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cricket

Does Prolific Deduct For Conversion to US dollars

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cricket

I just got paid for the first time. I know exactly what I had in Paypal before and now it's $2 less than what it should be. I looked up on Google the conversion table so know exactly what GBP translates into US dollars. The other question is, on Paypal, this is what it says on top  

  • $65.02 USD
  • £36.69 GBP

, but this is not correct and they didn't give me $65.02 because 36.69 GBP is really $47.89. I got about $45 which is fine but why did they deduct the $2? This is real confusing!

 

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NevadaJones

Prolific doesn't charge for converting to USD because they don't convert the currency...you get paid by Prolific in GBP or whatever. PayPal charges a fee for the conversion I think. I should know because I've cashed out from Prolific to PayPal many times, but I don't pay much attention to details. :lol:

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cricket

I looked it up. Didn't take the time to read all of the posts but I do remember Paypal mentions it on their site.  This has a bunch of explanations. Thanks a lot for replying, Nevada! https://www.google.com/search?client=safari&rls=en&sxsrf=ACYBGNQr-rbe76Y3dAjGvp1d-URWsDdUFw:1576871997213&q=paypal+exchange+rate+fee&sa=X&ved=2ahUKEwiw8__5gcXmAhXjdd8KHYDODDQQ1QIoAnoECA4QAw&biw=1280&bih=651

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rosiesmom

I just cashed out, and it looks like Prolific didn't convert, but Paypal did.  I got less than what was in my account on Prolific.  That's fine.  I still got money.

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