have lots of complaints about their web site, but none of them had to do with needing to pay in GBP.


 1:41 am on Nov 10, 2002 (gmt 0)

Very useful. Especially to the unseasoned web user who prefers to pay in their own currency.

It was also great for me, a seasoned web user, to pay in with an Ebay/Paypal purchase yesterday too!


 9:08 am on Nov 10, 2002 (gmt 0)

Got to be honest and say I would much rather pay in my local curency. I think a lot of users would feel the same way.

It also looks very un-profesional to operate in the UK and then need to explain to your users why they will be asked to pay in USD.


 11:45 am on Nov 10, 2002 (gmt 0)

dingman, maybe your credit card does not charge for currency conversion (one of mine charges a 'tiny' 12% to pay in US Dollars).

Not everyone can calculate currency conversions in their head - many people in the UK wouldn't even know how many $ there are to the . (Probably even less know how many Euros to the , but thats another story!)

People feel comfortable buying in a price they understand the value of. And if you don't make people comfortable = no sales.


 11:47 am on Nov 10, 2002 (gmt 0)

PP's been taking pounds for about a month:


 9:18 pm on Nov 10, 2002 (gmt 0)

dingman, maybe your credit card does not charge for currency conversion (one of mine charges a 'tiny' 12% to pay in US Dollars).

Nothing like a 12% surcharge, anyway. That would deffinitely change my feelings about making a purchase in a foreign currency. Depending on which card I use there might be a nominal charge, but it really is tiny. Small enough that when I've traveled abroad, I've used ATMs instead of exchanging currency at a bank, because it was cheaper. (Not to mention that ATMs don't get into a snit because you haven't had your hair cut since the passport photo was taken, several years ago :))

As for the currency conversion, I've seen a few sites that bill in one currency, but will display an estimated price with current exchange rates in another, to help with customer comfort. I don't know how well it works.

And it does occurr to me now that I've read a few of these posts that although I had no problem with a company located in London billing me in GBP, I would probably be a bit more hesitant about a company in Ohio doing the same ;)

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