PayPal foreign transaction woes and confusion

Hi @Paul_Cheetham

Sorry to hear that you’re having issues.

Each bank account on QuickFile, as like many other accounting systems, only supports one currency. The way foreign currency transactions are handled is tricky with PayPal as they don’t reveal their exchange rates.

If you use the feed, we can use the xe.com exchange rates to show the transaction in your account, which should at least give you a more accurate balance than without them. We introduced this back in March. You can see the full announcement, and more information in the original post here.

Hope that helps