I live in the eurozone and have about $13000 (USD) legal income on my PayPal balance. One of my bank accounts is in usd, but apparently PayPal only wants to transfer money in the main currency of the country where the bank account is based. The commission on he exchange rate is around 3% so I would end up losing almost $400.
Does anyone know if there is a way to get around this?
So far I see 2 options:
1)ask a friend in the U.S. to accept the money and wire it to me. I don't know if the IRS could make any trouble here?
2) find a foreign exchange service that will accept PayPal money and will wire on euros. Does anyone know of such a service? I've looked at transferwise and a couple of others but none seem to accept PayPal money.
Thank you very much in advance!