Hello this is my transaction above and I am not sure how to deal with this as it has a fee in exchange rate but there doesnt seem to be a payment to the exchange?
I just want to understand the situation a bit better so I can advise of the best way to handle this.
Would this be a USD payment to a GBP invoice, or something different?
I got the payment of 112 USD and then I transfer to bank account and paypal charge usd fees. It shows as a transfer in GBP
If there’s a fee involved, you would in the first instance account for the PayPal fee like you would if it was a GBP transaction - split the fee from the total to get the transferred amount. There’s more on that here.
Either way, when you tag the actual balance that was given to you, it will prompt you for a GBP equivalent. I’ll use the same figures as your example above as an example:
This would be the same going the other way too (from GBP to USD).
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