How To Convert US Dollar To Philippine Pesos On PayPal

If you are looking to send money to a recipient via PayPal, say in the Philippines (USD to PHP), either for personal or business use, here's some information about the platform that can help make that transaction easier for you.

Table of Contents

Here is a step-by-step guide to convert USD to PHP on PayPal: 

1. Log into your PayPal account.
2. Go to your Wallet page.
3. Click the Options icon beside the currency you want to convert which is USD. 
4. Click Convert currency. (You'll need to have an available balance to progress.)
5. Select the currency you want to convert to which is PHP and then click Next.
6. Enter the amount of USD you want to convert to PHP and click Next.
7. Click Convert Now.

PayPal For Personal Use

A PayPal personal account is for those who use it to carry out personal transactions like online shopping or transferring money to family and friends. Setting up a personal PayPal account requires only an email address and some basic information. Once you have a PayPal account, you can receive and send money from/to any user who owns a PayPal account.

PayPal For Business

PayPal business account is for organizations to manage their global transactions effortlessly. Accepting and processing credit and debit card payments in more than 100 currencies for 200+ countries, PayPal is a reliable and popular online payment service provider that many businesses worldwide employ. 

Payment Via PayPal Using Your Account

You can easily make a payment via your PayPal account either through a money request/invoice or by setting up the payment yourself. All you need is the recipient's email address or telephone number. Follow these simple steps:

1. Start the Payment

If you've received a money request or invoice via email, all you need to do is click the "Pay Now" button to get started. 

You will then be redirected to log in page of PayPal. Simply log in to your account and click the "Send and Request" button. 

2. Choose Between a Personal and Business Payment

When you start a payment yourself, PayPal will ask you if the payment is for goods and services or a personal transaction to family and friends either in the US or internationally. 

3. Enter the Recipient Details

Next, you will enter the recipient's email address or phone number to whom you wish to pay. Ensure having correct recipient details before proceeding. 

4. Enter the Currency and Amount

In this step, you'll need to enter the amount and currency you wish to send in which is USD, and confirm the recipient's currency which is PHP using the drop-down boxes.

5. Choose a Funding Source

There are quite a few choices of funding sources such as PayPal balance, credit or debit card, or a linked bank account. Keep in mind that your source of funds will have an impact on your cost of sending money. Credit cards are usually the most expensive. 

6. Review the Payment and Confirm

Once you've added the amount and the funding source, confirm the payment, and a receipt will be sent to you at your email address confirming that the payment has been processed.

Payment Via PayPal Without A PayPal Account

Payment through PayPal without an account can be done only when you receive a money request or invoice via email. 

All you need to do is click the "Pay Now" button on the email, enter your debit or credit card details and make the payment. However, keep in mind that payment via a debit/credit card will turn out to be more expensive than via a linked bank account. 

Fees Charged By PayPal To Convert USD To PHP

PayPal fees will vary on multiple factors such as: 

• Whether you are using it for personal use or business 
• Whether you are sending money domestically or internationally
• The country you are sending from and to
• The payment method and the receiving method

While it is free to use the platform for domestic transfers between friends and families, there may be charges for USD to PHP currency conversion. 

Here is a snapshot of PayPal fees: